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Western Uranium & Vanadium Announces Upsize of Brokered LIFE Financing to $5.9 Million
Globenewswire·2025-10-10 01:06

Core Viewpoint - Western Uranium & Vanadium Corp. has increased its offering size from Cdn$5,000,000 to Cdn$5,900,000 due to strong investor demand, issuing 6,555,556 units at a price of $0.90 per unit [1] Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with warrants exercisable at Cdn$1.20 per share for four and a half years [1] - A.G.P. Canada Investments ULC is the sole underwriter and bookrunner for the offering [2] - The offering will be conducted under the listed issuer financing exemption (LIFE) in all provinces of Canada except Québec, and in certain other jurisdictions [3] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to various projects, including permitting of the Mustang Mineral Processing Plant, drilling and monitoring for the San Rafael Uranium Project, mine development, and general corporate working capital [5] Group 3: Company Overview - Western Uranium & Vanadium Corp. is focused on developing high-grade uranium and vanadium production, with a production pipeline that includes multiple projects in Colorado and Utah [8] - The company is currently licensing and developing the Mustang Mineral Processing Plant and holds several resource properties, including the Sunday Mine Complex [8]