Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

CSE:URM - Post Discussion

First American Uranium Inc > URM seeing some movement today

View:

Post by waves1 on Jun 13, 2023 4:48pm

URM seeing some movement today

Good movement for First American Uranium (URM.c FAUMF), up 7% today!

URM recently closed its non-brokered private placement for gross proceeds of almost $400k with the proceeds to be allocated towards URM's current properties including the Red Basin Uranium/Vanadium Project as well as new projects and acquisitions.

With significant potential due to its a strategy of advancing shareholder value as a North American uranium explorer in the growing uranium market, URM is focused on its Red Basin Uranium/Vanadium Project in New Mexico, located in close proximity to the only operating uranium mill in America.

Notably, previous studies have estimated a resource between 1.5 and 6.5 MILLION pounds U3O8 at the Red Basin property and it has the potential to become an advanced stage project as indicated by the initial draft NI 43-101 report which confirmed the presence of uranium/vanadium deposits.

https://firstamericanuranium.com/