Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

CSE:URM - Post Discussion

First American Uranium Inc > Uranium on the move - look out for URM

View:

Post by StockDoctor101 on Feb 02, 2023 3:12pm

Uranium on the move - look out for URM

Spot uranium broke above $51 today marking a new 3 month high. With the west pivoting away from reliance on Russia, uranium demand has spiked and adds to the upside here with URM and its great valuation of $3M.

Also, I like the fact that there is a historical estimate on Uranium lbs at the Red Basin project in New Mexico. Gives a great speculative insight on what could be coming over the near term for URM. Couple this with the low flow & great entry valuation, it'll only be a matter of time before we get some more eyes on URM.