Western Uranium & Vanadium Corp.: insider trades · United States · SEC (Form 4)

About Western Uranium & Vanadium Corp.

Western Uranium & Vanadium Corp. is a North American mineral resource company focused on the exploration, development, and ultimately production of high-grade uranium and vanadium assets. Founded in 2014, the company was built to capitalize on post-Fukushima weakness in the uranium market by acquiring strategically located mining properties at attractive valuations. Its operational head office is in Nucla, Colorado, United States, while its corporate registered office is in Toronto, Canada. For investors, it is important to note that WSTRF trades in the United States on the OTCQX market rather than on NYSE or NASDAQ, even though its operational footprint and core assets are in the United States. Western’s business model is centered on a portfolio of projects in the western United States, mainly Colorado and Utah. The flagship asset is the Sunday Mine Complex, a historically significant uranium-vanadium mine that has been refurbished and positioned as the backbone of the company’s near-term production strategy. Other key properties include the Hansen/Taylor Ranch Uranium Project and the San Rafael Uranium Mine, along with additional acquired claims and mineral rights that expand the company’s footprint in uranium-bearing districts. Western also emphasizes a vertically integrated approach, with ambitions to move from mining toward in-house processing and yellowcake production, which could improve margin capture if execution is successful. From a competitive standpoint, Western sits in the small-cap uranium developer/producer segment, where economics are driven by uranium pricing, permitting, financing access, operational readiness, and milling/processing infrastructure. Its competitive edge lies in its focus on historically prospective assets, its Western U.S. jurisdictional exposure, and its ability to leverage a mix of uranium and vanadium optionality. That said, the company remains a higher-risk, pre- to early-production story rather than a large-scale established miner. The vanadium component adds a secondary industrial exposure, but uranium remains the primary value driver. Recent developments highlight continued portfolio rationalization and operational positioning. In 2025, Western announced several claim and property acquisitions, advanced its mineral processing strategy, and later introduced a normal course issuer bid in December 2025. The company also reported securities transactions in January 2026 and participated in industry events ahead of PDAC 2026. In its 2025 communications, Western pointed to a ramp-up in activity and referenced ambitious annualized production goals, reflecting the improved backdrop for uranium equities. Overall, Western Uranium & Vanadium is a specialized U.S.-focused critical minerals and nuclear fuel company with leverage to the uranium cycle and meaningful execution risk.