Western Uranium & Vanadium announces normal course issuer bid

Western Uranium & Vanadium announces the implementation of a normal course issuer bid to purchase up to 6,672,291 of its common shares representing approximately 10% of the Company’s “public float”, as defined under the policies of the Canadian Securities Exchange. The Company may purchase Shares under the NCIB over a 12-month period beginning on December 19 and ending no later than December 18, 2026. All Shares purchased under the NCIB will be purchased on the open market through the facilities of the CSE or Canadian alternative trading systems at the prevailing market price of the Shares at the time of purchase and in accordance with the policies of the CSE and applicable Canadian securities laws. All Shares purchased under the NCIB will be cancelled. The Company will fund the purchases of Shares under the NCIB with cash on hand. The exact timing and amount of any purchases of Shares made pursuant to the NCIB will depend on market conditions and other factors. The Company has no obligation to acquire any Shares and may suspend or discontinue purchases under the NCIB at any time. The actual number of Shares which may be purchased under the NCIB and the timing of any such purchases will be determined by management of the Company, subject to applicable laws and the rules of the CSE. Under the NCIB, the Company may purchase on the CSE up to a number of Shares equal to 2% of its issued and outstanding Shares over any 30-trading day period. Western will have Canaccord Genuity Corp. conduct the NCIB transactions on its behalf.