Recent News and Upcoming Work at Red Basin Project Considering uranium production in the US is from just 1 mill in Utah forcing the US to depend on foreign imports, it’s worth investigating junior uranium explorers with high potential to reach production and contribute to diversifying the domestic supply.
URM.c FAUMF is currently exploring in New Mexico at their Red Basin Project made up of 26 claims across 537 acres.
They announced last week a non-brokered PP for gross proceeds of up to $445,000 that’ll partially go to the Red Basin Project adding to the $857k in a PP to conduct further exploration later this yr at the project.
+ they have a NI 43-101 report coming soon which I’ll be keeping an eye out for considering the initial draft of the report has been evaluated by several sources confirming the presence of uranium/vanadium deposits.
https://financialpost.com/globe-newswire/first-american-uranium-announces-non-brokered-private-placement-of-units