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Western Uranium & Vanadium to Acquire Uranium Claims
Toronto, Ontario and Nucla, Colorado, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the “Company”) is pleased to announce that it has entered into a definitive agreement with an arm’s length party to acquire a package of unpatented mineral lode claims (the “Claims”). The drilled-out deposit is situated on ~240 acres (the “Property”). With the purchase of the Claims, Western will secure a 50% ownership interest in the deposit. This uran
About this update from Western Uranium & Vanadium Corp.
[{"type":"image","alt":"Western Uranium & Vanadium Corp.","displaySize":"","headline":null,"caption":"Western Uranium & Vanadium Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":82,"url":"https://media.zenfs.com/en/globenewswire.com/26fe93b11f4c25cf84f63c8b990607e4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mOMqCWYascCIJeux_6OAng--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/26fe93b11f4c25cf84f63c8b990607e4","width":300,"height":82}},"lazy":false},{"type":"text","content":"Toronto, Ontario and Nucla, Colorado, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the “Company”) is pleased to announce that it has entered into a definitive agreement with an arm’s length party to acquire a package of unpatented mineral lode claims (the “Claims”). The drilled-out deposit is situated on ~240 acres (the “Property”). With the purchase of the Claims, Western will secure a 50% ownership interest in the deposit. This uranium/vanadium resource property is located on Bureau of Land Management (BLM) land in Montrose County, Colorado. The Company will pay US$250,000 for the acquisition of the Claims and the transaction is anticipated to close in October, after further due diligence is completed.","length":786,"tagName":"p"},{"type":"text","content":"Western believes that this acquisition is strategically valuable due to the haul distance of less than 10 miles to the proposed Mustang Mineral Processing Plant site. Beyond logistics, the Property has demonstrated historic drill grades above the Long Park Mining District’s reported production averages, underscoring the potential for higher margin resources. To further capitalize on this opportunity, the Company has staked additional mining claims surrounding the Property, adding 500 acres with significant exploration potential to expand this mineral resource.","length":566,"tagName":"p"},{"type":"text","content":"The Property was acquired in 1996 by two private partners (each owning 50% of the Property separately and not jointly) as an investment that leveraged their combined expertise as a geologist and a surveyor. The latter partner was notably from a prominent local uranium family. Over the course of ownership, the partners periodically made the Propert...