LOI With Western Uranium And Vanadium For Processing Of Sahara Ore

CALGARY - Ashley Gold Corp. announced a Letter of Intent (LOI) for processing of Sahara Uranium-Vanadium ore at the future Green River Utah processing facility being constructed by Western Uranium and Vanadium (WUC). The LOI highlights the intent for Ashley to produce 100,000 tons of Uranium-Vanadium ore per year approximating 500,000 lbs of Uranium* and 750,000 lbs of Vanadium.

Darcy Christian, CEO of Ashley, said, “It is my pleasure to announce the beginning of a productive relationship between Western and Ashley. By working with George Glasier and Western we are being benefitted with a significantly reduced capital expenditure and timeline to move to a production company.  We will benefit from Western’s patented kinetic separation technology for lower cost processing and Western will have additional local ore for processing to maximize profitability of the mill.”

Initial tolling or sale of 100,000 tons per year of ore with potential to increase. Represents ~500,000 lbs of Uand ~750,000 lbs of V per year. Initial processing expected 2026.