Toronto, Ontario and Nucla, Colorado — January 16, 2026 — Leads & Copy — George Glasier, CEO, President, Founder and a director of Western Uranium & Vanadium Corp., has acquired 100,000 common shares of Western on December 29 and 30, 2025, at CA$0.48 per share in the public market.
Prior to the transaction, Glasier controlled 4,928,516 common shares (6.9%). Following the transaction, he controls 5,028,516 common shares (7.0%). Additionally, Glasier holds vested stock options and warrants exercisable for 1,067,647 common shares. If all were exercised, Glasier would hold or control approximately 8.4% of the company’s issued and outstanding common shares.
Glasier is issuing the release because his percentage ownership in the company has decreased below 10% because of multiple private placements conducted to fund company operations. Glasier acquired the shares for investment purposes.
Western has granted 1,350,000 stock options to purchase common shares to officers, directors, and employees of Western under the company’s Incentive Stock Option Plan. The options were granted on January 15, 2026, with the exercise price set at CA$0.90, based on the closing prices on the two trading days before the grant date, and the pricing of units offered in the most recent private placement conducted by Western. Each option is exercisable to acquire one common share for a five-year term starting with the vesting date. The options vest equally in three installments: January 31, 2026, July 31, 2026, and January 31, 2027.
Western is developing high-grade uranium and vanadium production. Western is licensing and developing the Mustang Mineral Processing Plant for mined material recovery which may incorporate kinetic separation to optimize economics. Western holds resource properties including the Sunday Mine Complex, its flagship property in the Uravan Mineral Belt. The production pipeline encompasses conventional projects in Colorado and Utah undergoing permitting and development. The company continues to review opportunities to acquire and develop additional complementary properties near the processing plant site.
This was a joint news release from Western and Mr. Glasier. Mr. Glasier will file an Early Warning Report under the company’s profile on SEDAR+. The Early Warning Report will include additional information required under National Instrument 62-103 – The Early Warning System and Related Takeover Bid and Insider Reporting Issues. A copy of the Early Warning Report may be requested from Western’s Chief Financial Officer, Robert Klein.
George Glasier, President and CEO, can be reached at 970-864-2125 or gglasier@western-uranium.com.
Robert Klein, Chief Financial Officer, can be reached at 908-872-7686 or rklein@western-uranium.com.
Source: Western Uranium & Vanadium Corp.
