Western Uranium & Vanadium Announces Normal Course Issuer Bid

Core Viewpoint - Western Uranium & Vanadium Corp. has announced a normal course issuer bid (NCIB) to repurchase up to 6,672,291 common shares, representing approximately 10% of the company's public float, to enhance long-term shareholder value [1][5]. Group 1: NCIB Details - The NCIB will allow the company to purchase shares over a 12-month period starting from December 19, 2025, and ending by December 18, 2026 [2]. - Purchases will be made on the open market at prevailing market prices, and all shares acquired will be cancelled [2][3]. - The company will fund the share purchases with cash on hand, and the timing and amount of purchases will depend on market conditions [3]. Group 2: Shareholder Value and Market Conditions - The Board of Directors believes that the current trading price of the shares does not reflect the company's business value and prospects, making the share buyback a suitable strategy [5]. - The NCIB may impact the anticipated use of funds as described in the LIFE Offering Document dated October 14, 2025, which will be discussed in the Annual Management Discussion and Analysis for the financial year ending December 31, 2025 [5]. Group 3: Company Overview - Western Uranium & Vanadium Corp. is focused on developing high-grade uranium and vanadium production, with ongoing projects in Colorado and Utah [7]. - The company is licensing and developing the Mustang Mineral Processing Plant and holds several resource properties, including the Sunday Mine Complex [7].