Western Uranium & Vanadium Corp. Update (September 11, 2019)
September 11, 2019
Western Uranium & Vanadium Corp. Update
FOR IMMEDIATE RELEASE
Toronto, Ontario and Nucla, Colorado - Western Uranium & Vanadium Corp . (CSE:WUC) (OTCQX: WSTRF)
(“Western” or ”Company”) The Sunday Mine Complex Vanadium Project continues to deliver favorable
results. The initial sampling from the face of the mine workings showed V 2O5 grades ranging from 3% to 14%.
Large quantities of ore were mined to determine expected production grades. Twelve samples were analyzed
from the four mines from 12 areas mined. The average grade of vanadium was 3.15%.
Development drilling has been underway to expand the mine pro duction areas. Development drilling
continues and mining of ore has started. Ore will be stockpiled in the mines until the requirements of the
Colorado Division of Reclamation, Mining and Safety (CDRMS) are completed.
CDRMS issued a letter indicating prerequisite information and construction projects that need to be finalized
prior to the removal of material (ore) from the Sunday Mine Complex underground working s. The covering of
the low-grade ore stockpile has been completed. The remaining requirement s are underway. Ore production
will continue and be stockpiled underground. Ore shipments from the mines will commence when the
requirements of CDRMS have been met.
President Trump did no t take any action in the uranium section 232 investigation . Instead in a Presidential
Memoranda, the President directed the establishment of the United States Nuclear Fuel Working Group
(“Working Group”) to develop recommendations for reviving and expanding domestic nuclear fuel production
through a fuller analysis of national security considerations with respect to the entire nuclear fuel supply
chain.
Uranium Section 232 Update/ United States Nuclear Fuel Working Group
This process is currently moving forward quickly through the Working Group members and their staff . An
extraordinary amount of resources has been committed to this issue as the Working Group is comprised of
senior members of the Trump administration and agency heads . Last week the Working Group held a
stakeholder roundtable disc ussion in Washington D.C. which included representatives from the nuclear
industry. The Working Group is now evaluating the merits of recommendations and proposals to identify
solutions to reinvigorate the entire nuclear fuel supply chain. The process is scheduled to culminate with a
report to President Trump on or about October 10 th. Western’s observation and view is that the stakeholders
comprising the U.S. nuclear fuel cycle are increasingly finding common ground and this makes it more likely
that significant support will be enacted to secure each stage of the American nuclear fuel cycle.
About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is a Colorado based uranium and vanadium conventional mining
company focused on low cost near -term production of uranium and vanadium in the western United States ,
and development and application of ablation mining technology.
Cautionary Note Regarding Forward -Looking Information: Certain information contained in this news release
constitutes “forward-looking information” or a “forward-looking statements” within the meaning of applicable
securities laws (collectively, “forward -looking statements”). Stat ements of that nature include statements
relating to, or that are dependent upon: the Company’s expectations, estimates and projections regarding
exploration and production plans and results; the timing of planned activities; whether the Company can raise
any additional funds required to implement its plans; whether regulatory or analogous requirements can be
satisfied to permit planned activities; and more generally to the Company’s business, and the economic and
political environment applicable to its op erations, assets and plans. All such forward -looking statements are
subject to important risk factors and uncertainties, many of which are beyond the Company’s ability to control
or predict. Please refer to the Company’s most recent Management’s Discussion and Analysis, as well as its
other filings at www.sec.gov and/or www.sedar.com, for a more detailed review of those risk factors. Readers
are cautioned not to place undue reliance on the Company’s forward-looking statements, and that these
statements are made as of the date hereof. While the Company may do so, it does not undertake any
obligation to update these forward -looking statements at any particular time, except as and to the exten t
required under applicable laws and regulations.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
George Glasier
President and CEO
970-864-2125
Robert Klein
Chief Financial Officer
908-872-7686