Western Uranium & Vanadium Corp. · CSE:WUC
Western Uranium & Vanadium — Investor Presentation (June 2019)
24 slides from Western Uranium & Vanadium's investor presentation, June 2019
Slide 1: Strategic U.S. Uranium and Vanadium Assets
Strategic U.S. Uranium and Vanadium Assets J une 2019
Slide 2: Forward Looking Statements
Forward Looking Statements Certain information contained in this pres entation cons titutes “forward-looking information” (as defined in the Se curities Act (Ontario)) and “forwarding-looking s tatements ” (as define d in the United States Private Securities Litigation Reform Act of 1995 and s imila
Slide 3: Catalyze Near-term Production
Catalyze Near-term Production Among the largest U.S. Uranium and Vanadium in-situ resource holders (Historic resources formerly JORC and NI 43-101) • Total uranium resource 70,000,000 lbs. +/- • Total vanadium resource 35,000,000 lbs. +/- grading between 1.4-2.2% • Co-credits lower the all-in sustai
Slide 4: Applications and Advantages
Applications and Advantages URANIUM • Nuclear Reactor Fuel: primary application • Highest energy density: one 10 gram uranium pellet equals 17,000 cubic feet natural gas = 149 gallons oil = 1 ton of coal • Baseload Energy Source: available 24/7 • Carbon Free / Zero Emissions Energy Source VANADIUM •
Slide 5: Vanadium Industry Demand is Growing Fast
Vanadium Industry Demand is Growing Fast MARKET DYNAMICS • Currently, ~90% of Vanadium is used in steel making • Significant supply reduction from China, Russia, and South Africa • China new rebar standard (effective November 2018; summer 2019) • China switch from exporter to importer created global
Slide 6: Vanadium V2O5 & FeV Price (USD$)
Vanadium V2O5 & FeV Price (USD$) 6
Slide 7: Sunday Mine Complex Already Permitted
Sunday Mine Complex Already Permitted • A complex of 5 interconnected underground mines (most recently mined in 2009) • Uranium and vanadium mines with historic production (Union Carbide, Denison) • Strong grades present at the Sunday Mine Complex: U3O8 (~0.25% to 0.36%) and V2O5 (~1.49% to 2.16%) •
Slide 8: Sunday Mine Complex High-Grade Ore Bodies
Sunday Mine Complex High-Grade Ore Bodies 8
Slide 9: Sunday Mine Complex Vanadium Project
Sunday Mine Complex • Vanadium Project
Slide 10: Uranium Industry
Uranium Industry MARKET DYNAMICS • China: ~40 operational nuclear plants and expanding quickly • More than 50 new nuclear reactors being built around the world predominantly in China, Middle East, Russia, India, Africa & LATAM • Big uranium producers cutting production- Cameco & Kazatomprom • During
Slide 11: Uranium U3O8 Price (in USD$)
Uranium U3O8 Price (in USD$) 11
Slide 12: Section232 Uranium Petition
Section232 Uranium Petition
Slide 13: Section232 Uranium Petition
Section232 Uranium Petition
Slide 14: Ablation Mining Technology (AMT)
Ablation Mining Technology (AMT) • Applicable to sandstone-hosted deposits • Uranium and vanadium minerals exist within the matrix of sandstones and as a patina around individual sand grains • Uses kinetic energy to force particles against each other, without any chemicals, to remove the mineralized
Slide 15: Ablation Mining Technology Benefits
Ablation Mining Technology Benefits At the Mine • Observed >90% of mineralization separated into <10-20% of the mass • Barren material (cleaned sands) can be used for backfill Transportation • Up to ~90% reduction in transport costs Processing • Up to ~90% less material to process • Smaller tanks an
Slide 16: Ablation Mining Technology Best Practice
Ablation Mining Technology Best Practice Conventional Mining Without Ablation Ablation Mining 16
Slide 17: AMT Environmental Remediation Application
AMT Environmental Remediation Application Colorado Legacy Uranium Ore Stockpile Common Features and Radiological Hazards of Underground Abandoned Uranium Mines A report published in August 2014 by the Department of Energy titled “Defense-Related Uranium Mines, Report To Congress” identified 4,225 mi
Slide 18: Western Milestones
Western Milestones August 2014 September - December 2014 • Sunday Mine uranium /vanadium assets • Public entity acquired, renamed “Western acquired Energy Fuels(NYSE: UUUU) Uranium Corp” (“WUC”); listed on Canadian Stock Exchange (“CSE”) January 2015 September 2015 • Western Uranium bids on Black Ra
Slide 19: Portfolio of Projects
Portfolio of Projects Historic Uranium Resources and Vanadium Mineralization and Mine Locations 10 11 5 9 Additional Uranium and Vanadium Mines: (4)Dunn (5)Van 4 19
Slide 20: Total Historic Uranium Resources ~ 70,000,000 lbs
TOTAL HISTORIC URANIUM RESOURCES ~ 70,000,000 lbs *Important Caution Regarding Historic Mineral Resources: Historic Mineral resources are not mineral reserves and do not have a demonstrated economic viability. All referenced historic mineral resources are historic estimates under NI 43-101. In order
Slide 21: Management & Board
Management & Board George Glasier, President, CEO and Director • Founder and leader of Western Uranium & Vanadium Corporation / 30+ years in uranium and vanadium • Extensive experience in sales and marketing, project development and permitting uranium processing facilities • Founder of Energy Fuels
Slide 22: Management & Board
Management & Board Bryan Murphy, Non-Executive Director, Chairman • Founder of Magellan Limited, a firm focused on providing advisory services to public and private companies • CFO and Head of Finance for Biome Renewables Inc., an early stage renewable energy and design company • Previously, Co-Foun
Slide 23: Capital Structure & Ownership
Capital Structure & Ownership (6/14/2019) Western Uranium & Vanadium (CSE:WUC & OTCQX:WSTRF) Share price C$1.35 Market capitalization C$40,000,000 Total shares outstanding 29,891,469 Warrants 8,755,717 Stock Options 2,416,664 Totally fully diluted shares 41,063,850 52 week closing price range CAD$0.
Slide 24: Contact Information
Contact Information Canadian Office 330 Bay Street, Suite 1400 Toronto, Ontario M5H 2S8 Canada U.S. Office 31127 Hwy 90 Road P.O. Box 98 Nucla, CO 81424 United States Phone : (970) 778-9195 gglasier@western-uranium.com Investor Relations ir@western-uranium.com 24
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