 Toronto, Ontario and Nucla, Colorado , March 01, 2021 GLOBE NEWSWIRE -- Western Uranium Vanadium Corp. CSE: WUC OTCQX: WSTRF Western or the Company is pleased to announce the closing of a second and final tranche of its non-brokered private placement the Private Placement please refer to the news release issued by Western on February 16, 2021 for details on the first tranche of the Private Placement. At this closing, the Company raised gross proceeds CAD2,500,000 through the issuance of 3,125,000 units the Units at a price of CAD0.80 per Unit. The total raised in the two tranches of this Private Placement of 6,375,000 Units aggregates to CAD5,100,000. Western used 100 of the overallotment option to issue the maximum quantity of authorized Units to satisfy investors oversubscription demand. 