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Blue Sky Completes Geophysical Survey at Amarillo Grande Uranium Project & Identifies Anomaly at Ivana Gap Target for Drill Testing
Prnewswire· 2025-10-16 11:00
Core Insights - Blue Sky Uranium Corp. has completed an induced polarization geophysical survey at the Ivana Gap target, which is part of the Amarillo Grande Uranium-Vanadium Project in Argentina, indicating potential for mineralization [1][2][3] Geophysical Survey Results - The survey identified a 1,400-metre wide chargeability anomaly at a depth of 30 to 60 metres, suggesting a continuous redox front trend linking the Ivana Deposit and Ivana Central target [2][3] - The anomaly is interpreted to indicate the northerly extension of the REDOX front trend related to the Ivana Uranium-Vanadium deposit, highlighting Ivana Gap as a key area for further exploration [2][3] Future Exploration Plans - The results from the ET survey will guide the upcoming diamond drill program, which is scheduled to commence in the fourth quarter of 2025 [3][4] - The objective of the drilling is to trace the subsurface extent of the organic-rich sandstone/REDOX front between the Ivana Deposit and Ivana Central target [3] Joint Venture and Funding - The geophysical and drilling programs are funded by Ivana Minerales S.A., the joint venture company established to advance the Ivana Uranium-Vanadium Project [4] - Under the terms of the agreement, Ivana Minerales S.A. has the option to acquire up to a 100% interest in certain exploration targets at Amarillo Grande, subject to specific funding obligations [4][9] Technical Details of the Survey - The ET survey was conducted using a pole-dipole array with 15 m electrode spacing, covering a single 5-kilometre line [5][6] - The survey results show a broad chargeability anomaly interpreted as the REDOX front horizon signature, with additional smaller anomalies observed [6][7]
Western Uranium & Vanadium Closes Brokered LIFE Financing of $5.9 Million
Globenewswire· 2025-10-14 22:40
Core Viewpoint - Western Uranium & Vanadium Corp. has successfully closed a bought deal private placement financing, raising approximately Cdn$5,900,000 through the issuance of 6,555,556 units at Cdn$0.90 per unit, each unit consisting of one common share and one warrant [1][2]. Financing Details - The financing involved the issuance of units, with each unit priced at Cdn$0.90, resulting in total gross proceeds of about Cdn$5,900,000 [1]. - Each warrant is exercisable for one common share at a price of Cdn$1.20 for a period of four and a half years from issuance [1]. - The net proceeds will be allocated to various projects, including permitting for the Mustang Mineral Processing Plant, drilling for the San Rafael Uranium Project, and general corporate working capital [2]. Underwriting and Regulatory Information - The offering was underwritten by A.G.P. Canada Investments ULC, which received a 7% cash commission on the proceeds and 229,444 broker warrants, subject to a four-month hold period [4]. - The offering was conducted under the listed issuer financing exemption, allowing the shares and warrants to be offered without a statutory hold period in Canada, except Québec [3]. Company Overview - Western Uranium & Vanadium Corp. is focused on developing high-grade uranium and vanadium production, with ongoing projects in Colorado and Utah [6]. - The company is currently licensing and developing the Mustang Mineral Processing Plant and holds several resource properties, including the Sunday Mine Complex [6].
Western Uranium & Vanadium Closes Brokered LIFE Financing of $5.9 Million
Globenewswire· 2025-10-14 22:40
Core Viewpoint - Western Uranium & Vanadium Corp. has successfully closed a bought deal private placement financing, raising approximately Cdn$5,900,000 through the issuance of 6,555,556 units at Cdn$0.90 per unit, each unit consisting of one common share and one warrant [1][2]. Financing Details - The financing involved the issuance of units, with each unit priced at Cdn$0.90, leading to total gross proceeds of about Cdn$5,900,000 [1]. - Each warrant is exercisable for one common share at a price of Cdn$1.20 for a period of four and a half years from issuance [1]. Use of Proceeds - The net proceeds from the offering will be allocated to several key areas: - Permitting of Mustang Mineral Processing Plant - Drilling, monitoring, and permitting for the San Rafael Uranium Project - Mine development and maintenance across the production portfolio - Permitting and baseline data collection for Topaz Mine - General corporate working capital purposes, including administrative costs [2]. Regulatory and Underwriting Information - The offering was conducted under the listed issuer financing exemption (LIFE) and is not subject to any statutory hold period under Canadian securities laws [3]. - An underwriting agreement was established with A.G.P. Canada Investments ULC, which acted as the sole underwriter and bookrunner, receiving a 7% cash commission and 229,444 broker warrants [4]. Company Overview - Western Uranium & Vanadium Corp. is focused on developing high-grade uranium and vanadium production, with ongoing projects including the Mustang Mineral Processing Plant and the Sunday Mine Complex [6]. - The company is actively pursuing additional opportunities to acquire and develop properties near its processing plant site [6].
