Western Uranium & Vanadium Corp. has announced a bought deal private placement financing of 5,555,556 units at Cdn$0.90 per unit for gross proceeds of approximately Cdn$5,000,000. The Offering includes one common share and one common share purchase warrant per unit, with each warrant exercisable at Cdn$1.20 per share for four and a half years. The securities will be offered in Canada under the LIFE exemption and in the US on a private placement basis, with proceeds to fund various projects and general corporate purposes. The Offering is subject to closing conditions and CSE approval.

The Offering will be underwritten by A.G.P. Canada, with a commission to be paid on proceeds raised. The net proceeds will support the permitting of the Mustang Mineral Processing Plant, drilling for the San Rafael Uranium Project, mine development, and general corporate purposes. The securities have not been registered under the U.S. Securities Act and may not be offered or sold in the US without compliance with registration requirements. Western Uranium & Vanadium Corp. is focused on high-grade uranium and vanadium production, with projects in Colorado and Utah.

Investors are encouraged to review the Offering Document before making an investment decision. The Company’s forward-looking statements are subject to risk factors and uncertainties, with updates provided as required by applicable laws. For additional information, investors can contact President and CEO George Glasier at 970-864-2125 or [email protected], or CFO Robert Klein at 908-872-7686 or [email protected].

Read more at GlobeNewswire: Western Uranium & Vanadium Announces Brokered LIFE