Western Uranium & Vanadium Announces CAD $5,000,000 Bought Deal Financing

Core Viewpoint - Western Uranium & Vanadium Corp. plans to raise approximately CAD $5 million through a bought deal private placement financing, with the offering expected to close around June 13, 2025 [1][2]. Group 1: Offering Details - The offering consists of 5,882,374 units priced at CAD $0.85 each, with each unit comprising one common share and one common share purchase warrant, exercisable at CAD $1.05 for four years [1]. - A.G.P. Canada Investments ULC will act as the sole underwriter and bookrunner, with A.G.P./Alliance Global Partners serving as the sole U.S. placement agent [1]. - The offering will be conducted under the accredited investor exemption in Canada and will also be available to U.S. purchasers under certain exemptions from registration requirements [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for expanding production capabilities at the Sunday Mine Complex, developing minerals processing facilities, and acquiring uranium/vanadium properties near existing production centers [3]. Group 3: Related Party Transaction - CEO George Glasier intends to subscribe for 117,647 units, which is classified as a related-party transaction under Multilateral Instrument 61-101 [2]. - The company will rely on exemptions from formal valuation and minority shareholder approval requirements, as Glasier's participation will not exceed 25% of the company's market capitalization [2]. Group 4: Company Overview - Western Uranium & Vanadium Corp. is focused on ramping up high-grade uranium and vanadium production at its Sunday Mine Complex, with additional projects in Colorado and Utah [8]. - The Mustang Mineral Processing Site is being developed to optimize the recovery of mined materials [8].