WUC Provides Company Updates
July 20, 2020
Western Uranium & Vanadium Corp. Provides Company Updates
FOR IMMEDIATE RELEASE
Toronto, Ontario and Nucla, Colorado - Western Uranium & Vanadium Corp . (CSE:WUC) (OTCQX: WSTRF)
(“Western” or ”Company”)
This hearing on the status of the Sund ay Mine Complex permits is now scheduled for July 22, 2020. This Mined Land
Reclamation Board (MLRB) meeting was first scheduled to convene in March, but there were multiple continuances due
to procedural and COVID -19 delays. A virtual only format will be utilized to comply with the Colorado Open Meetings
Law. The Company has made its pre-hearing submission which has been posted to the Colorado Division of Reclamation,
Mining and Safety website and the meeting will also be available for viewing on the Division of Natural Resources MLRB
YouTube channel.
Division of Reclamation, Mining and Safety Permit Hearing
Western also announces it has received a bonus payment o f $180,000 from the extension of a n oil and gas lease whose
primary three year term started in 2017. The operator has filed an application with the Colorado Oil & Gas Conservation
Commission (COGCC) for an order to establish a drilling and spacing unit and set the maximum number of horizontal
wells that may be drilled. Application lands cover ap proximately 3,200 acres comprised of adjoining leasehold
properties. A significant royalty percentage will be paid on oil and gas sale proceeds. The leasing agreemen t allows the
Company to retain full property rights to vanadium, uranium, and other mineral resources in this hydrocarbon rich
region.
Oil and Gas Activities
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 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 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 Analy sis, 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
Robert Klein
Chief Financial Officer
908-872-7686