secwatch.observer — SEC 8-K summary
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Issuer:     Western Uranium & Vanadium Corp. (WSTRF)
CIK:        0001621906
Form:       8-K
Filed at:   2021-12-28T23:59:59+00:00
Accession:  0001213900-21-067650
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621906/000121390021067650/0001213900-21-067650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621906/000121390021067650/ea153107-8k_western.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-067650

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer