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News Update

TICKERS: WUC; WSTRF

Colorado Vanadium/Uranium Project Now Production Ready
News Update

Source:

The firm is finishing state mining agency requirements, targeting completion of those by end of January 2020.

Western Uranium & Vanadium Corp.'s (WUC:CSE; WSTRF:OTCQX) work this year advanced its Sunday Mine Complex Vanadium Project in Colorado to a production ready state, it announced in a news release. The company is currently stockpiling ore underground. The project is composed of five previously producing uranium/vanadium mines.

Concurrently, Western Uranium is working to complete the three surface infrastructure projects required to fulfill Colorado Division of Reclamation, Mining and Safety requirements. The company expects to have all of them finished by the end of January 2020, thereby allowing first material shipments of ore to go out in February.

Already done are covering the legacy low-grade uranium ore stockpile and building the upgraded storm water control structures. The mining company still has to have the three lined ore storage pads build. This could be started in early January 2020 as final engineering of the ore pads is in progress.

"Under the current timetable, the Company anticipates the CDRMS requirements to be fulfilled by the end of January which will enable the first ore material shipments in February," the company stated.

On the subject of the U.S. Nuclear Fuel Working Group, Western Uranium noted in the release that a formal update announcement has not been made since the group's November deadline.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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