Western Uranium & Vanadium Corp. Closes Fully Subscribed Brokered Life Financing Of $7.25 Million
12/12/23, 10:49 PM
Location
torontoWestern Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the ”Company”) is pleased to announce the closing of its brokered private placement financing previously announced in the Company’s news release issued on December 4, 2023 (the “Offering”). Pursuant to the Offering, Western has issued a total of 5,215,828 units at a price of Cdn$1.39 per unit (each, a “Unit”) for aggregate gross proceeds of approximately Cdn$7,250,000, with each Unit being comprised of one common share (each, a “Share”) and one half of one common share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one Share of the Company at a price of Cdn$1.88 per Share, for a period of four (4) years from the date of issuance
Company Info
Location
330 bay street, suite 1400
toronto, ontario, canada
Additional Info
Western Uranium & Vanadium Corp. is ramping-up high-grade uranium and vanadium production at its Sunday Mine Complex. In addition to the flagship property located in the prolific Uravan Mineral Belt, the production pipeline also includes conventional projects in Colorado and Utah. The Maverick Minerals Processing Plant is being licensed in Utah and will include the kinetic separation process.