WUC Mining Update (February 6, 2020)
February 6, 2020
Western Uranium & Vanadium Corp. Mining Update
FOR IMMEDIATE RELEASE
Toronto, Ontario and Nucla, Colorado - Western Uranium & Vanadium Corp. (CSE:WUC)
(OTCQX:WSTRF) (“Western” or ”Company”) Western continues its ongoing mining activities at
the Sunday Mine Complex Uranium/Vanadium Project (the “Sunday Mines”).
The Colorado Division of Reclamation, Mining and Safety (CDRMS) has set a hearing for late
March to consider the status of the Mining Permits for the Sunday Mines.
As previously reported, the Sunday Mines were reopened with active mining being conducted
during the Summer of 2019, with ore being mined and stockpiled underground in the mines .
The mined o re will soon be removed and stockpiled at the pre-engineered and approved ore
pads which are currently under construction. Additional ore will be m ined and stockpiled in
early March.
The mining activities, both during the Summer of 2019 and ongoing , meet the present standard
of active mining status.
A recent report from th e Wyoming Governor Mark Gordon, noted that he was assured that
President Trump will act soon to support the U. S. uranium mining industry . This expected
action by the President may be the purchase of uranium by the U.S. governme nt for the United
States’ strategic stockpile. By mining and stockpiling ore now at the Sunday Mine s, Western will
be in a position to have some of the first uranium production available to fulfill the needs of the
United States’ strategic stockpile, should that action be taken.
About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is a Colorado -based u ranium and vanadium mining
company focused on low-cost near-term production in the western United States.
Cautionary Note Regarding Forward -Looking Informa tion: 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”).
Statements of that nature i nclude 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 operations, assets and pl ans. 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 extent required under applicable laws and regulations.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
George Glasier
President and CEO
970-864-2125