Western uranium & vanadium announces strategic acquisition of physical uranium

• Western Uranium & Vanadium (OTCQX:WSTRF) has executed a binding agreement to purchase 125,000 pounds of natural uranium concentrate at the current market price.
• The triuranium octoxide (U3O8) delivery to take place before June 2022 on a delivery date specified by Western. This transaction has the potential to enhance the balance sheet beyond the purchase cost through uranium price appreciation
• The basis for this purchase is an acquisition cost substantially below average global uranium production costs; and complements Western’s Sunday Mine Complex uranium production plans.