Western Uranium closes CAD$596,746 private placement, acquires 125,000 lbs uranium at discount

Western Uranium & Vanadium Corp.

Closed 372,966 units at CAD$1.60/unit; each includes one share and a CAD$2.50 warrant (3-year term).
Proceeds used to acquire 125,000 lbs U3O8 at US$32/lb; spot value ~US$43/lb, unrealized gain ~US$1.4M.
Sunday Mine Complex development: ore encountered after 30 ft drift, up to 3% uranium, 600+ tons high-grade ore mined.
Blue Teal Fed oil wells: production up 19% (oil) and 35% (gas) from Sep to Oct 2021; first royalty check due Jan 2022.

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