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

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First American Uranium Inc > "Right Project, Right Time"

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Post by waves1 on Apr 05, 2023 5:32pm

"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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