Western Uranium & Vanadium Corp. has completed the acquisition of Pinon Ridge Corporation (PRC), along with a 900-acre property in Montrose County, Colorado. PRC was previously owned by a private investor group, and the transaction involved the purchase of 100% of PRC's shares for approximately US$830,000. The sale was considered a related party transaction since Western’s President, CEO, and director George Glasier, along with his wife Kathleen, owned 50% of PRC, and director Andrew Wilder indirectly owned 3%. An independent committee of non-interested directors from Western’s Board approved the transaction. George Glasier and an affiliate of Andrew Wilder received approximately $414,000 and $24,000, respectively. Western has taken on some of PRC's liabilities, including royalty payments. They also announced this news via a press release on October 1, 2024.