Western Uranium & Vanadium Provides Company Update
Western Uranium & Vanadium Corp. (WSTRF) has provided several company updates. Michael Skutezky, with over 40 years of experience in the resource sector, was elected as a new independent director and granted 100,000 stock options. At the Sunday Mine Complex, mining teams are advancing a 2,700-foot drift towards the Leonard & Clark deposit, with 454 feet developed so far. The underground drilling program has completed 12,339 linear feet in Q2.
The company is also developing the San Rafael Uranium Project in Utah as its second production facility. Western has submitted a Notice of Intent to the BLM and expects approval for mineral and groundwater exploration within 30 days. A phase 1 drilling program is planned for 2024, including the installation of groundwater monitoring wells and assessment of mineralization against historical data.
Western Uranium & Vanadium Corp. (WSTRF) ha fornito diversi aggiornamenti aziendali. Michael Skutezky, con oltre 40 anni di esperienza nel settore delle risorse, è stato eletto nuovo direttore indipendente e ha ricevuto 100.000 opzioni su azioni. Presso il Sunday Mine Complex, i team di estrazione stanno avanzando un tunnel di 2.700 piedi verso il deposito di Leonard & Clark, avendo sviluppato finora 454 piedi. Il programma di perforazione sotterranea ha completato 12.339 piedi lineari nel secondo trimestre.
L'azienda sta anche sviluppando il San Rafael Uranium Project in Utah come seconda struttura di produzione. Western ha presentato una Notifica di Intento al BLM e si aspetta l'approvazione per l'esplorazione mineraria e delle acque sotterranee entro 30 giorni. È previsto un programma di perforazione di fase 1 per il 2024, che include l'installazione di pozzi di monitoraggio delle acque sotterranee e la valutazione della mineralizzazione rispetto ai dati storici.
Western Uranium & Vanadium Corp. (WSTRF) ha proporcionado varias actualizaciones de la empresa. Michael Skutezky, con más de 40 años de experiencia en el sector de recursos, fue elegido como nuevo director independiente y se le otorgaron 100,000 opciones sobre acciones. En el Sunday Mine Complex, los equipos de minería están avanzando un túnel de 2,700 pies hacia el depósito de Leonard & Clark, habiendo desarrollado hasta ahora 454 pies. El programa de perforación subterránea ha completado 12,339 pies lineales en el segundo trimestre.
La compañía también está desarrollando el San Rafael Uranium Project en Utah como su segunda instalación de producción. Western ha presentado un Aviso de Intención al BLM y espera la aprobación para la exploración mineral y de aguas subterráneas dentro de 30 días. Se planea un programa de perforación de fase 1 para 2024, que incluye la instalación de pozos de monitoreo de aguas subterráneas y la evaluación de la mineralización en comparación con datos históricos.
웨스턴 우라늄 & 바나듐 코퍼레이션(WSTRF)은 여러 회사 업데이트를 제공했습니다. 마이클 스쿠테츠키는 자원 부문에서 40년 이상의 경험을 가진 새로운 독립 이사로 선출되었으며 100,000주식 옵션을 부여받았습니다. 선데이 마인 콤플렉스에서 채굴 팀은 레너드 & 클락 매장지 쪽으로 2,700피트의 터널을 진행하고 있으며 현재까지 454피트를 개발했습니다. 지하 굴착 프로그램은 2분기 동안 12,339선형 피트를 완료했습니다.
회사는 또한 유타주에 두 번째 생산 시설로 산 라파엘 우라늄 프로젝트를 개발하고 있습니다. 웨스턴은 BLM에 의향서를 제출했으며 광물 및 지하수 탐사 승인까지 30일 정도 소요될 것으로 예상하고 있습니다. 2024년에는 지하수 모니터링 우물 설치와 과거 데이터에 대한 광물화 평가를 포함한 1단계 굴착 프로그램이 계획되어 있습니다.
Western Uranium & Vanadium Corp. (WSTRF) a fourni plusieurs mises à jour de l'entreprise. Michael Skutezky, fort de plus de 40 ans d'expérience dans le secteur des ressources, a été élu nouveau directeur indépendant et a reçu 100 000 options d'actions. Au Sunday Mine Complex, les équipes de minage avancent un tunnel de 2 700 pieds vers le gisement Leonard & Clark, avec 454 pieds développés jusqu'à présent. Le programme de forage souterrain a complété 12 339 pieds linéaires au deuxième trimestre.
L'entreprise développe également le San Rafael Uranium Project dans l'Utah comme sa deuxième installation de production. Western a soumis un Avis d'intention au BLM et s'attend à une approbation pour l'exploration des minéraux et des eaux souterraines dans les 30 jours. Un programme de forage de phase 1 est prévu pour 2024, comprenant l'installation de puits de surveillance des eaux souterraines et l'évaluation de la minéralisation par rapport aux données historiques.
