Western Uranium & Vanadium

The Hansen/Taylor Ranch Uranium Project spans over 13,500 acres and is located in the Tallahassee Creek District of Colorado, about 150 kilometers southwest of Denver. This area is an established mining region, home to operations like AngloGold Ashanti's Cripple Creek gold mine. Historically, from 1954 to 1972, the district hosted 16 small-scale uranium mines, both open-pit and underground. The Hansen/Taylor Project includes multiple uranium deposits, such as Hansen, Taylor, Boyer, Noah, High Park, and Picnic Tree, making it one of the most prominent uranium projects in the United States. The majority of the mineral rights have been secured through lease and option agreements with surface landowners, as well as several state and federal leases.

Western Uranium & Vanadium Corp. is developing the Mustang Minerals Processing Facility to become a premier domestic uranium and vanadium processing hub. Strategically located in Montrose County, Colorado, the facility is integral to Western’s vertically integrated business model—allowing the Company to unlock the full value of its mining operations by bringing ore processing and yellowcake production in-house. This development marks a major milestone in Western’s evolution from a near-term producer to a fully integrated supplier of critical minerals essential to North America’s clean energy and defense sectors.

Gold exploration and development project

Gold exploration and development project

The San Rafael Mine, specifically, is part of this rich history of uranium extraction in the Green River region. Western Uranium & Vanadium Corp. acquired the San Rafael Mine as part of its portfolio of properties in Utah, recognizing its potential for high-grade uranium and vanadium production. The core uranium deposit of the San Rafael Uranium Project is the Deep Gold deposit. The Historic Indicated Mineral Resource (CIM Definition) for the entire San Rafael Uranium Project comprises 479,050 tons @ 0.25% U3O8 containing 2,415,300 lbs U3O8 and a Historic Inferred Mineral Resource (CIM Definition) of 92,350 tonnes @ 0.32% U3O8 containing 587,800 lbs U3O8. Historic vanadium resource exists at the project.

The Sunday Mine Complex (SMC) is a historically significant uranium and vanadium mining operation located in the Uravan Mineral Belt of Colorado, a region known for its rich deposits of these minerals. The complex has a storied history that dates back to the mid-20th century and has undergone several phases of development, ownership changes, and operational shifts.