Western Uranium & Vanadium Corp. Files 8-K

TL;DR

WUC filed an 8-K for unregistered equity sales. Keep an eye on dilution.

AI Summary

Western Uranium & Vanadium Corp. filed an 8-K on November 27, 2024, reporting unregistered sales of equity securities and other events. The filing details transactions related to the company's operations and financial activities, with the earliest event reported on November 24, 2024. The company is incorporated in Ontario, Canada, and its principal business address is in Toronto.

Why It Matters

This filing indicates potential equity transactions by Western Uranium & Vanadium Corp., which could impact its capital structure and shareholder value.

Risk Assessment

Risk Level: medium — Unregistered sales of equity securities can sometimes signal financial distress or dilutionary financing, requiring careful monitoring.

Key Players & Entities

• Western Uranium & Vanadium Corp. (company) — Registrant
• November 24, 2024 (date) — Earliest event reported
• November 27, 2024 (date) — Date of report
• Ontario, Canada (location) — State or Jurisdiction of Incorporation
• 330 Bay Street, Suite 1400, Toronto, Ontario, Canada M5H 2S8 (address) — Principal Business Address

FAQ

Key Financial Figures

• $1.32 b — The Option exercise price was set at CAD$1.32 based upon the closing share prices on th

Filing Documents

• ea0222968-8k_western.htm (8-K) — 26KB
• ea022296801ex99-1_western.htm (EX-99.1) — 9KB
• ex99-1_001.jpg (GRAPHIC) — 9KB
• 0001213900-24-103576.txt ( ) — 218KB
• wuc-20241124.xsd (EX-101.SCH) — 3KB
• wuc-20241124_lab.xml (EX-101.LAB) — 33KB
• wuc-20241124_pre.xml (EX-101.PRE) — 22KB
• ea0222968-8k_western_htm.xml (XML) — 3KB

02. Unregistered Sales of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities. On November 24, 2024, Western Uranium & Vanadium Corp. ("Western" or the "Company") granted an aggregate of 1,375,000 stock options ("Options") to a number of officers, directors, and employees of Western under the Company's Incentive Stock Option Plan. The Option exercise price was set at CAD$1.32 based upon the closing share prices on the two trading days prior to the grant date and the pricing of units offered in the Company's most recent private placement. Each Option is exercisable to acquire one Western common share for a five-year term starting with the vesting date. The Options will vest equally in three instalments on January 31, 2025, July 31, 2025, and January 31, 2026. The Company granted the Options and offered the underlying common shares in reliance on the exemption from registration for private offerings provided by Section 4(a)(2) of the U.S. Securities Act of 1933, as amended.

01. Other Events

Item 8.01. Other Events. On November 26, 2024, Western issued the accompanying news release, which provided some company updates, including, among others, an announcement about the grant of Options disclosed above in Item 3.02. The news release is filed herewith as Exhibit 99.1.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated November 26, 2024 104 Cover Page Interactive Data File (embedded within the inline XBRL documents) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 27, 2024 WESTERN URANIUM & VANADIUM CORP. By: /s/ Robert Klein Robert Klein Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR