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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.


CSE:URM - Post by User

Post by waves1on Apr 05, 2023 5:32pm
101 Views
Post# 35381985

"Right Project, Right Time"

"Right Project, Right Time"

"Right Project, Right Time: First American Uranium (CSE: URM)": https://senergy.club/first-american-uranium-inc-cse-urm/

 

Uranium has emerged from a 10 year bear market with the resurgence of nuclear power.

 

With uranium exploration and mining now being incentivized, activity in the sector is on the rise and First American Uranium (URM.c FAUMF) has significant potential and 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.

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