First American Uranium Inc FAUMF

Primary Symbol: C.URM

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 Jun 06, 2023 6:27pm

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Post# 35483366

URM raises $395k for Silver Lake and Red Basin properties

First American Uranium's (URM.c FAUMF) current exploration programs are centered around its Silver Lake and Red Basin properties. The previous owners of the Red Basin Project estimated that it holds between 1.6 and 6.5 million pounds of U3O8, while the Silver Lake Property is strategically situated near significant mines such as the Equity Silver Mine.

URM recently completed a non-brokered private placement raising gross proceeds of $394,997 which will go towards the Silver Lake and Red Basin properties and possibly new project acquisitions.