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 waves1on Jul 18, 2023 3:00pm

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Post# 35546572

Accelerated option agreement for Red Basin

First American Uranium (URM.c FAUMF) with almost 3x the average volume & a 9% jump today following the announcement of an accelerated option agreement for Red Basin Uranium/Vanadium Project in New Mexico.

Red Basin in URM's initial focus for becoming part of the American domestic uranium supply solution due to its significant potential to provide the US with such a critical element and this is a major step toward 100% ownership with an accelerated timeline for the acquisition.

https://financialpost.com/globe-newswire/first-american-uranium-announces-accelerated-amended-and-restated-option-agreement-related-to-the-uranium-vanadium-mineral-claims-located-in-catron-county-new-mexico

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