Western Uranium & Vanadium Corp. · CSE:WUC
Western Uranium & Vanadium — Investor Presentation (June 2018)
22 slides from Western Uranium & Vanadium's investor presentation, June 2018
Slide 1: Strategic Assets, Strategic Minerals
Tickers OTCQX:WSTRF CSE:WUC Strategic Assets, Strategic Minerals June 2018
Slide 2: Forward Looking Statements
Tickers OTCQX:WSTRF CSE:WUC Forward Looking Statements Certain information contained in this presentation constitutes “forward-looking information” (as defined in the Securities Act (Ontario)) and “forwarding-looking statements” (as defined in the United States Private Securities Litigation Reform A
Slide 3: Near-term Uranium and Vanadium Producer
Tickers OTCQX:WSTRF Near-term Uranium and Vanadium Producer CSE:WUC Creating Multiple Revenue Streams 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 35,000,00
Slide 4: Management & Board
Tickers OTCQX:WSTRF CSE:WUC Management & Board George Glasier, President and CEO & Board Member • Founder of Western Uranium Corporation • 30+ years of experience in the uranium sector • Extensive experience in sales and marketing, project development and permitting uranium processing facilities • F
Slide 5: Management & Board
Tickers OTCQX:WSTRF CSE:WUC Management & Board Andrew Wilder, Non-Executive Director • Managing Member, COO and CFO at Inventiv Capital Management, an infrastructure and private equity fund group • Founder of Cross River Group, a business development firm with private equity, real asset, and technol
Slide 6: Uranium Industry
Tickers OTCQX:WSTRF CSE:WUC Uranium Industry • Positive supply-side uranium shock after Cameco & KazAtomProm cuts. • China has 30 operational nuclear plants, has 21 reactors under construction and is spending $570bn to build more than 60 new nuclear power plants. • USA still largest Uranium consumer
Slide 7: Uranium Price
Tickers OTCQX:WSTRF CSE:WUC Uranium Price 7
Slide 8: Vanadium Industry
Vanadium Industry Tickers OTCQX:WSTRF CSE:WUC Demand is Growing Fast • Vanadium prices are up more than 2.5 times the past two years and over 30% this year • Significant supply reduction since 2014 – Less Chinese production – Lower Russian production – Closure of South African mines • Currently, 90%
Slide 9: Vanadium Price
Tickers OTCQX:WSTRF CSE:WUC Vanadium Price 9
Slide 10: Ablation Mining Technology (AMT)
Tickers OTCQX:WSTRF CSE:WUC Ablation Mining Technology (AMT) • Applicable to sandstone-hosted uranium deposits • Uranium 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
Slide 11: Ablation Mining Technology Benefits
Tickers OTCQX:WSTRF CSE:WUC 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 Mine to Mill • Up to ~90% reduction in transport costs • An on-site mill is not required At the
Slide 12: Ablation Mining Technology Best Practice
Tickers OTCQX:WSTRF CSE:WUC Ablation Mining Technology Best Practice Conventional Mining Without Ablation Ablation Mining 12
Slide 13: AMT Environmental Remediation Application
Tickers OTCQX:WSTRF CSE:WUC 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 C
Slide 14: Portfolio of Projects
Tickers Portfolio of Projects OTCQX:WSTRF CSE:WUC Historic Uranium Resources & Vanadium Mineralization and Mine and Mill Locations 10 11 5 9 Additional Uranium and Vanadium Mines: 4. Dunn 7. Van 4 Additional Mills: 5. Piñon Ridge Mill (Proposed) 9. White Mesa Mill 14
Slide 15: Sunday Mine Complex Already Permitted
Tickers OTCQX:WSTRF CSE:WUC 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 U3O8 grades present at the Sunday Mine Complex (~0.25% to 0.36%) •
Slide 16: Sunday Mine: High Grade Uranium-Vanadium Ore Bodies
Sunday Mine Tickers OTCQX:WSTRF CSE:WUC High Grade Uranium-Vanadium Ore Bodies 16
Slide 17: Total Historic Uranium Resources ~70,000,000 lbs
Tickers OTCQX:WSTRF CSE:WUC 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 estimat
Slide 18: Piñon Ridge Mill
Tickers OTCQX:WSTRF CSE:WUC Piñon Ridge Mill Option to Build the 2nd U.S. Operational Mill • The Pinon Ridge Mill (“Mill”) is a planned uranium and vanadium processing facility on 800-acres of private land in Montrose County, Colorado, 12 miles west of Naturita (not owned by Western) • Western signe
Slide 19: Western Uranium Milestones
Tickers OTCQX:WSTRF CSE:WUC Western Uranium Milestones August 2014 September - December 2014 • Sunday Mine uranium assets acquired • Public entity acquired, renamed “Western from Energy Fuels (NYSE: UUUU) Uranium Corp” (“WUC”); listed on Canadian Stock Exchange (“CSE”). January 2015 September 2015 •
Slide 20: Production Strategy
Tickers Production Strategy OTCQX:WSTRF CSE:WUC Production Goals • Pursue uranium/vanadium development at the Sunday Mine Complex • Pursue vanadium development joint venture at Sage Mine Project • Advance AMT to reduce production cost with goal of becoming the U.S. low cost producer AMT Preparation
Slide 21: Capital Structure & Ownership (5/31/2018)
Tickers OTCQX:WSTRF Capital Structure & Ownership (5/31/2018) CSE:WUC Western Uranium (CSE:WUC & OTCQX:WSTRF) Share price C$0.75 Market capitalization C$16,100,000 Total shares outstanding 21,480,954 Warrants (average price) 4,095,563 (C$2.27) Stock Options (average price) 1,783,664 (C$1.77) Totally
Slide 22: Contact Information
Tickers OTCQX:WSTRF CSE:WUC 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 22
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