Description of Western Uranium And Vanadium's Business Segments

The Company operates and reports as a single segment focused on the production of uranium minerals. The Chief Executive Officer serves as the chief operating decision maker and regularly reviews segment net income (loss) and segment assets. As an exploration stage issuer, the Company expenses exploration and pre-extraction costs as incurred until proven or probable reserves are established. After reserves are established, development expenditures are capitalized. Consequently, the Company's consolidated financial statements may not be directly comparable to those of companies in the production stage due to differences in cost capitalization and expensing.

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(Jun 30 2026) three months ended Q2
Business Segments	Revenues (in millions $)	Income (in millions $)	% (Profit Margin)
Total	0.20	-1.16	-

(Jun 30 2026) three months ended Q2
Revenue Growth rates by Segment	Y/Y Revenue %	Q/Q Revenue %
Total	554 %	629.51 %

(Jun 30 2026) three months ended Q2
Income Growth rates by Segment	Y/Y Income %	Q/Q Income %
Total	-	-

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