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Western Uranium & Vanadium Corp. Proxy Solicitation & Information Statement 2026

May 27, 2026

46201_rns_2026-05-27_1ae4e057-cfaa-4426-b2b7-db2706933c13.pdf

Proxy Solicitation & Information Statement

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Notice of Availability of Proxy Materials for Western Uranium & Vanadium Corp. (the “Company”) Annual General and Special Meeting

Meeting Date and Time: June 26, 2026, at 10:00 a.m. (MT/local time) Location: 31525 Hwy 90 Road, Nucla, Colorado 81424 USA

Please be advised that the proxy materials for the above noted securityholder meeting are available for viewing and downloading online. This document provides an overview of these materials, but you are reminded to access and review the information circular and other proxy materials available online prior to voting. These materials are available at:

https://www.western-uranium.com/investors/agm-information/OR www.sedarplus.ca

Obtaining Paper Copies of the Proxy Materials

Securityholders may request to receive paper copies of the proxy materials related to the above referenced meeting by mail at no cost. Requests for paper copies must be received by June 12, 2026 in order to receive the paper copy in advance of the meeting. Shareholders may request to receive a paper copy of the Materials for up to one year from the date the Materials were filed on www.sedarplus.ca.

For more information regarding notice-and-access or to obtain a paper copy of the Materials you may - contact our transfer agent, Odyssey Trust Company, via https://odysseytrust.com/ca en/help/ or by phone at 1-888-290-1175 (toll-free within North America) or 1-587-885-0960 (direct from outside North America).

Notice of Meeting

The matters to be considered at the meeting, described in detail in the Management Information Circular, are as follows:

  1. Financial Statements : To receive the audited annual consolidated financial statements of the Company for the fiscal period ended December 31, 2025 with the report of the auditors therein;

  2. Election of Directors : To reelect the directors of the Company for the ensuing year;

  3. Appointment of Auditors : To reappoint MNP LLP as the auditors of the Company for the ensuing year and to authorize the board of the Corporation to fix their remuneration;

  4. Reapproval of Stock Option Plan : To reapprove the 2023 Incentive Stock Option Plan of the Company;

  5. Reapproval of the Shareholder Rights Plan : To reapprove the Shareholder Rights Plan of the Company; and

  6. Other Business : To consider and, if thought fit, act on other items of business that may be properly brought before the Meeting and any adjournment thereof.

SHAREHOLDERS ARE REMINDED TO REVIEW THE MEETING MATERIALS PRIOR TO VOTING.

Voting

To vote your securities, please refer to the instructions on the enclosed Proxy or Voting Instruction Form. Your Proxy or Voting Instruction Form must be received by 12:00 pm (Toronto time), on June 24, 2026.

Dated the 19th day of May 2026.

BY ORDER OF THE BOARD OF DIRECTORS

“George Glasier”

President, Chief Executive Officer, and Director