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Bullboard - Stock Discussion Forum 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... see more

CSE:URM - Post Discussion

First American Uranium Inc > New Investor Deck
View:
Post by SkywalkerofLuke on May 12, 2023 5:10pm

New Investor Deck

New URM.c FAUMF investor deck - does a great job outlining how they’re working to accelerate the exploration of its Red Basin uranium project in New Mexico to take advantage of 


- Strong industry fundamentals that are driving recapitalization of the nuclear energy

- The current uranium bull market

- The under-representation of US based uranium miners across the energy sector (countries like the US are working to ween off imported uranium and foster a domestic supply)


They have a NI 43-101 report planned for the Red Basin project with initial drafts confirming the presence of uranium/vanadium deposits, indicating the potential to become an advanced stage project.


https://firstamericanuranium.com/first-american-uraniums-updated-investor-presentation-outlines-corporate-strategy-strategic-domestic-project-investment-highlights/

Comment by waves1 on May 15, 2023 6:02pm
With the non-brokered private placement for gross proceeds of up to $445,000 set to close this week, I'm eager to see what the next step is for URM given Red Basin has significant potential as previous studies have estimated a resource between 1.5 and 6.5 MILLION pounds U3O8
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