Western Uranium & Vanadium Corp. · CSE:WUC
Western Uranium & Vanadium — Investor Presentation (January 2021)
28 slides from Western Uranium & Vanadium's investor presentation, January 2021
Slide 1: Strategic U.S. Uranium and Vanadium Assets
Strategic U.S. Uranium and Vanadium Assets CSE: WUC 2021 OTCQX: WSTRF J anuary
Slide 2: Forward Looking Statements
Forward Looking Statements Certain information contained in this pres entation cons titutes “forward-looking information” (as defined in the Se curities Act (Ontario)) and “forwarding-looking s tatements ” (as define d in the United States Private Securities Litigation Reform Act of 1995 and s imila
Slide 3: Investment Summary
Investment Summary Near-Term Commercial Production • Sunday Mine Complex is production-ready, permitted and developed • Quick re-start enabled by 2019/2020 exploration, development, and mining • Low re-start CAPEX - infrastructure upgraded and mine workings rehabilitated • High-grade target zones id
Slide 4: Tight Shareholder Capital Structure
Tight Shareholder Capital Structure (1) At 12/31/2020 4
Slide 5: Management and Directors
Management and Directors George Glasier, President, CEO and Director • Founder and leader of Western Uranium & Vanadium Corporation / 30+ years in uranium and vanadium • Extensive experience in sales and marketing, project development and permitting uranium processing facilities • Founder of Energy
Slide 6: Management and Directors
Management and Directors Bryan Murphy, Non-Executive Director, Chairman • President of Magellan Limited, a firm providing advisory services to public and private companies • CFO and Head of Finance for Biome Renewables Inc., an early stage renewable energy and design and engineering company • Previo
Slide 7: Commodity Exposure and Applications
Commodity Exposure and Applications URANIUM • Nuclear Power Reactors: uranium sole fuel source • Highest Energy Density: one 10 gram uranium pellet equals 17,000 cubic feet natural gas = 149 gallons oil = 1 ton of coal • Carbon Free - Baseload Power – Limited Land Use: Making nuclear the optimal ava
Slide 8: World & U.S. Nuclear Industry Status
World & U.S. Nuclear Industry Status Nuclear Power Generation • ~10% of World electricity from 442 reactors • ~20% of U.S. electricity from 94 reactors Nuclear Operating Capacity • World and U.S. nuclear power generation has recovered from a 2011 post-Fukushima contraction and are near historical pe
Slide 9: Nuclear Fuel Demand Catalysts
Nuclear Fuel Demand Catalysts • Increasing global nuclear fuel reactor requirements • Historically low utility inventories and uncontracted demand • Japanese nuclear restarts pending (25 permitted reactors) • New nuclear reactor construction (53 reactors) • Next generation reactors: small modular re
Slide 10: Uranium Structural Supply Deficit
Uranium Structural Supply Deficit Declining Uranium Primary Production • Spot Prices < Average Global Production Costs: closed uranium mines in recent years and curtailed new uranium mine development which requires 7 to 10 year lead times • COVID-19 Supply Disruptions 2020/2021 : suspended mine oper
Slide 11: U.S. Government Catalyzing the American Nuclear Fuel Cycle
U.S. Government Catalyzing the American Nuclear Fuel Cycle TRUMP ADMINISTRATION (2017 – 2021) • FOCUS: Market distortions caused by foreign state-owned enterprises • GOALS: Energy Independence, National Security, Critical Minerals Supply Chains • PROCESS: Uranium section 232 investigation and Nuclea
Slide 12: Resource Portfolio
Resource Portfolio Historic Uranium Resources and Vanadium Mineralization and Mine Locations (1) 10 11 (1) See Important Caution Regarding Historic Mineral Resources and asterisk references on page 25. 5 9 Additional Uranium and Vanadium Mines: (4)Dunn (5)Van 4 ❼ Bullen Oil & Gas Property, Weld Coun
Slide 13: Sunday Mine Complex, Colorado
