• Western Uranium & Vanadium posted a net loss of $1.6 million for the quarter ended March 31, 2026, narrowing from the prior-year period.
• Operating loss narrowed to $1.63 million as total operating expenses fell 38% to $1.66 million.
• Revenue declined 34% to $27,351 on lower oil prices, plus lower oil and gas well volumes tied to production decline curves.
• Mining expenditures dropped 58% to $709,138 due to a cost-saving initiative that reduced underground mining activities pending market pricing signals.
• Cash, cash equivalents, plus restricted cash totaled $5.8 million; company targeted Mustang Mineral Processing Plant licensing submission in late 4Q 2026 with processing start targeted in 2029, while scaling back Sunday Mine Complex underground operations in Q1.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Uranium & Vanadium Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-056791), on May 14, 2026, and is solely responsible for the information contained therein.