WUC’s George Glasier with Byron King on American dependence on ‘unstable nuclear fuel sources’
Channel: InvestorCoffee
Date: 2022-08-03

In this InvestorIntel interview host Byron W King talks to Western Uranium & Vanadium Corp. (CSE: WUC | OTCQX: WSTRF) President, CEO and Director George Glasier about its Sunday Mine Complex in Western Colorado.

In the interview, George tells Byron that the Sunday mine complex was in production for a number of years before Western Uranium & Vanadium acquired it in 2014 and “produced significant quantities of uranium and vanadium in the past and is ready to produce.” He explains that “there are actually four separate mines all permitted, all developed. We’re in one of them right now producing and stockpiling ore and preparing to go into the other three.”

Discussing American and European dependence on Russian uranium, George tells Byron that “we cannot be reliant on potentially unstable sources of nuclear fuel. The utilities certainly are going to look at western suppliers for all components of nuclear fuel and I think that’s good for not only our company, it’s good for all western producers.” With $9 million in the bank, “a significant profit from the sale of uranium,” as well as ongoing revenues from oil and gas royalties, George goes on to say that Western Uranium & Vanadium is “well cashed up” to execute its ongoing development plans.

About Western Uranium & Vanadium Corp.

Western Uranium & Vanadium Corp. is a Colorado-based uranium and vanadium conventional mining company focused on low cost near-term production of uranium and vanadium in the western United States, and development and application of kinetic separation.

Disclaimer: Western Uranium & Vanadium Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

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