Sunday Mine Complex, Colorado Panaramic view of the SMC from left to right: Sunday, Carnation, St. Jude, and West Sunday Mines 13
Slide 14: Sunday Mine Complex
Sunday Mine Complex Google Earth Views 14
Slide 15: Sunday Mine Complex
Sunday Mine Complex Arial Views 15
Slide 16: Sunday Mine Complex
Sunday Mine Complex High-Grade Ore Bodies • U3O8 grades (~0.25% to 0.36%) • V2O5 grades (~1.49% to 2.16%) 16
Slide 17: Sunday Mine Complex Portals
Sunday Mine Complex Portals 17
Slide 18: Sunday Mine Complex Project
Sunday Mine Complex Project 18
Slide 19: San Rafael Project, Utah
San Rafael Project, Utah • Development project situated on ~3,540 acres in Emory County, Utah • San Rafael Uranium District and Tidwell Mineral Belt location • More than 3,000 historic holes drilled; last drill program 2007 to 2009 • Last NI 43-101 Technical Report update 2014 • Mining method: adjac
Slide 20: Hansen/Taylor Ranch Project, Colorado
Hansen/Taylor Ranch Project, Colorado • Tallahassee Creek Uranium District development project in Fremont County, Colorado • 13,000 total project acres are among largest historic U.S. uranium resources; Western controls majority • Sandstone hosted deposits at shallow depth with thick high- grade ore
Slide 21: Oil & Gas Property Weld County Colorado | DJ-Basin
Oil & Gas Property Weld County Colorado | DJ-Basin Bullen Oil & Gas Property (160 acres) - royalty interest in a 3,200 acre pooled unit • Mallard Exploration (operator) acquired O&G rights from Bison Oil & Gas (2020) • Maximum capacity 24 horizontal wells with 16 wells permitted to-date • D-J Basin:
Slide 22: Kinetic Separation
Kinetic Separation • Feedstock sandstone-hosted deposits • Uranium and vanadium minerals exist within the matrix of sandstones and as a patina around individual sand grains • Uses kinetic energy to force particles against each other, without any chemicals, to remove the mineralized patina from barre
Slide 23: Kinetic Separation Benefits
Kinetic Separation Benefits At the Mine • Observed >90% of mineralization separated into <10-20% of the mass • Barren material (cleaned sands) can be used for backfill Transportation • Up to ~90% reduction in transport costs Processing • Up to ~90% less material to process • Smaller tanks and equipm
Slide 24: Kinetic Separation Environmental Cleanup and Remediation
Kinetic Separation Environmental Cleanup and Remediation Colorado Legacy Uranium Ore Stockpile A report published in August 2014 by the Department of Energy titled “Defense-Related Uranium Mines, Report To Congress” identified 4,225 mines which provided uranium ore to the AEC between 1947 & 1970. An
Slide 25: Company Plans 2021
Company Plans 2021 Historic Strategic Positioning Western was founded in 2014 to acquire uranium property packages in the post-Fukushima down market. This included the Sunday Mine Complex (SMC) that was fully developed by Union Carbide for almost $50 million in the 1970’s. Ownership of this develope
Slide 26: Investment Summary
Investment Summary Uranium Investment Thesis The electrification-of-everything trend is expanding electricity requirements. Climate change policy, government support, and new technologies are launching a multi-decade growth period for clean energy and nuclear power generation. However, nuclear fuel
Slide 27: Total Historic Uranium Resources ~ 55,000,000 lbs
TOTAL HISTORIC URANIUM RESOURCES ~ 55,000,000 lbs *Important Caution Regarding Historic Mineral Resources: Historic mineral resources are not mineral reserves and do not have a demonstrated economic viability. All referenced historic mineral resources are historic estimates under NI 43-101. In order
Slide 28: Contact Information
Contact Information Canadian Office 330 Bay Street, Suite 1400 Toronto, Ontario M5H 2S8 Canada U.S. Office 31127 Hwy 90 Road P.O. Box 98 Nucla, CO 81424 United States Phone : (970) 778-9195 [email protected] Investor Relations [email protected] 28
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