Western Uranium & Vanadium Corp. Announces Closing of Mineral Lode Claims Acquisition
Globenewswire· 2025-10-14 12:37
Core Insights - Western Uranium & Vanadium Corp. has successfully closed the acquisition of unpatented mineral lode claims, enhancing its portfolio in uranium and vanadium assets [1][2][3] Acquisition Details - The acquired claims include a drilled-out uranium-vanadium deposit, granting Western a 50% ownership interest in the area covered by historic drilling, which strengthens its production pipeline [2][3] - The new resource property is named the Uranium Ridge Project, which combines the surrounding claims with previously drilled Baboon Basin and Sawtooth claims, indicating significant exploration potential [3] Strategic Advantages - The newly acquired claims are located near the proposed Mustang Mineral Processing Plant site, which is expected to reduce haulage costs and improve logistics, thereby increasing shareholder value [4] - The Mustang site is being developed as a key regional processing hub, previously licensed by the Colorado Department of Public Health and Environment [4] Company Vision - The CEO of Western emphasizes the acquisition as a demonstration of the company's commitment to expanding its strategic footprint in uranium-rich districts, aiming to meet the rising demand for nuclear fuel [5] - Western is focused on developing high-grade uranium and vanadium production, with ongoing licensing and development of the Mustang Mineral Processing Plant [5]
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]
Western Uranium & Vanadium Announces Brokered LIFE Financing of $5 Million
Globenewswire· 2025-10-09 03:13
Core Viewpoint - Western Uranium & Vanadium Corp. has announced a bought deal private placement financing to raise approximately Cdn$5,000,000 through the issuance of 5,555,556 units at a price of Cdn$0.90 per unit [1] Group 1: Offering Details - Each unit in the offering consists of one common share and one common share purchase warrant, with the warrant exercisable at a price of Cdn$1.20 for a period of four and a half years [1] - The offering will be conducted under the listed issuer financing exemption (LIFE) in all provinces of Canada except Québec, and in certain other jurisdictions [2] - The closing of the offering is subject to necessary approvals, including compliance with Canadian Securities Exchange (CSE) requirements [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for various purposes, including: - Permitting of Mustang Mineral Processing Plant - Drilling, monitoring, and permitting for the San Rafael Uranium Project - Mine development and maintenance across the production portfolio - Permitting and baseline data collection for Topaz Mine - General corporate working capital, including administrative costs [4] 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 currently licensing and developing the Mustang Mineral Processing Plant, which may utilize kinetic separation to enhance economic efficiency [7] - Western holds several resource properties, including the Sunday Mine Complex, its flagship property located in the Uravan Mineral Belt [7]
Anfield Provides Positive Update Regarding its Confirmation Drill Program at Its JD-7 Mine
Globenewswire· 2025-09-30 11:00
Core Insights - Anfield Energy Inc. has completed the first 12 holes of its 20-hole, 8,000-foot confirmation drill program at the JD-7 mine, focusing on uranium and vanadium resources [1][2][5] - The drill program aims to collect geological information, confirm existing resources, and explore potential resource expansion [1][2] - Initial results show significant mineralization, with 10 out of 12 holes exceeding the minimum cutoff grade of 200 ppm eU3O8 [6][7] Drilling Program Details - The drilling commenced on September 15, 2025, and has yielded encouraging results, with gamma ray logging indicating elevated uranium levels [5][6] - Significant intercepts include: - Hole JD7-25-004B: 17.0 ft grading 5,190 ppm (0.519%) eU3O8 with a peak of 14,850 ppm (1.485%) at 153.5 ft - Hole JD7-25-005: 19.0 ft grading 2,380 ppm (0.238%) eU3O8 with a peak of 9,240 ppm (0.924%) at 170.0 ft - Hole JD7-25-012: 17.0 ft grading 1,620 ppm (0.162%) eU3O8 with a peak of 5,990 ppm (0.599%) at 185.0 ft [5][6][7] Resource Confirmation and Expansion - The results indicate robust uranium mineralization across targeted areas, with seven holes showing a Grade Thickness (GT) over 0.5, suggesting high-potential zones [7] - The drilling program is designed to delineate the outer boundaries of the mineralized resource, providing valuable data for refining resource models and future mine planning [7][14] Future Plans - Anfield's CEO expressed optimism regarding the interim drill results, which align with the company's strategy to advance its uranium and vanadium projects toward production [2][14] - The remaining holes are expected to be completed in the coming weeks, with full results to inform future development plans, including integration into Anfield's hub-and-spoke production model centered around the Shootaring Canyon Mill in Utah [2][14] Laboratory Analysis - Two drill holes were completed with cored intervals to obtain physical samples, which will be analyzed by Pace Analytical and Hazen Research to determine uranium and vanadium content [13][14] - The analysis aims to validate gamma ray logging results and refine resource estimates for the JD-7 lease [13][14]
