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

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Post by StockHawk1 on Jun 06, 2023 6:27pm

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.