Western Uranium & Vanadium Corp. (WSTRF) hat mehrere Unternehmensaktualisierungen bereitgestellt. Michael Skutezky, der über 40 Jahre Erfahrung im Rohstoffsektor verfügt, wurde als neuer unabhängiger Direktor gewählt und erhielt 100.000 Aktienoptionen. Im Sunday Mine Complex arbeiten die Bergbauteams an einem 2.700 Fuß langen Stollen in Richtung des Leonard & Clark Deposits, wobei bisher 454 Fuß entwickelt wurden. Das unterirdische Bohrprogramm hat im zweiten Quartal 12.339 Fuß linear abgeschlossen.
Das Unternehmen entwickelt auch das San Rafael Uranium Project in Utah als seine zweite Produktionsstätte. Western hat eine Absichtserklärung an das BLM eingereicht und erwartet innerhalb von 30 Tagen die Genehmigung zur Erkundung von Mineralien und Grundwasser. Ein Bohrprogramm der Phase 1 ist für 2024 geplant, einschließlich der Installation von Grundwassermonitoring-Brunnen und der Bewertung der Mineralisierung anhand historischer Daten.
- Election of Michael Skutezky as a new independent director with extensive industry experience
- Progress in Sunday Mine Complex with 454 feet of drift development and 12,339 linear feet of underground drilling
- Advancement of San Rafael Uranium Project as a second production facility
- Submission of Notice of Intent for San Rafael Project with expected approval within 30 days
- None.
Toronto, Ontario and Nucla, Colorado, July 22, 2024 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the ”Company”) is pleased provide the following updates.
New Director Election and Incentive Stock Option Grant
Michael Skutezky was recently elected as a new director at the Company’s Annual General and Special Meeting of Shareholders. In light of the significant improvements in uranium markets over the past year, the development of Western’s mining operations, and substantial advancements in our projects, the Company also sought to enhance its governance. To achieve this, we expanded our board of directors, adding an independent director with a complementary skill set and extensive expertise in the uranium industry.
Mr. Skutezky brings over 40 years of experience as an officer, counsel, and director of private and public resource sector companies, including several uranium and critical materials issuers. Previously, he served as Assistant General Counsel of the Royal Bank, where he specialized in international and Canadian project financing.
Following his election as a director, Michael has been granted 100,000 stock options ("Options") to purchase common shares under the Company’s Incentive Stock Option Plan. The Options were granted on July 14, 2024, and with the exercise price being set at CAD
Sunday Mine Complex Mining Operations
The mining teams are currently advancing the approximately 2,700-foot drift toward the Leonard & Clark deposit. To date, a total of 454 feet has been developed, including 362 feet of ramp footage. During the second quarter, the underground horizontal drilling program has achieved 12,339 linear feet of drilling.
San Rafael Uranium Project
The San Rafael Uranium Project, located in Emery County, Utah, is being developed as the Company's second production facility. Western has submitted a Notice of Intent to the U.S. Bureau of Land Management (BLM) and anticipates approval for this mineral and groundwater exploration project within approximately 30 days. The phase 1 drilling program is set to begin in 2024, following the completion of repairs to access roads. Initially, groundwater monitoring wells will be installed at five drilling locations, reaching depths of approximately 1,000 feet. During the borehole completion process, mineralization will also be assessed and confirmed against historical drill data. This project will provide the baseline data needed for permitting application submission.
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.
Cautionary Note Regarding Forward-Looking Information: Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws (collectively, “forward-looking statements”). Statements of that nature include statements relating to, or that are dependent upon: the Company’s expectations, estimates and projections regarding the Offering and exploration and production plans and results; the timing of planned activities; whether the Company can raise any additional funds required to implement its plans; whether regulatory or analogous requirements can be satisfied to permit planned activities; and more generally to the Company’s business, and the economic and political environment applicable to its operations, assets and plans. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the Company’s ability to control or predict. Please refer to the Company’s most recent Management’s Discussion and Analysis, as well as its other filings at www.sec.gov and/or www.sedarplus.com, for a more detailed review of those risk factors. Readers are cautioned not to place undue reliance on the Company’s forward-looking statements, and that these statements are made as of the date hereof. While the Company may do so, it does not undertake any obligation to update these forward-looking statements at any particular time, except as and to the extent required under applicable laws and regulations.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
George Glasier
President and CEO
970-864-2125
gglasier@western-uranium.com
Robert Klein
Chief Financial Officer
908-872-7686
rklein@western-uranium.com
FAQ
What progress has Western Uranium & Vanadium (WSTRF) made at the Sunday Mine Complex?
What are Western Uranium & Vanadium's (WSTRF) plans for the San Rafael Uranium Project?
Who is the new director elected to Western Uranium & Vanadium's (WSTRF) board?
