- Western Uranium & Vanadium Corp. completed a private placement on **October 14, 2025**, raising approximately **CAD$5,900,000** by issuing **6,555,556 units** at **CAD$0.90 per unit**.  **[1621906_0001213900-25-102275_ea0262517-8k_western.htm:1]** **[1621906_0001213900-25-102275_ea026251701ex99-1_western.htm:1]** 
- Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to purchase an additional share at **CAD$1.20** for a period of **four and a half years**.  **[1621906_0001213900-25-102275_ea0262517-8k_western.htm:1]** **[1621906_0001213900-25-102275_ea026251701ex99-1_western.htm:1]** 
- The net proceeds from the offering are designated for permitting the Mustang Mineral Processing Plant, drilling and permitting for the San Rafael Uranium Project, mine development and maintenance, permitting and baseline data collection for the Topaz Mine, and general corporate working capital.  **[1621906_0001213900-25-102275_ea026251701ex99-1_western.htm:1]** 
- A.G.P. Canada Investments ULC, acting as the sole underwriter, received a **7% cash commission** (approximately **CAD$413,000**) and **229,444 broker warrants**.  **[1621906_0001213900-25-102275_ea0262517-8k_western.htm:1]** **[1621906_0001213900-25-102275_ea026251701ex99-1_western.htm:1]**

Western Uranium & Vanadium Corp. Closes CAD$5.9 Million Private Placement

- Western Uranium & Vanadium Corp. has increased its previously announced brokered listed issuer financing exemption (LIFE) offering from Cdn$5,000,000 to **Cdn$5,900,000**.  **[1621906_085c65fcca354cc18a1f9fe40f34ff92_0]** 
- The offering involves the issuance of **6,555,556 units** at a price of **$0.90 per unit**, with each unit comprising one common share and one common share purchase warrant exercisable at **Cdn$1.20 per share** for four and a half years.  **[1621906_085c65fcca354cc18a1f9fe40f34ff92_0]** 
- **A.G.P. Canada Investments ULC** is serving as the sole underwriter and bookrunner for the offering.  **[1621906_085c65fcca354cc18a1f9fe40f34ff92_0]** 
- The net proceeds from the offering are designated for permitting the Mustang Mineral Processing Plant, drilling, monitoring, and permitting for the San Rafael Uranium Project, mine development and maintenance, permitting and baseline data collection for the Topaz Mine, and general corporate working capital.  **[1621906_085c65fcca354cc18a1f9fe40f34ff92_0]**

Western Uranium & Vanadium increases brokered LIFE financing to Cdn$5.9 million

- Western Uranium & Vanadium Corp. has entered into an engagement agreement with A.G.P. Canada Investments ULC to act as sole underwriter for a bought deal private placement financing of approximately **Cdn$5,000,000**.  **[1621906_92ccc5b9d1634ecca8d2ea2079f7ff08_0]** 
- The offering consists of **5,555,556 units** at a price of **Cdn$0.90** per unit.  **[1621906_92ccc5b9d1634ecca8d2ea2079f7ff08_0]** 
- Each unit will be comprised of **one common share and one common share purchase warrant**, with each warrant exercisable at **Cdn$1.20** per share for a period of four and a half years.  **[1621906_92ccc5b9d1634ecca8d2ea2079f7ff08_0]** 
- The net proceeds from the offering will be used for permitting the Mustang Mineral Processing Plant, drilling, monitoring and permitting for the San Rafael Uranium Project, mine development and maintenance, permitting and baseline data collection for the Topaz Mine, and general corporate working capital purposes.  **[1621906_92ccc5b9d1634ecca8d2ea2079f7ff08_0]**

Western Uranium & Vanadium Announces Cdn$5 Million Private Placement

- Western Uranium & Vanadium Corp. has entered into a definitive agreement to acquire a **50% ownership interest** in a package of unpatented mineral lode claims for **US$250,000**, with the transaction anticipated to close in **October 2025**.  **[1621906_f88853c8e29049eb8a9a50b70bebc078_0]** 
- The acquired property, approximately **240 acres** in Montrose County, Colorado, is strategically located less than **10 miles** from the proposed Mustang Mineral Processing Plant site.  **[1621906_f88853c8e29049eb8a9a50b70bebc078_0]** 
- The company has also staked an additional **500 acres** of mining claims surrounding the property for exploration potential.  **[1621906_f88853c8e29049eb8a9a50b70bebc078_0]** 
- Western's CEO, George Glasier, holds the remaining 50% interest in the property and has indicated his willingness to make his personal interest available to the Company, which would qualify as a **related-party transaction**.  **[1621906_f88853c8e29049eb8a9a50b70bebc078_0]**

Western Uranium & Vanadium (WSTRF)