With a focus on bolstering the US uranium supply chain and reducing dependence on Russian imports, First American Uranium (URM.c FAUMF) is strategically positioned in the US uranium market. URM closed up today with above-average volume.
URM's flagship Red Basin Project, located in New Mexico, holds significant promise for uranium and vanadium deposits.
Red Basin has a rich history of uranium exploration dating back to the 1950s, and previous estimates suggest a resource between 1.6 and 6.5 million pounds of U3O8 in the region. These promising indications make it a highly prospective site for uranium and vanadium extraction.
The project also benefits from its proximity to a key uranium mill, signaling potential synergies and operational advantages.
More here: https://firstamericanuranium.com/projects