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First American Uranium Inc C.URM

Alternate Symbol(s):  FAUMF

First American Uranium Inc. is a Canada-based exploration stage junior mining company. The Company is engaged in the identification, acquisition and exploration of mineral properties in Canada. The Company’s projects include Silver Lake Property and Red Basin Uranium/ Vanadium. The Silver Lake project is an exploration stage project approximately 30 kilometers (km) southeast of Houston, British Columbia (BC) in the Omineca Mining Division. The property comprises eight contiguous mineral claims totaling 1647.24 hectares (ha). The Red Basin property is located in Catron County, New Mexico, United States of America. The property is located approximately 15 miles northeast of Pie Town, New Mexico, approximately 80 miles east-northeast of Springerville, Arizona and approximately 85 miles southwest of Albuquerque, New Mexico.


CSE:URM - Post by User

Post by StockHawk1on Mar 09, 2023 3:08pm
65 Views
Post# 35328841

US goverment supporting domestic uranium

US goverment supporting domestic uranium

The US Government has given multiple incentives to those operating in the US uranium sector including Inflation Reduction Act tax incentives and a $6 billion government fund to keep nuclear plants running

https://www.globenewswire.com/news-release/2023/03/02/2619284/0/en/First-American-Uranium-Provides-Update-on-Uranium-Market-Fundamentals-US-Sector-Opportunity.html


First American Uranium (URM.c FAUMF) is a North American-based jr mining company that currently controls one American and one Canadian property. 


URM's US property, Red Basin (Catron County, New Mexico) was estimated by previous owners to contain between 1.6 and 6.5M pounds of U3O8. 


URM plans to conduct a regional airborne radiometric survey of the project, followed by other studies that will assess the project's Uranium production potential. The Red Basin project is also prospective for Vanadium.


The company recently raised $857,500, putting them in a good cash position to explore Red Basin and their Canadian property, Silver Lake

https://ca.finance.yahoo.com/news/first-american-uranium-announces-closing-130000334.html

 
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