Western Uranium & Vanadium Completes Final Delivery on 2015 Supply Agreement

FOR IMMEDIATE RELEASE

Toronto, Ontario and Nucla, Colorado, May 31, 2022 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE:WUC) (OTCQX:WSTRF) (“Western” or ”Company”) is pleased to announce that it satisfied the obligations of its Uranium Concentrates Supply Agreement. The agreement was signed in 2015 with a major U.S. utility which provided for five delivery years from 2018 to 2022. For Delivery Year 2022 the final delivery was made in April 2022 and payment was received in May 2022. Western sold 125,000 pounds of uranium yellowcake (U 3 O 8 ) at a price of $57.04 per pound generating gross revenues of $7.13 million. The U 3 O 8 sold was sourced from the uranium inventory that Western announced acquiring in its Strategic Acquisition of Physical Uranium news release in June 2021. This U 3 O 8 was acquired at a price of $32.16 per pound or a gross […]

Click here to view original web page at www.gurufocus.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.