Core Viewpoint - Western Uranium & Vanadium Corp. has successfully closed a bought deal private placement financing, raising approximately CAD $5,025,018 through the issuance of 5,911,786 units at CAD $0.85 per unit, each consisting of one common share and one warrant [1][2]. Group 1: Financing Details - The offering consisted of 5,911,786 units, with each unit priced at CAD $0.85, resulting in total gross proceeds of approximately CAD $5,025,018 [1]. - Each warrant is exercisable for one common share at a price of CAD $1.05 for a period of four years from issuance [1]. - The offering was conducted under exemptions from the registration requirements of the U.S. Securities Act and applicable Canadian securities laws, with no units issued to investors in Canada [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for expanding production capabilities and mining at the Sunday Mine Complex, developing minerals processing facilities, and acquiring uranium/vanadium properties near existing production centers [2]. Group 3: Related Party Transactions - The CEO and President of Western, George Glasier, subscribed for 117,647 units in the offering, which is classified as a related-party transaction [4]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements due to the size of Glasier's participation [4]. Group 4: Underwriting and Fees - Western entered into an underwriting agreement with A.G.P. Canada Investment ULC, which acted as the sole underwriter and bookrunner [5]. - The underwriter received a cash commission of 7% on the aggregate proceeds and 206,913 broker warrants, subject to a four-month hold [5]. Group 5: 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].