- Business
- Western Uranium & Vanadium Corp. engages in the exploration, development, mining, and production of uranium and vanadium resource properties located in the western United States, primarily in Colorado and Utah; its principal projects include the flagship Sunday Mine Complex in San Miguel County, Colorado, with high-grade ore bodies such as GMG and Saint Jude ready for production restart and featuring mining operations, development drilling, and ore pad construction; the San Rafael Uranium Project in Emery County, Utah, covering 146 unpatented federal lode mining claims; the Sage Mine project spanning San Juan County, Utah, and San Miguel County, Colorado, on 94 unpatented claims totaling 1,942 acres; the Hansen/Taylor Ranch Uranium Project encompassing over 13,500 acres in Fremont and Teller Counties, Colorado; the Van 4 Mine in Montrose County, Colorado; additional interests in the Dunn Project, Keota Uranium Project, and Ferris Haggerty Project; and the Mustang Mineral Processing Plant site under licensing and development for mined material recovery incorporating kinetic separation technology to optimize economics, with a tolling agreement at Energy Fuels' White Mesa Mill in Blanding, Utah. The company, founded in 2006 as Homeland Uranium Inc. and renamed Western Uranium & Vanadium Corp. in October 2018 to reflect its dual mineral focus, maintains its registered office at 330 Bay Street, Suite 1400, Toronto, Ontario M5H 2S8, Canada, and operational headquarters in Nucla, Colorado; its common shares trade on the Canadian Securities Exchange under the symbol WUC and on the OTCQX Best Market under WSTRF. Recent developments include advancing the Mustang Mineral Processing Site in April 2025 to bolster regional production; announcing an Ore Purchase Agreement with Energy Fuels in June 2025 for delivery of stockpiled material from the Sunday Mine Complex to the White Mesa Mill commencing in Q1 2025; closing a brokered LIFE financing of CAD $5.5 million across two tranches in late 2024; acquiring a package of high-grade uranium/vanadium claims in Montrose County, Colorado, for US$250,000 in October 2025, located less than 10 miles from the Mustang site, while staking 500 additional surrounding acres; completing property acquisitions including the Rimrock Joint Venture adding two permitted mines and a mineral processing site in 2024; and recapping 2024 milestones such as portfolio expansion despite uranium price declines, with ongoing rehabilitation at Sunday Mine Complex and evaluation of re-permitting opportunities for Topaz, Sage, and Van 4 mines.