Date: Jun 20, 2018
Western Uranium Corporation (CSE: WUC | OTCQX: WSTRF) 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.
Nuclear reactors are being built throughout the world, especially in China, India, Russia, even a few in the United States. So additional consumption of uranium will come. Certainly most analysts say by 2020, there is going to be a fairly significant shortage of uranium, and when you have shortage of a commodity, prices go up.
In August 2014, Western Uranium acquired uranium and vanadium mineral assets in western Colorado and eastern Utah from Energy Fuels Inc., and in September 2015 they acquired additional uranium properties and ablation technology through the acquisition of Black Range Minerals Limited. The operational head office is located in Nucla, Colorado.
The company has a total uranium resource 70,000,000 lbs, and is the second largest holder of vanadium resources in the US with a total of 35,000,000 lbs grading between 1.4-2%.
