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 > Uranium spot prices up 18% YTD

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Post by waves1 on Jun 30, 2023 1:37pm

Uranium spot prices up 18% YTD

Uranium has garnered significant attention as a profitable investment due to the renewed interest in nuclear energy, causing uranium spot prices to shoot up ~18% YTD. (Source: https://www.wsj.com/articles/how-uranium-can-be-a-shelter-from-economic-meltdown-16beecc)

The heart of the uranium bull thesis lies in the widespread adoption of nuclear energy given its viability as a critical source of carbon-free base load energy. With the recent resurgence in positive sentiment surrounding nuclear power, the uranium industry is primed for long-term growth.

Having recently secured funds to conduct further exploration at its Red Basin Project later this year, First American Uranium (URM.c FAUMF) is one company that is firmly positioned for significant value appreciation as the project develops given the latest estimated resource was between 1.5 and 6.5 million pounds U3O8