Hallgarten & Company initiated coverage on Western Uranium Corporation (CSNX:WUC) (OTCQX:WSTRF) growth plans to reopen the Sunday Mine Complex and build the Piñon Ridge Mill. They concluded that with the Western management team’s deep uranium-mining experience and business strategy, as well as the Company’s ability to operate the only Ablation Mining Technology machines for sandstone-hosted deposits, the 12-month outlook for the Company is favorable. Hallgarten targets the Western Uranium CSE stock price to be C$4.80 in 12 months time. The current price is C$2.20.
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