UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On June 29, 2023, Western Uranium & Vanadium Corp. (the “Company”) held its Annual General and Special Meeting of Shareholders, at which shareholders (1) elected directors, (2) reappointed MNP LLP as auditor for the Company and authorized the Board to fix the auditor’s remuneration for the ensuing year, (3) approved the Company’s 2023 Incentive Stock Option Plan, and (4) approved the Company’s Shareholder Rights Plan, all as proposed in the Company’s proxy statement and management information circular dated May 24, 2023.
The final voting results for each of these matters were as follows:
1. Election of Directors:
| Nominee | Votes For % | Votes For | Votes Withheld | Broker Non-Votes | ||||||||||||
| George E. Glasier | 63.5% | 6,826,993 | 3,921,463 | 9,356,811 | ||||||||||||
| Bryan Murphy | 63.5% | 6,826,993 | 3,921,463 | 9,356,811 | ||||||||||||
| Andrew Wilder | 63.5% | 6,826,993 | 3,921,463 | 9,356,811 | ||||||||||||
2. Appointment of MNP LLP:
| Votes For % | Votes For | Votes Withheld | Broker Non-Votes | ||||||||||
| 99.9% | 20,090,285 | 14,982 | 0 | ||||||||||
3. Approval of 2023 Incentive Stock Option Plan:
| Votes For % | Votes For | Votes Against | Votes Abstaining | Broker Non-Votes | |||||||||||||
| 98.1% | 10,539,917 | 184,071 | 24,468 | 9,356,811 | |||||||||||||
4. Approval of Shareholder Rights Plan:
| Votes For % | Votes For | Votes Against | Votes Abstaining | Broker Non-Votes | |||||||||||||
| 62.9% | 6,760,886 | 3,983,420 | 4,150 | 9,356,811 | |||||||||||||
Item 8.01. Other Events.
On June 30, 2023, the Company issued a news release to announce the results of the Company’s Annual General and Special Meeting held on June 29, 2022. A copy of the news release is included as an exhibit to this report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. |
Description | |
| 99.1 | Press release dated June 30, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL documents) |
1
SIGNATURES
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 hereunto duly authorized.
| Date: June 30, 2023 | WESTERN URANIUM & VANADIUM CORP. | |
| By: | /s/ Robert Klein | |
|
Robert Klein Chief Financial Officer | ||
2
Exhibit 99.1
June 30, 2023
Western Uranium & Vanadium Corp. Announces Results of Annual General and Special Meeting
FOR IMMEDIATE RELEASE
Toronto, Ontario and Nucla, Colorado- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the “Company”) is pleased to announce the results of the Company’s Annual General and Special Meeting of shareholders (the “Meeting”) held in Nucla, Colorado on June 29, 2023.
Proxy votes were cast for common shares representing approximately 46.1% of the issued and outstanding common shares of the Company as at the record date for the Meeting. Each of the other matters put forward before shareholders for consideration and approval at the Meeting, as described in the Company’s management information circular dated May 24, 2023, was duly approved by the requisite number of votes.
Election of Directors
At the Meeting, the shareholders re-elected all of the directors proposed by management of the Company, namely, George Glasier, Bryan Murphy, and Andrew Wilder.
Appointment of Auditor
The shareholders re-appointed MNP LLP as auditor of the Company for the ensuing year, and authorized the Board to fix the auditor’s remuneration.
Incentive Stock Option Plan
The 2023 Incentive Stock Option Plan of Western was approved at the Meeting, and must be re-approved by Western’s shareholders no later than the date that is three years from the date of the Meeting.
Shareholder Rights Plan
The Shareholder Rights Plan was approved for a period of three years. For further details on the Shareholder Rights Plan, please refer to the news release issued by the Company on May 26, 2023.
Re-appointments
Subsequent to the Meeting, the newly-elected Board re-appointed Bryan Murphy as Chairman of the Board and re-appointed Andrew Wilder as Chairman of the Audit Committee.
The following management re-appointments were confirmed for the ensuing year: George Glasier, President and Chief Executive Officer; Robert Klein, Chief Financial Officer; and Denis Frawley, Corporate Secretary.
About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is a Colorado based uranium and vanadium conventional mining company focused on low-cost near-term production of uranium and vanadium in the western United States, and development and application of kinetic separation.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
George Glasier
President and CEO
970-864-2125
Robert Klein
Chief Financial Officer
908-872-7686