Western Uranium & Vanadium Corp.

Completed an underwritten private placement of 6,555,556 units at Cdn$0.90 for gross proceeds of about CAD$5.9 million -- its largest raise in years -- with A.G.P. Canada Investments as underwriter.

capital raising announcement

Completed the acquisition of Pinon Ridge Corporation for about US$830,000 (accounted for as an asset purchase), giving Western outright ownership of the roughly 900-acre Montrose County, Colorado site with a previously licensed but never-built uranium processing plant -- converting the 2016 toll-processing arrangement into full ownership. About $438,000 of the price went to insiders: CEO George Glasier and an affiliate of former CFO Andrew Wilder; an independent board committee reviewed the related-party deal.

material agreement

Adopted a three-year shareholder rights plan ('poison pill') with Capital Transfer Agency as rights agent, intended to ensure fair treatment of shareholders in the event of a hostile takeover bid; subject to shareholder ratification at the June 2023 annual meeting.

security holder rights change

Raised CAD$3.0 million across two tranches of a private placement at just Cdn$0.68 per unit -- roughly a third of the 2017 raise price, reflecting a deeply depressed uranium market.

capital raising announcement

Signed a letter of intent with Pinon Ridge Corporation to process Western's ore at Pinon Ridge's licensed uranium/vanadium mill site in Colorado using Western's proprietary ablation technology -- a path to producing finished U3O8 and vanadium without building its own mill.

material agreement