Silver Lake near notable mining properties First American Uranium (URM.c FAUMF) recently raised $857,500, putting the company in a good cash position to start more exploration work on its Red Basin and Silver Lake Uranium Properties.
Work by previous owners estimates that Red Basin contains between 1.6 and 6.5M pounds of U3O8.
To assess the project's Uranium potential itself, URM plans to conduct a regional airborne radiometric survey of the project, followed by other studies.
The Silver Lake property is near notable operations like the Equity Silver Mine.
