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 Prepping NI 43-101 Report on Red Basin

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Post by SkywalkerofLuke on Aug 21, 2023 3:49pm

URM Prepping NI 43-101 Report on Red Basin

URM.c FAUMF up 7% today with the announcement that they’re prepping an NI 43-101 technical report on the Red Basin Uranium Project.

Report will consider a detailed accounting of exploration work completed at Red Basin to date, a summary of the compiled data, and recommendations for additional exploration work.

Red Basin has 26 claims over 537 acres and previous studies have estimated the resource at the property between 1.6M - 6.5M pounds U3O8 w/ only a $4.93M MC. Will be watching for any updates.

https://financialpost.com/globe-newswire/first-american-uranium-to-prepare-ni-43-101-compliant-technical-report-for-us-based-red-basin-uranium-vanadium-project

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