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 North America. 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 and comprises approximately 86 staked claims.

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First American Uranium Inc

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Post by StockHawk1on Feb 06, 2023 5:22pm

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Post# 35270439

URM valuation and share structure

First American Uranium Inc. (URM.C) controls The Red Basin Uranium/Vanadium Project located in New Mexico. Studies not done by URM estimate that Red Basin has a resource of 1.6-6.5 million lbs. of U3O8

URM is set to start a work program once its 2x oversubscribed Private placement closes.

Another big draw to this uranium Jr other than its assets is that it has a great valuation compared to its peers and a tight share structure, definitely worth checking out.

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