analyst comment, page-3

Looks like Mr. Molyneux and Azarga have lost faith in WUC, need to raise cash, or more likely both.  From Azarga's year-end financial statements issued two days ago:

Investment in Western Uranium Corporation

Western Uranium is listed on the Canadian Securities Exchange (CSE: WUC).  As at
December 31, 2015, the Company’s ownership interest in Western Uranium was 4.0%. The
Company acquired its ownership interest in Western Uranium through the Black Range
Merger. The Company accounts for its investment in Western Uranium as FVTPL and fair
value changes are recorded through profit or loss.

In the fourth quarter of 2015, the Company determined that its investment in Western
Uranium should be classified as held for sale. No impairment charge was recognized at the
time of this reclassification. The Company has developed, initiated and committed to a plan
to sell its investment in Western Uranium, the investment is available for immediate sale in
its current condition and the Company considers the sale of its investment to be highly​

probable in 2016.