Western Uranium & Vanadium Corp. Announces Brokered LIFE Financing Up to 7.25 Million

Toronto, Ontario and Nucla, Colorado, Dec. 04, 2023 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the ”Company”) is pleased to announce that it has entered into an agency agreement with A.G.P. Canada Investment ULC (“A.G.P. Canada“) pursuant to which A.G.P. Canada will act as sole agent and bookrunner for the Company on a “best efforts” agency basis in connection with a brokered private placement financing of up to 5,215,828 units at a price of Cdn$1.39 per unit for aggregate gross proceeds of up to Cdn$7,250,000 (the “Offering”).  Each unit to be placed in the Offering (each, a “Unit”) will be comprised of one common share and one half of one common share purchase warrant, each whole warrant being exercisable for one common share of the Company at a price of Cdn$1.88 per share, for a period of four (4) years.

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