Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) has announced exciting updates, including the election of a new director, Michael Skutezky, at the recent Annual General and Special Meeting of Shareholders. The addition of Skutezky to the board brings over 40 years of experience in the resource sector, with a specialization in uranium and critical materials issuers.
As a part of his appointment, Skutezky has been granted 100,000 stock options to purchase common shares under the Company’s Incentive Stock Option Plan. The Options, valued at CAD$2.00 each, will vest in two installments starting July 31, 2024. This move reflects Western’s commitment to enhancing governance and expertise within its board of directors.
In terms of mining operations, the Sunday Mine Complex is currently making strides in advancing the drift toward the Leonard & Clark deposit, with significant progress made in underground drilling. Additionally, the San Rafael Uranium Project in Utah is progressing towards development and production, with a drilling program set to commence following the approval of necessary permits.
Western Uranium & Vanadium Corp. is also ramping up production at its flagship Sunday Mine Complex and other conventional projects in Colorado and Utah. The Company’s Maverick Minerals Processing Plant in Utah will include the kinetic separation process, further solidifying its position in the uranium and vanadium production sector.
With these updates and developments, Western Uranium & Vanadium Corp. is poised for growth and success in the uranium and vanadium markets.antd Chief Financial Officer Robert Klein can be contacted for further information at rklein@western-uranium.com
