Latest news with #GeorgeGlasier
Yahoo
01-07-2025
- Business
- Yahoo
Western Uranium & Vanadium Announces Results of AGM and Appoints New Transfer Agent
Toronto, Ontario and Nucla, Colorado, June 30, 2025 (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 Nucla, Colorado on June 27, 2025. Proxy votes were cast for common shares representing approximately 51% of the issued and outstanding common shares of the Company as at the record date for the Meeting. Each of the other matters put forward before shareholders for consideration and approval at the Meeting, as described in the Company's management information circular dated May 22, 2025, was duly approved by the requisite number of votes. Re-Election of DirectorsAt the Meeting, the shareholders re-elected all of the directors proposed by management of the Company, namely, George Glasier, Bryan Murphy, Andrew Wilder and Michael Skutezky. Re-Appointment of AuditorThe 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-Appointment of OfficersSubsequent 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 the following chairs: Bryan Murphy as Chairman of the Board; Andrew Wilder as Chairman of the Audit Committee; and Michael Skutezky as Chairman of the Governance, Nominating and Compensation Committee. Each of the Audit Committee Governance, and the Governance, Nominating and Compensation Committee are comprised of three independent directors, namely Bryan Murphy, Andrew Wilder, and Michael Skutezky. Appointment of New Transfer AgentWestern's announces that it has appointed Odyssey Trust Company ("Odyssey") as the registrar and transfer agent for the Company's common shares replacing Capital Transfer Agency ULC ('CTA'). There was no change to the CUSIP number of Western's common sharesas a result of the change of registrar and transfer agent. Going forward, inquiries and correspondence relating to shareholders' records should be directed to Odyssey at In addition, Odyssey has replaced CTA as rights agent under the shareholder rights plan agreement of the Company dated May 24, 2023. Shareholders need not take action in respect of the change in transfer agent and rights Western Uranium & Vanadium 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 Mustang Mineral Processing Site is being licensed and developed for mined material recovery and will incorporate kinetic separation to optimize economics. 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 and/or 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 GlasierPresident and CEO 970-864-2125gglasier@ Robert KleinChief Financial Officer908-872-7686rklein@
Hamilton Spectator
13-06-2025
- Business
- Hamilton Spectator
Western Uranium & Vanadium Closes Bought Deal Financing of CAD $5 Million
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Toronto, Ontario and Nucla, Colorado, June 13, 2025 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) ('Western' or the 'Company') is pleased to announce the closing of its bought deal private placement financing, which was previously announced in the Company's news release issued on June 10, 2025. Pursuant to the financing, Western issued a total of 5,911,786 units at a price of CAD $0.85 per unit (each, a 'Unit') for aggregate gross proceeds of approximately CAD $5,025,018 (the 'Offering') with each Unit being comprised of one common share (each, a 'Share') and one common share purchase warrant (each, a 'Warrant'). Each Warrant is exercisable for one Share of the Company at a price of CAD $1.05 per Share, for a period of four (4) years from the date of its issuance. A total of 5,911,786 Shares and 5,911,786 Warrants were issued in the Offering. The Company intends to use the net proceeds of the Offering for the expansion of the production capability and mining at the Sunday Mine Complex, licensing and development of minerals processing facilities, baseline data collection and permitting of the San Rafael Project, acquisition of uranium/vanadium properties in close proximity to Western's production centers, purchase of additional mining equipment and for general working capital purposes. The Units were issued to investors who are residents in the United States pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act'), and were also issued in such other jurisdictions outside of Canada pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada ('Rule 72-503'). The Units issued to investors outside Canada pursuant to Rule 72-503 are not subject to any statutory hold period under applicable Canadian securities laws. No Units were issued to investors in Canada. The CEO and President of Western, George Glasier, participated in the Offering by subscribing for a total of 117,647 Units. Mr. Glasier's participation is considered a 'related-party transaction' within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101'). Western relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that Mr. Glasier's participation in the Offering did not exceed 25% of the fair market value of the Company's market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Offering as the details of the participation therein by related parties of the Company were not settled until shortly prior to closing of the Offering and the Company closed the Offering on an expedited basis for sound business reasons. In connection with the Offering, Western entered into an underwriting agreement with A.G.P. Canada Investment ULC (the 'Underwriter') pursuant to which the Underwriter acted as the sole underwriter and bookrunner for the Company. The Underwriter received a fee comprised of a cash commission of 7% on the aggregate proceeds from Units and 206,913 broker warrants which are subject to a four-month statutory hold from the date of their issuance. A.G.P./Alliance Global Partners acted as sole U.S. placement agent for the Offering. Closing of the Offering was subject to certain conditions and receipt of all necessary approvals, and is subject to compliance with post-closing requirements of the Canadian Securities Exchange ('CSE'). The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and accordingly, may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. 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 Mustang Mineral Processing Site is being licensed and developed for mined material recovery and will incorporate kinetic separation to optimize economics. 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 use of funds of 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 and/or , 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@ Robert Klein Chief Financial Officer 908-872-7686 rklein@ The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.