Anfield Receives Approval to List on NASDAQ
Globenewswire· 2025-09-17 11:00
Group 1 - Anfield Energy Inc. has received approval to list its common shares on The Nasdaq Capital Market, with trading expected to commence on September 18, 2025, under the symbol "AEC" [1][5] - The listing on NASDAQ is seen as a significant milestone for Anfield, enhancing its profile in the U.S. and providing greater visibility to a broader investor base [2][3] - Anfield holds extensive uranium and vanadium assets in the U.S., including the Shootaring Canyon mill, and is pursuing various production scenarios [3][4] Group 2 - The company is ramping up staffing in Colorado and Utah to advance multiple production-related initiatives, including mine construction at Velvet-Wood and a Q3 drill program at the JD-7 mine [4] - Anfield is committed to a hub-and-spoke production strategy, with 25 mining projects in its portfolio aimed at building a sustainable production pipeline [4] - Existing shareholders will be able to trade the shares on NASDAQ following the completion of the listing [4]
Anfield To Commence Confirmation Drill Program at Its JD-7 Mine
Globenewswire· 2025-08-25 11:00
Core Viewpoint - Anfield Energy Inc. has received approval for a drilling program at its JD-7 open pit mine in Colorado, which is part of its strategy to enhance uranium and vanadium resource exploration and production capabilities [1][2][4]. Group 1: Drilling Program Details - The company plans to conduct a 20-hole, 8,000-foot rotary drill program at the JD-7 mine, with drilling expected to start in mid-September and take about two weeks to complete [1]. - The objectives of the drilling program include collecting geological information on uranium mineralization, confirming existing pit resources, and assessing the potential for resource expansion [1]. Group 2: Strategic Developments - Anfield's CEO highlighted the significance of the drill program approval coinciding with the company's upcoming Nasdaq listing and its ongoing efforts to finalize a reactivation plan for the Shootaring mill in Utah [2]. - The proposed amendment to the radioactive materials license aims to increase mill throughput and annual production capacity, facilitating a hub-and-spoke production model for uranium and vanadium [2]. Group 3: Project Pipeline and Future Outlook - The company is advancing its pipeline of uranium and vanadium projects, including the Velvet-Wood mine and the Slick Rock mine, in anticipation of a mill restart in 2027 [3]. - Anfield is encouraged by the U.S. Department of Energy's initiatives to enhance domestic uranium supply chain capacity, which aligns with the company's production goals [4]. Group 4: Historical Production and Resource Estimates - Historical production data for the JD-7 mine indicates a total of 12,441 tons with a uranium grade of 0.186% and vanadium grade of 0.504%, resulting in contained uranium of 46,280 lbs and contained vanadium of 125,410 lbs [6]. - Current mineral resource estimates for the JD-7 mine show 865,000 tons with an indicated uranium grade of 0.196% and vanadium grade of 0.98%, translating to contained uranium of 3,385,000 lbs and contained vanadium of 16,925,000 lbs [6].
Western Uranium & Vanadium Announces Results of AGM and Appoints New Transfer Agent
Globenewswire· 2025-07-01 00:30
Core Viewpoint - Western Uranium & Vanadium Corp. held its Annual General and Special Meeting on June 27, 2025, where shareholders approved all proposed matters, including the re-election of directors and the appointment of a new transfer agent [1][2]. Group 1: Meeting Outcomes - Proxy votes were cast for common shares representing approximately 51% of the issued and outstanding shares as of the record date for the Meeting [2]. - Shareholders re-elected all directors proposed by management: George Glasier, Bryan Murphy, Andrew Wilder, and Michael Skutezky [3]. - MNP LLP was re-appointed as the auditor for the ensuing year, with the board authorized to fix the remuneration of the auditors [4]. Group 2: Management and Committee Appointments - Following the Meeting, management re-appointments were confirmed for George Glasier as President and CEO, Robert Klein as CFO, Michael Rutter as COO, and Denis Frawley as Corporate Secretary [5]. - The newly-elected Board re-appointed 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, with each committee comprising three independent directors [6]. Group 3: Transfer Agent Appointment - Western Uranium announced the appointment of Odyssey Trust Company as the new registrar and transfer agent, replacing Capital Transfer Agency ULC, with no change to the CUSIP number of the common shares [7]. - Odyssey also replaced CTA as rights agent under the shareholder rights plan agreement dated May 24, 2023, and shareholders need not take action regarding this change [8]. Group 4: Company Overview - Western Uranium & Vanadium Corp. is increasing high-grade uranium and vanadium production at its Sunday Mine Complex, with additional projects in Colorado and Utah, and is developing the Mustang Mineral Processing Site for mined material recovery [9].