Western Uranium & Vanadium Corp. Announces Ore Purchase Agreement

Core Points - Western Uranium & Vanadium Corp. has entered into an Ore Purchase Agreement with Energy Fuels Inc. to deliver uranium-bearing ore [1][2] - Deliveries are set to begin in May, with a total of up to 25,000 short tons of ore to be delivered over a one-year period [2] - The purchase price will be based on the uranium grade of each lot according to an agreed pricing schedule [2] Company Strategy - The Agreement is expected to strengthen Western's strategic position and accelerate revenue generation [3] - The collaboration with Energy Fuels is anticipated to create synergies and leverage for both companies, benefiting the North American nuclear fuel supply chain [3] Warrant Repricing - A total of 2,868,541 previously issued common share purchase warrants have been repriced to CAD$2.00 per share, with the term extended to January 20, 2026 [3] - All other terms of the Warrants remain unchanged, and no replacement Warrant certificates will be issued [3] Production and Development - Western is ramping up high-grade uranium and vanadium production at its Sunday Mine Complex, located in the Uravan Mineral Belt [4] - The company is also developing the Mustang Mineral Processing Site for mined material recovery, incorporating kinetic separation to optimize economics [4]