Western Uranium Corporation (CSE:WUC) announced that the Board of Directors has appointed Patrick Siglin as Vice-President Development of Western Uranium Corporation. The company also provided a corporate update on its recent activities.

According to the company’s news:

Western has been working with Black Range creditors in Australia and the United States and has sought accommodation in the payment of the outstanding Black Range payables until further funds are raised. Management hopes that Western will be able to finalize such a raise within the next 60 to 90 days.

Western has arranged extension agreements on both a short-term loan and note payable until June 2016. The $250,000 short-term loan was entered into on October 1, 2015 and had an original due date of December 15, 2015 prior to being extended to June 16, 2016. The note payable was assumed in the purchase of mining assets on August 18, 2014 and its final payment of USD $250,180 was originally due on October 13, 2015 and had been extended to January 13, 2016 prior to its additional extension until June 13, 2016. Supplementary remuneration was added to both instruments as consideration for the respective lenders to extend due dates. Western is pleased with these arrangements because they allow the Company the time and flexibility to assess financial options with respect to the repayment of its debts and the debts of its recently acquired subsidiary, Black Range Minerals Limited.

According to CEO George Glasier:

Pat Siglin came to Western upon completion of the previously announced acquisition of Black Range Minerals Limited (Black Range). Pat, while at Black Range had primary responsibility for the development of the Ablation Technology, as well as oversight of the development of the Hansen/Taylor Uranium Deposit. Pat is a graduate of the University of Iowa with a degree in geology. Pat’s knowledge and experience will be indispensable in bringing the Ablation Process into production at the Company’s mines. Pat will also head up the Company’s exploration program and work closely with Western’s staff to move into production.

Click here to view the full press release. 

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