In a recent interview conducted by Tracy Weslosky of InvestorIntel with George Glasier, President, CEO, and Director of Western Uranium & Vanadium Corp. (CSE: WUC | OTCQX: WSTRF) reported updated results from the ongoing uranium and vanadium project at the Sunday Mine Complex and how they continue to vastly exceed expectations.
With respect to the vanadium side of their operations, George noted the increasing demand from potential battery companies requiring long-term supply commitments for vanadium. These companies plan to build vanadium redox flow (VRFB) battery plants, for which vanadium electrolyte is the energy storage medium.
Glasier also emphasized the importance of thinking long-term and contracting at economic price levels, reflecting on past industry mistakes made when uranium prices surged before receding. He confirmed that the life of the Sunday Mine Complex is estimated at least 20 years at expected production rates, and is to be supplemented by additional resources set to be developed and permitted in the future. He highlighted the company’s growth from two employees three years ago to the current twenty plus and elaborated on the company’s development plans, mentioning the recent acquisition of a drill to define additional underground ore bodies that have been historically difficult to reach, with surface drilling, due to challenging topography.
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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 the development and application of kinetic separation.
To learn more about Western Uranium & Vanadium Corp., click here.
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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