Western Uranium raises funds in positive macroeconomic environment

US-focused uranium and vanadium mining company Western Uranium Corporation is benefiting from a positive macroenvironment and price increases for both uranium and vanadium, which have increasingly led management to focus on strategic, operational and capital raising opportunities, the company noted in an update to shareholders this week. Western closed private placements on July 27 and August 7, raising proceeds of about C$1.7-million and C$1.3-million, respectively.