UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the  

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 19, 2016

Registrant’s telephone number, including area code: (416) 564-2870

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

On August 19, 2016, Western Uranium Corporation (the “Company”) closed a non-brokered private placement (the “Private Placement”), which the Company originally announced in a press release dated June 29, 2016, of 1,042,282 units (the “Units”) for gross proceeds of US$1,367,871. The Private Placement remains subject to final regulatory approval. Each Unit consists of one common share of the Company (a “Share”) plus one common share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one Share at a price of Cdn$2.80 for a period of 5 years following the closing date of the Private Placement. The Warrants contain a provision that if the Company’s shares trade at or above Cdn$4.25 per share for 15 consecutive trading days, the Company may, at any time after the expiry of the applicable statutory hold period, accelerate the expiration of the Warrants upon not less than 30 days’ written notice by the Company. A total of 20 accredited investors (as defined in Rule 501(a) of Regulation D) participated in the placement. The Company relied on Rule 506(b) of Regulation D for offers and sales of the Units to both U.S. and non-U.S. subscribers and intends to file Form D with respect to the Private Placement.

Item 8.01. Other Events.

On August 19, 2016,Western Uranium Corporation issued a press release announcing the closing of the Private Placement described above in Item 3.02. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.