WUC Prevails in Permit Hearing
July 27, 2020
Western Uranium & Vanadium Corp. Prevails in Permit Hearing
FOR IMMEDIATE RELEASE
Toronto, Ontario and Nucla, Colorado - Western Uranium & Vanadium Corp . (CSE:WUC) (OTCQX: WSTRF)
(“Western” or ”Company”) would like to provide the following update:
The Company prevailed in the mining permit hearing held before the state of Colorado’s Mined Land Reclamation Board
(MLRB). At issue w as the status of the five existing permits which comprise the Sunday Mine Complex (SMC). Due to
COVID restrictions, t he hearing took place utilizing a virtual -only format on Wednesday July 22, 2020 and the
proceedings were recorded and are available for viewing on the Division of Natural Resources MLRB YouTube channel.
While the matters were complex, the 3 to 1 decision acknowledged that the work completed at the Sunday Mines under
Division of Reclamation, Mining and Safety (DR MS) oversight was timely and sufficient for Western to maintain the SMC
permits.
Mined Land Reclamation Board Permit Hearing
Western would like to thank its shareholders for being supportive and patient while waiting for this hearing to take
place. We would also like to thank the MLRB for recognizing in its decision the exploration, development, and mining
efforts made by Western, including the rigorously constructed state-of -art ore pads providing 21 st century
environmental protection.
During the hearing, the introduction of alternative definitions of “production” within the context of temporary cessation
resulted in multiple calls from the hearing participants for a continuation of the 2020 Hard Rock Rulemaking
(Rulemaking). The MLRB provided the further guidance to DRMS in moving forward with rulemaking that they would like
more information, data, and concrete inputs. The Rulemaking process began with a s coping meeting in January and a
comment period ending in March . However due to COVID delays, the process was suspended until September. The
stated Rulemaking goals were defining production and defining when temporary cessation is appropriately applied, and
how it do es or does not tie to development, production, and other defined mining activities in relation to temporary
cessation. Western is of the opinion that completion of the R ulemaking process will produce a set of rules and
definitions which would be b eneficial going forward. The Company will continue to fully engage and offer its assistance
in this ongoing process so industry, regulators, and citizens can share a clear and common understanding.
2020 Hard Rock Rulemaking
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”). Statements 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 ra ise
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 it s operations, 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 Discus sion 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 e xtent
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