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Western Uranium & Vanadium Announces Securities Transactions
Globenewswire· 2026-01-16 22:20
Company Updates - Western Uranium & Vanadium Corp. has provided updates regarding its operations and management activities [1] - CEO George Glasier purchased 100,000 common shares at CA$0.48 per share, increasing his ownership from 6.9% to 7.0% [2] - Glasier's total shareholding, including stock options and warrants, could represent approximately 8.4% of the company's outstanding shares if fully exercised [2] - The increase in share ownership is noted despite a decrease in percentage ownership below 10% due to private placements [2] Stock Options Grant - The company granted 1,350,000 stock options to officers, directors, and employees under its Incentive Stock Option Plan [4] - The exercise price for these options is set at CA$0.90, based on closing prices prior to the grant date [4] - Options will vest in three equal installments on January 31, 2026, July 31, 2026, and January 31, 2027 [4] Company Profile - Western Uranium & Vanadium Corp. is focused on developing high-grade uranium and vanadium production [5] - The company is licensing and developing the Mustang Mineral Processing Plant for material recovery [5] - It holds several resource properties, including the Sunday Mine Complex, and is pursuing additional complementary properties near the processing plant [5]
Anfield Energy Announces $7,000,000 Non-Brokered LIFE Offering of Common Shares and Concurrent $7,000,000 Non-Brokered Private Placement of Subscription Receipts
Globenewswire· 2025-12-24 12:00
Core Viewpoint - Anfield Energy Inc. is conducting a non-brokered private placement offering of up to 1,120,000 common shares at a price of $6.25 per share, aiming for gross proceeds of up to $7,000,000, with a concurrent offering from Uranium Energy Corp. expected to double the total gross proceeds to $14,000,000 [1][2]. Group 1: Offering Details - The LIFE Shares will be issued under the listed issuer financing exemption, allowing for a streamlined process without a prospectus [1]. - Uranium Energy intends to subscribe for the same number of shares in a concurrent offering, which will also generate up to $7,000,000 in gross proceeds [2]. - Each subscription receipt from Uranium Energy will convert into one common share upon meeting specific escrow release conditions by March 31, 2026 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund capital commitments for various projects, including the West Slope Project, Velvet-Wood Project, Slick Rock Project, and Shootaring Canyon Mill, as well as for general corporate purposes and working capital [4]. Group 3: Closing and Regulatory Approvals - The offering is expected to close around December 31, 2025, subject to customary closing conditions and necessary approvals from the TSX Venture Exchange and NASDAQ [5]. - Uranium Energy's participation is classified as a related party transaction, requiring approval from disinterested shareholders, excluding votes from Uranium Energy and its associates [6]. Group 4: Securities Regulations - The LIFE Shares will be offered to Canadian residents in all provinces except Quebec, and to U.S. investors under available exemptions from registration requirements [7]. - The LIFE Shares issued to Canadian subscribers will not have a hold period, while the subscription receipts will be subject to a four-month hold period [8].
Anfield Energy Announces Agreement to Acquire BRS Engineering, Bolstering In-House Technical Expertise for Uranium and Vanadium Projects
Globenewswire· 2025-12-18 12:00
Core Viewpoint - Anfield Energy Inc. has signed a definitive stock purchase agreement to acquire BRS Inc., enhancing its technical capabilities in uranium and vanadium production [1][3]. Acquisition Details - The acquisition involves Douglas L. Beahm, the Chief Operating Officer of Anfield, and is aimed at integrating BRS's expertise into Anfield [1][2]. - BRS has been a key engineering partner for Anfield since 2014, contributing to various technical reports and assessments for Anfield's projects [2]. - The total cash consideration for the acquisition is US$5,000,000, with payments structured over two years [6]. Strategic Benefits - The integration of BRS is expected to streamline project execution, reduce third-party costs, and accelerate uranium production [3][4]. - The acquisition aligns with Anfield's hub-and-spoke strategy centered on the Shootaring Canyon mill, positioning the company as a vertically integrated uranium developer in the U.S. [3]. - BRS will have opportunities to expand its consulting business and create new service lines, potentially leading to geographic expansion within the U.S. [4]. Operational Enhancements - The acquisition provides immediate access to specialized knowledge in uranium and vanadium, enhancing technical depth [7]. - It eliminates delays associated with external engineering consulting and reduces costs for future resource reports and permitting [7]. - The acquisition strengthens Anfield's internal engineering competence, facilitating the advancement of its conventional assets [7].
Stateline Project - Metallurgical collaboration and Targeting Work Advancing
Accessnewswire· 2025-12-08 13:25
Core Insights - Uranium American Resources, Inc. (UAR) is advancing its Stateline Uranium-Vanadium Project, confirming strong historical mineralization with over 60 drillholes reporting uranium grades above 3,000 ppm [3][7] - The company is collaborating with DISA Technologies for preliminary metallurgical test work, which will be conducted at no cost to UAR [5][6][7] Project Update - A significant volume of historic drilling data has been digitized, including assay sheets and geological maps, supporting the project's mineralization potential [3] - Initial mapping has outlined multiple mineralized trends with a 700 ppm UO cut-off, and a distinct northwest target zone has been identified with historic assays reporting up to 0.45% UO and 3.45% VO [4][7] - Field crews will collect additional rock samples during the upcoming field program, building on a previous campaign that yielded assays above 1% uranium and 1% vanadium [4] Collaboration and Testing - The partnership with DISA Technologies aims to evaluate the suitability of their processing technology for the Stateline mineralization [5][6] - DISA will conduct bench-scale testing and non-invasive site surveys, including radiological scanning and mapping, to support the project [5][6] - The metallurgical sampling will run concurrently with UAR's field program, with updates expected as results are available [6][9] Technical Advancements - The company is undertaking sub-meter GPS surveying to confirm historic collar positions and integrating various geological data for improved target mapping [8] - Ongoing data integration efforts are aimed at modernizing the technical foundation of the project, enhancing understanding of its potential [9] - Engagement with external technical groups reflects broad interest in UAR's uranium-vanadium portfolio [10]
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 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 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]