URM well poised in the uranium space With nuclear producing the least carbon dioxide equivalent emissions of any energy generation approach, a growing number of countries are looking at nuclear as a potential green energy solution, thus incentivizing uranium exploration and mining while M&A activity in the uranium sector is on the rise.
First American Uranium (URM.c FAUMF) has significant potential in this industry with a strategy to advancing its shareholder value as a North American uranium explorer in the growing uranium market.
URM's Red Basin Uranium/Vanadium Project in located in New Mexico, near 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.
There is significant potential here going forward as URM is accelerating the exploration of its uranium project to take advantage of:
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strong industry fundamentals that are driving recapitalization of the nuclear energy and uranium sectors,
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the current uranium bull market, and
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the under-representation of US based uranium miners across the energy sector
https://ca.finance.yahoo.com/news/first-american-uranium-updated-investor-120000471.html