Yahoo
13-06-2025
- Business
- Yahoo
Western Uranium & Vanadium Closes Bought Deal Financing of CAD $5 Million
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Toronto, Ontario and Nucla, Colorado, June 13, 2025 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) ('Western' or the 'Company') is pleased to announce the closing of its bought deal private placement financing, which was previously announced in the Company's news release issued on June 10, 2025. Pursuant to the financing, Western issued a total of 5,911,786 units at a price of CAD $0.85 per unit (each, a 'Unit') for aggregate gross proceeds of approximately CAD $5,025,018 (the 'Offering') with each Unit being comprised of one common share (each, a 'Share') and one common share purchase warrant (each, a 'Warrant'). Each Warrant is exercisable for one Share of the Company at a price of CAD $1.05 per Share, for a period of four (4) years from the date of its issuance. A total of 5,911,786 Shares and 5,911,786 Warrants were issued in the Offering. The Company intends to use the net proceeds of the Offering for the expansion of the production capability and mining at the Sunday Mine Complex, licensing and development of minerals processing facilities, baseline data collection and permitting of the San Rafael Project, acquisition of uranium/vanadium properties in close proximity to Western's production centers, purchase of additional mining equipment and for general working capital purposes. The Units were issued to investors who are residents in the United States pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and were also issued in such other jurisdictions outside of Canada pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada ('Rule 72-503'). The Units issued to investors outside Canada pursuant to Rule 72-503 are not subject to any statutory hold period under applicable Canadian securities laws. No Units were issued to investors in Canada. The CEO and President of Western, George Glasier, participated in the Offering by subscribing for a total of 117,647 Units. Mr. Glasier's participation is considered a 'related-party transaction' within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101'). Western relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that Mr. Glasier's participation in the Offering did not exceed 25% of the fair market value of the Company's market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Offering as the details of the participation therein by related parties of the Company were not settled until shortly prior to closing of the Offering and the Company closed the Offering on an expedited basis for sound business reasons. In connection with the Offering, Western entered into an underwriting agreement with A.G.P. Canada Investment ULC (the 'Underwriter') pursuant to which the Underwriter acted as the sole underwriter and bookrunner for the Company. The Underwriter received a fee comprised of a cash commission of 7% on the aggregate proceeds from Units and 206,913 broker warrants which are subject to a four-month statutory hold from the date of their issuance. A.G.P./Alliance Global Partners acted as sole U.S. placement agent for the Offering. Closing of the Offering was subject to certain conditions and receipt of all necessary approvals, and is subject to compliance with post-closing requirements of the Canadian Securities Exchange ('CSE'). The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and accordingly, may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. 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 Mustang Mineral Processing Site is being licensed and developed for mined material recovery and will incorporate kinetic separation to optimize economics. 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 use of funds of 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 and/or 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@ Robert KleinChief Financial Officer908-872-7686rklein@ The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-02-2025
- Business
- Yahoo
Western Uranium & Vanadium Advances Mustang Mineral Processing Site to Bolster Regional Production
Toronto, Ontario and Nucla, Colorado, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) ('Western' or the 'Company') is pleased to provide an update of its operational strategy and ongoing developments at the Mustang Mineral Processing Site and Maverick Minerals Processing Site, positioning the Company as a key player in the regional uranium and vanadium processing sector. In October 2024, Western successfully acquired the Mustang Mineral Processing Site (formerly the Pinon Ridge Mill Site), a move that significantly enhances the Company's capabilities and processing infrastructure. The acquisition includes all historical data and equipment utilized for the site's previous successful licensing application. The Colorado Department of Public Health and Environment (CDPHE) has issued a license for this facility twice, underscoring the site's compliance with stringent regulatory requirements. This site is located approximately 25 miles from Western's Sunday Mine Complex mining operations in Colorado. The Mustang Mineral Processing Site boasts significant infrastructure already in place to support long-term operations. Key features include: Water Resources: Nine monitoring wells and three production wells are currently installed, ensuring sustainable water management. Power and Access: The site is equipped with power infrastructure and features paved road access and gravel roads on the site, facilitating efficient transportation and logistics. Tailings Capacity: The 880-acre site provides abundant space for tailings disposal to support 40 years of continuous operations. Environmental Monitoring: Meteorological data towers are actively collecting data to confirm and validate previous application findings, ensuring environmental compliance and operational efficiency. In addition to developing the Mustang Mineral Processing Site ('Mustang'), Western is advancing its Maverick Minerals Processing Site ('Maverick') as a key kinetic separation hub. This strategic initiative will enable the processing of regional ore, upgrading lower-grade materials to economic levels for transport from Maverick to the Mustang facility. By optimizing ore grades before transportation, Western enhances the viability of multiple regional mines, further strengthening the uranium and vanadium supply chain. Maverick is located approximately 4 miles from Western's San Rafael Project in Utah. Western's CEO, George Glasier stated 'The acquisition and development of the Mustang Mineral Processing Site is a transformative step for Western, reinforcing our commitment to strengthen the uranium and vanadium industry in the region to meet the growing demand for these critical minerals.' Western Uranium & Vanadium remains focused on executing its strategic initiatives, ensuring sustainable and efficient mineral processing, and advancing projects that enhance shareholder value and domestic industry production. 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 Mustang Mineral Processing Site is being licensed and developed for mined material recovery and will incorporate kinetic separation to optimize economics. 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 and/or 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:Grant Glasier Vice President Marketing and Project Development 303-808-3306grantg@ George Glasier President and CEO 970-864-2125 gglasier@ in to access your portfolio
