Western Uranium & Vanadium Sunday Mine Complex Vanadium Project Update
24 Juillet 2019 - 3:10PM
Western Uranium & Vanadium Corp. (CSE:WUC) (OTCQX:WSTRF)
(“Western” or ”Company”) updates the status of the Sunday Mine
Complex Vanadium Project. Four of the five Mines at the Sunday Mine
Complex have been opened to primarily assess the vanadium resources
that were not mined in the past.
After the mining team completed the ventilation
requirements and determined the mines were safe to fully enter, Dr.
Kaiwen Wu, the Company’s Chief Geologist, located four initial
areas where the vanadium readings on the X-Ray Fluorescence
analyzer (XRF) were high. Sampling from the face of the mine
workings showed V2O5 grades ranging from 3% to 14%. The high-grade
vanadium zones will now be extensively sampled to determine
expected production grades.
In addition to the standalone vanadium zones in
the mines, multiple high-grade uranium zones averaging 1% to 2%
U3O8 have been located. After additional sampling, a drill program
will be developed to delineate the first areas to be mined when
production commences.
The uranium Section 232 petition filed by
several U.S. uranium companies has not yet resulted in a quota or
protection for U.S. producers, Western Uranium & Vanadium will
be able to compete with the low cost producers worldwide because of
its high-grade resources, vanadium and uranium co-products, and
developed and permitted mines.
About Western Uranium
& Vanadium Corp.
Western Uranium & Vanadium Corp. is a
Colorado based uranium and vanadium conventional mining company
focused on low cost near-term production of uranium and vanadium in
the western United States, and development and application of
ablation mining technology.
Cautionary Note Regarding
Forward-Looking Information: Certain information contained
in this news release constitutes “forward-looking information” or a
“forward-looking statements” within the meaning of applicable
securities laws (collectively, “forward-looking statements”).
Statements of that nature include statements relating to, or that
are dependent upon: the Company’s expectations, estimates and
projections regarding exploration and production plans and results;
the timing of planned activities; whether the Company can raise any
additional funds required to implement its plans; whether
regulatory or analogous requirements can be satisfied to permit
planned activities; and more generally to the Company’s business,
and the economic and political environment applicable to its
operations, assets and plans. All such forward-looking statements
are subject to important risk factors and uncertainties, many of
which are beyond the Company’s ability to control or predict.
Please refer to the Company’s most recent Management’s Discussion
and Analysis, as well as its other filings at www.sec.gov and/or
www.sedar.com, for a more detailed review of those risk
factors. Readers are cautioned not to place undue reliance on
the Company’s forward-looking statements, and that these statements
are made as of the date hereof. While the Company may do so, it
does not undertake any obligation to update these forward-looking
statements at any particular time, except as and to the extent
required under applicable laws and regulations.
FOR ADDITIONAL INFORMATION, PLEASE
CONTACT:
George GlasierPresident and
CEO970-864-2125gglasier@western-uranium.com
Robert KleinChief Financial
Officer908-872-7686rklein@western-uranium.com
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