Acquisition Of Mineral Lode Claims

TORONTO – Western Uranium & Vanadium Corp. reported the successful closing of the acquisition of unpatented mineral lode claims. The Claims encompass a drilled-out uranium-vanadium deposit originally advanced during prior exploration programs, securing for Western a 50% ownership interest in the area covered by historic drilling. This strategic acquisition further strengthens the Company’s growing portfolio of conventional uranium and vanadium assets in the western U.S., adding to the Company’s advancing production pipeline, which includes the Sunday Mine Complex, the Sage Mine, the Van 4 Mine and the San Rafael Projects. Together, these assets provide a strong foundation for near-term production and support Western’s role in the resurgence of domestic U.S. uranium supply. 
As part of the acquisition strategy, Western has also acquired additional claims surrounding the property, adding significant exploration potential to expand the historic resource. The Company has named this new resource property the Uranium Ridge Project which is a combination of the surrounding claims plus the former Baboon Basin claims / Sawtooth claims which were drilled-out. This land position expansion in the district underscores the Company’s commitment to building a long-term pipeline of high-quality uranium and vanadium resources.
The newly acquired Claims are located in close proximity to Western’s proposed Mustang Mineral Processing Plant site. By securing nearby resources, Western expects to reduce haulage costs, streamline logistics, and capture significant processing efficiencies, directly translating into increased value for shareholders. The Mustang site, which was previously licensed by the Colorado Department of Public Health and Environment (CDPHE), is being advanced as a key regional processing hub.
George Glasier, CEO, said, “The successful closing of this acquisition demonstrates our continued focus on expanding the Company’s strategic footprint in uranium-rich districts of the western United States. By combining these historically drilled resources with our existing assets and processing infrastructure, we are creating meaningful shareholder value and positioning the Company to meet the rising demand for nuclear fuel.”