SCHEDULE 13G/A: MMCAP International and MM Asset Management Disclose 9.6% Stake in Western Uranium & Vanadium Corp.
Beneficial Ownership Disclosure
MMCAP International Inc. SPC and MM Asset Management Inc. have jointly disclosed a 9.6% beneficial ownership stake in Western Uranium & Vanadium Corp., totaling 6,056,067 common shares.
Summary
- MMCAP International Inc. SPC and MM Asset Management Inc. (the "Reporting Persons") have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in Western Uranium & Vanadium Corp.
- As of March 31, 2025, the Reporting Persons collectively beneficially own 6,056,067 common shares of Western Uranium & Vanadium Corp.
- This ownership represents 9.6% of the company's common shares outstanding.
- The total beneficial ownership includes 2,527,866 currently held common shares and an additional 3,528,201 common shares underlying warrants exercisable within 60 days.
- The percentage of beneficial ownership is calculated based on 59,382,696 common shares outstanding as of December 31, 2024, as reported in the Issuer's Form 10-K filed on April 15, 2025, plus the 3,528,201 shares underlying warrants.
- The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing (Schedule 13G) disclosing beneficial ownership. It does not contain information that inherently indicates positive or negative sentiment regarding the issuer's performance or prospects, but rather a significant investment by the reporting entities.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant 9.6% stake by institutional investors (MMCAP International Inc. SPC and MM Asset Management Inc.) indicates a notable level of confidence or strategic interest in Western Uranium & Vanadium Corp., which could be viewed positively by other shareholders.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date of common shares outstanding reported in Issuer's Form 10-K. |
| 2025-03-31 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 2025-04-15 | Date Issuer's Form 10-K was filed with the SEC. |
| 2025-05-15 | Date of signing of the Schedule 13G Amendment No. 3. |
Keywords
Western Uranium & Vanadium Corp., MMCAP International Inc. SPC, MM Asset Management Inc., Schedule 13G, beneficial ownership, uranium, vanadium, common shares, investment management, SEC filing
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