Omai Gold Mines

Western Uranium Corporation Announces Start of Manufacture of Second Ablation Production Unit

TORONTO, ONTARIO and NUCLA, COLORADO--(Marketwired - Nov. 9, 2015) - Western Uranium Corporation (CSE:WUC) ('Western' or the 'Company') is pleased to announce that engineering design of the second Ablation Production Unit has been completed. Construction of the second Ablation Production Unit has started and is expected to be completed in Q1 2016. The Unit is being built at the facilities of Western near Nucla, Colorado and will be moved to the Sunday Mine Complex after completion. Production from two Ablation Production Units is expected to occur in Q2 2016.

COMMENTS OF GEORGE GLASIER, President & CEO of Western Uranium

GEORGE GLASIER, President & CEO of Western, commented: "We are pleased to begin work on the manufacture of the second Ablation Production Unit. Adjustments and refinements to the equipment have been made by Western to further enhance the operation of the units which will significantly advance and expand the capacity of production of economically recoverable resources at lower cut-off grades."

About Western Uranium Corporation

Western Uranium Corporation is a Colorado based uranium company focused on near production of uranium and vanadium in the western United States.

This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made.

 
Western Uranium Corporation
George Glasier
President and CEO
Office: 970-864-2125
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Western Uranium Corporation
Michael Skutezky
Chairman of the Board
Office: 416-564-2870
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Western Uranium Corporation
Catherine Beckett
Corporate Secretary
Office: 416-640-5049
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OMAI GOLD MINES (TSX.V: OMG)

Omai Gold Mines

Omai Gold Mines holds a 100% interest in the past-producing Omai gold project in Guyana. The company has completed a Preliminary Economic Assessment that showed a robust after-tax NPV5% of $556 million and 19.8% Internal Rate of Return at... LEARN MORE