What changed in this filing

/stocks — the workspaceLOADING

Item 2. Unregistered Sales of Equity Securities

2021-08-23 compared with 2021-05-17 · 52 added, 53 removed, 8 unchanged (93% of the section changed)

Unregistered Sales of Equity Securities and Use of Proceeds

On February 16, 2021, we completed a non-brokered

private placement of 3,250,000 units at a price of CAD $0.80 per unit for aggregate gross proceeds of CAD $2,600,000.

Each unit consisted

of one common share plus one common share purchase warrant.

Each warrant entitled the holder to purchase one common share at a price of

CAD $1.20 per share for a period of three years.

A total of 3,250,000 shares and 3,250,000 warrants were issued in the placement.

accredited investors, as defined in Rule 501(a) of Regulation D, participated in the placement.

We relied on Rule 506(b) of Regulation

D for offers and sales of the units to both U.S.

On March 1, 2021, we completed a non-brokered

private placement of 3,125,000 units at a price of CAD $0.80 per unit for aggregate gross proceeds of CAD $2,500,000.

Each unit consisted

of one common share plus one common share purchase warrant.

Each warrant entitled the holder to purchase one common share at a price of

CAD $1.20 per share for a period of three years.

A total of 3,125,000 shares and 3,125,000 warrants were issued in the placement.

accredited investors, as defined in Rule 501(a) of Regulation D, participated in the placement.

We relied on Rule 506(b) of Regulation

D for offers and sales of the units to both U.S.

In April and May 2021, outstanding warrants were exercised to purchase

a total of 1,706,570 common shares for cumulative gross proceeds of CAD $1,966,059.

The warrants exercised were predominantly warrants

that had been issued in private placements in July and August 2018.

Subsequently, various additional outstanding warrants were exercised

to purchase a total of 46,000 common shares for cumulative gross proceeds of CAD $63,900.

We issued these securities without registration

under the Securities Act pursuant to the exemption from registration provided by Rule 506 of Regulation D.

The warrant holders represented

that they qualified as accredited investors and were purchasing for investment.

Mine Safety Disclosures

Western, safety is a core value, and we strive for superior performance.

Our health and safety management system, which includes detailed

standards and procedures for safe production, addresses topics such as employee training, risk management, workplace inspection, emergency

response, accident investigation, and program auditing.

In addition to strong leadership and involvement from all levels of the organization,

these programs and procedures for the cornerstone of safety at Western, ensuring that employees are provided a safe and healthy environment

and are intended to reduce workplace accidents, incidents and losses, comply with all mining-related regulations and provide support

for both regulators and the industry to improve mine safety.

operation of our U.S.

based mine is subject to regulation by the Federal Mine Safety and Health Administration (“MSHA”) under

the Federal Mine Safety and Health Act of 1977 (the “Mine Act”).

MSHA inspects our mine on a regular basis and issues various

citations and orders when it believes a violation has occurred under the Mine Act.

Following passage of The Mine Improvement and New

Emergency Response Act of 2006, MSHA significantly increased the number of citations and orders charged against mining operations.

dollar penalties assessed for citations issued has also increased in recent years.

is required to report certain mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street

Reform and Consumer Protection Act and Item 104 of Regulation S-K, and that required information is included in Exhibit 95 and is incorporated

by reference in the Company’s annual report on form 10-K filed on April 15, 2021.

For Western, safety is a core value, and we strive

for superior performance.

Our health and safety management system, which includes detailed standards and procedures for safe production,

addresses topics such as employee training, risk management, workplace inspection, emergency response, accident investigation, and program

In addition to strong leadership and involvement from all levels of the organization, these programs and procedures form the

cornerstone of safety at Western, ensuring that employees are provided a safe and healthy environment and are intended to reduce workplace

accidents, incidents and losses, comply with all mining-related regulations, and provide support for both regulators and the industry

to improve mine safety.

The operation of our U.S.

based mine is subject

to regulation by the Federal Mine Safety and Health Administration (“MSHA”) under the “Federal Mine Safety and Health

Act of 1977” (the “Mine Act”).

MSHA inspects our mine on a regular basis and issues various citations and orders when

it believes a violation has occurred under the Mine Act.

Following passage of “The Mine Improvement and New Emergency Response Act

of 2006,” MSHA significantly increased the number of citations and orders charged against mining operations.

The dollar penalties

assessed for citations issued has also increased in recent years.

Western is required to report certain mine safety

violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and

Item 104 of Regulation S-K.

This required information is included in Exhibit 95 and is incorporated by reference in the Company’s

annual report on form 10-K filed with the SEC on April 15, 2021.

Certificate of Incorporation, as amended

3 unchanged sentences

Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

XBRL Instance Document

XBRL Taxonomy Extension Schema

XBRL Taxonomy Extension Calculation Linkbase Document

XBRL Taxonomy Extension Definition Linkbase Document

XBRL Taxonomy Extension Label Linkbase Document

XBRL Taxonomy Extension Presentation Linkbase Document

Previously filed as an exhibit to the Company’s Form 10 registration statement filed on April 29, 2016 and incorporated herein by reference.

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned, thereunto duly authorized.

URANIUM &VANADIUM CORP.

Inline XBRL Instance Document.

Inline XBRL Taxonomy Extension Schema Document.

Inline XBRL Taxonomy Extension Calculation Linkbase Document.

Inline XBRL Taxonomy Extension Definition Linkbase Document.

Inline XBRL Taxonomy Extension Label Linkbase Document.

Inline XBRL Taxonomy Extension Presentation Linkbase Document.

Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

Previously filed as an exhibit to the Company’s Form 10 registration statement filed on April 29, 2016 and incorporated herein by reference.

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

WESTERN URANIUM &VANADIUM CORP.

August 23, 2021

/s/ George Glasier

George Glasier

Executive Officer

executive officer)

Financial Officer

financial and accounting officer)

Chief Executive Officer

(Principal executive officer)

August 23, 2021

/s/ Robert Klein

Chief Financial Officer

(Principal financial and accounting officer)

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Unregistered Sales of Equity Securities