Western Uranium & Vanadium Corp. Announces Results of Annual General and Special Meeting

Rhea-AI Summary

Western Uranium & Vanadium Corp. (CSE: WUC, OTCQX: WSTRF) announced the outcomes of its Annual General and Special Meeting held on June 27, 2024, in Montrose, Colorado. Proxy votes represented 49% of the issued shares. All proposals, as outlined in the management information circular from May 21, 2024, were approved.

The board size increased from three to four directors, with George Glasier, Bryan Murphy, Andrew Wilder, and Michael Skutezky elected. MNP LLP was re-appointed as the company's auditor, and the board was authorized to set their remuneration.

Management re-appointments include George Glasier as President and CEO, Robert Klein as CFO, Michael Rutter as COO, and Denis Frawley as Corporate Secretary. Bryan Murphy remains Chairman of the Board, and Andrew Wilder continues as Chairman of the Audit Committee, which now includes Michael Skutezky.

Positive

• Increase in board size from three to four directors, potentially enhancing governance.
• Approval of all matters proposed in the management information circular.
• Re-appointment of experienced management team members, ensuring continuity.

Negative

• Proxy votes represented only 49% of the issued and outstanding common shares, indicating a moderate level of shareholder engagement.

June 28, 2024

Toronto, Ontario and Nucla, Colorado, June 28, 2024 (GLOBE NEWSWIRE) --  Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the ”Company”) is pleased to announce the results of the Company’s Annual General and Special Meeting of shareholders (the “Meeting”) held in Montrose, Colorado on June 27, 2024.

Proxy votes were cast for common shares representing approximately 49.0% of the issued and outstanding common shares of the Company as at the record date for the Meeting. Each of the matters put forward before shareholders for consideration and approval at the Meeting, as described in the Company's management information circular dated May 21, 2024, was duly approved by the requisite number of votes.

Changes to Board Size
At the Meeting, the increase in the size of the board from three (3) to four (4) directors and authorization of the board of the Corporation to determine the number of directors from time to time was approved.

Election of Directors
At the Meeting, the shareholders elected all of the directors proposed by management of the Company, namely, George Glasier, Bryan Murphy, Andrew Wilder and Michael Skutezky.

Appointment of Auditor
The shareholders re-appointed MNP LLP as auditor of the Company for the ensuing year and authorized the board of the Company to fix the remuneration of the auditors.

Re-appointments
Subsequent to the Meeting, the following management re-appointments were confirmed for the ensuing year: George Glasier, President and Chief Executive Officer; Robert Klein, Chief Financial Officer; Michael Rutter, Chief Operating Officer; and Denis Frawley, Corporate Secretary.

The newly-elected Board re-appointed Bryan Murphy as Chairman of the Board and re-appointed Andrew Wilder as Chairman of the Audit Committee. Additionally, the expanded board size has allowed for newly-elected director Michael Skutezky to be added to the Audit Committee to replace George Glasier. Following best practice, this committee is now comprised of three independent directors.

About Western Uranium & Vanadium Corp.
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.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

George Glasier	Robert Klein
President and CEO	Chief Financial Officer
970-864-2125	908-872-7686
gglasier@western-uranium.com	rklein@western-uranium.com

                

FAQ

What were the results of the Western Uranium & Vanadium Corp. Annual General and Special Meeting held on June 27, 2024?

All proposals were approved, including the increase in board size to four directors and the re-appointment of MNP LLP as the auditor.

Who were elected as directors of Western Uranium & Vanadium Corp. during the 2024 Annual Meeting?

George Glasier, Bryan Murphy, Andrew Wilder, and Michael Skutezky were elected as directors.

What changes were made to the Audit Committee of Western Uranium & Vanadium Corp.?

Michael Skutezky was added to the Audit Committee, replacing George Glasier, resulting in a committee comprised of three independent directors.

How much shareholder engagement was there in the Western Uranium & Vanadium Corp. 2024 Annual Meeting?

Proxy votes were cast for approximately 49% of the issued and outstanding common shares.

What management re-appointments were confirmed at Western Uranium & Vanadium Corp.'s 2024 Annual Meeting?

George Glasier (President and CEO), Robert Klein (CFO), Michael Rutter (COO), and Denis Frawley (Corporate Secretary) were re-appointed.