Western Uranium & Vanadium Corp. (WSTRF)

OTC · Common Stock · Miscellaneous Metal Ores

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Corporate structure

17 entities across 7 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-04-15 — see the exhibit.

Which other public companies file entities in the same places:

Delaware5 Colorado4 Utah3 Wyoming2 Canada1 Australia1 Alaska1

Subsidiaries of Western Uranium & Vanadium Corp. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Western Uranium & Vanadium Corp	Canada
Western Uranium Corporation	Utah
Pinon Ridge Mining LLC	Delaware
Pinon Ridge Corporation	Colorado
Mustang Mineral Processing Inc	Colorado
Maverick Strategic Minerals Corp	Delaware
Black Range Minerals Limited	Australia
Black Range Minerals Inc.	Delaware
Black Range Development Utah, LLC	Utah
Black Range Minerals Utah LLC	Utah
Black Range Minerals Ablation Holdings Inc.	Colorado
Black Range Minerals Colorado LLC	Colorado
Black Range Minerals Wyoming LLC	Wyoming
Black Range Copper Inc.	Delaware
Haggerty Resources LLC	Wyoming
Ranger Resources Inc.	Delaware
Ranger Alaska LLC	Alaska

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 7

FAILReturn on assets positiveROA -20.8%
FAILOperating cash flow positiveOCF -6M
PASSReturn on assets improving-29.8% → -20.8%
PASSCash flow exceeds earningsOCF -6M vs NI -7M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving8.01 → 8.06
FAILNo share dilution55M → 64M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.01× → 0.01×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	—	−$2.4M	—	—	—
FY2021	$272,142	−$2.1M	−$6.2M	100.0%	36,838,441
FY2022	$7.9M	−$713,767	$3.5M	48.5%	42,815,086
FY2023	$431,065	−$4.9M	—	100.0%	44,073,655
FY2024	$183,803	−$10.1M	—	—	55,084,225
FY2025	$425,448	−$7.2M	—	—	64,055,465

Identity

CIK: 0001621906
LEI: 549300B2LQ6T4OJHXL41
FIGI: BBG00CFV69F6
SIC: 1090 · Miscellaneous Metal Ores
Incorporated: Ontario, Canada
Headquarters: TORONTO

Ownership

Institutional: 19.2%
Institutions: 8
Insiders: 7.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other miscellaneous metal ores companies

Western Uranium & Vanadium Corp. files under SIC 1090 — all 3 miscellaneous metal ores companies compared on assets and F-score.

URANIUM ENERGY CORPUEC enCore Energy Corp.EU

Questions about Western Uranium & Vanadium Corp.

How many subsidiaries does Western Uranium & Vanadium Corp. file with the SEC?: 17, listed in its most recent exhibit 21. They are incorporated across 7 jurisdictions, led by Canada, Utah, Delaware. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Western Uranium & Vanadium Corp. financially healthy?: Western Uranium & Vanadium Corp. scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

17 entities across 7 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-04-15 — see the exhibit.

Entity

Jurisdiction

Note

Western Uranium & Vanadium Corp

Canada

Western Uranium Corporation

Utah

Pinon Ridge Mining LLC

Delaware

Pinon Ridge Corporation

Colorado

Mustang Mineral Processing Inc

Colorado

Maverick Strategic Minerals Corp

Delaware

Black Range Minerals Limited

Australia

Black Range Minerals Inc.

Delaware

Black Range Development Utah, LLC

Utah

Black Range Minerals Utah LLC

Utah

Black Range Minerals Ablation Holdings Inc.

Colorado

Black Range Minerals Colorado LLC

Colorado

Black Range Minerals Wyoming LLC

Wyoming

Black Range Copper Inc.

Delaware

Haggerty Resources LLC

Wyoming

Ranger Resources Inc.

Delaware

Ranger Alaska LLC

Alaska

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 7

FAILReturn on assets positiveROA -20.8%
FAILOperating cash flow positiveOCF -6M
PASSReturn on assets improving-29.8% → -20.8%
PASSCash flow exceeds earningsOCF -6M vs NI -7M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving8.01 → 8.06
FAILNo share dilution55M → 64M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.01× → 0.01×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

—

−$2.4M

—

FY2021

$272,142

−$2.1M

−$6.2M

100.0%

36,838,441

FY2022

$7.9M

−$713,767

$3.5M

48.5%

42,815,086

FY2023

$431,065

−$4.9M

—

100.0%

44,073,655

FY2024

$183,803

−$10.1M

—

55,084,225

FY2025

$425,448

−$7.2M

—

64,055,465

Questions about Western Uranium & Vanadium Corp.

How many subsidiaries does Western Uranium & Vanadium Corp. file with the SEC?

17, listed in its most recent exhibit 21. They are incorporated across 7 jurisdictions, led by Canada, Utah, Delaware. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Western Uranium & Vanadium Corp. financially healthy?

Western Uranium & Vanadium Corp. scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.