Date: Oct 30, 2018
As the price of vanadium continues to rise, Western Uranium & Vanadium (CSE:WUC,OTCQX:WSTRF) has announced it plans to reopen its Sunday mine complex in Colorado.
The Sunday mine complex consists of five mines, all of which have been functional at some point, producing high-grade uranium and vanadium.
A number of miners have produced material at the complex, with the last mining interval at Sunday completed by Denison Mines (TSX:DML,NYSEAMERICAN:DNN) from 2006 to 2009.
While the Sunday complex is known for both uranium and vanadium, Western says will be focused on vanadium production at the site.
The price of vanadium flake has increased by 180 percent this year, starting 2018 at roughly US$12 per pound and skyrocketing to US$33.60 as of Monday (October 29).
