WUC Extends Warrants Issued in 2018 (April 20, 2020)
April 20, 2020
Western Uranium & Vanadium Corp. Extends Warrants Issued in 2018
FOR IMMEDIATE RELEASE
Toronto, Ontario and Nucla, Colorado - Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF)
("Western" or the "Company") announces the extension by nine months of the common share purchase warrants (the
"Warrants") issued to investors in non -brokered private placements that closed on May 4, July 30 and August 9, 2018
(the "2018 Private Placements") and the amendment of the trigger price in the acceleration clause of each Warrant. No
Warrants issued to investors in the 2018 Private Placements have been exercised, and a total of 2,671,116 Warrants are
being amended.
Each Warrant currently entitles the holder t o purchase one common share (a " Common Share") in the capital of the
Company at a price of C$1.15 per Common Share at any tim e prior to 5:00 p.m. (Toronto ti me) on M ay 4, July 30 and
August 9, 2020, respectively (the "Original Expiry Dates"). Each of the Original Expiry Dates is extended by nine months
such that the Warrants will expire on February 4, April 30 and May 9, 2021, respectively.
In addition, e ach Warrant is currently subject to an acceleration clause that allows the Company to accelerate the
expiration date of the Warrant if the closing price of the C ommon Shares of Western is equal to or greater than C$2.50
for a period of five consecutive trading days (the “Acceleration Clause”). Western is amending the Acceleration Clause of
each Warrant by lowering the trigger price from C$2.50 to C$1.83 effective at 5:01 p.m. (Toronto time) on each of the
Original Expiry Dates. All other terms of the Warrants remain the same, including the applicable legends.
No Warrant is held by an insider or a related party to the Company. In accordance with the rules of the Canadian
Securities Exchange , no compensation warrants issued in connection with the 2018 Private Placements are being
extended. The amendments to the Warrants remain subject to final regulatory approval.
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 kinetic separation.
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