First American Uranium Inc. is pleased to announce that it met with representatives of Cebola National Forest and National Grasslands, the State of New Mexico Bureau of Geology and Mineral Resources, as well as the New Mexico Department of Game and Fish at the Red Basin project site on August 1, 2023. Consulting geologist for the Company, Frank Bain met with members of the authorities to discuss the recently updated Plan [...]
First American Uranium Inc. announces, further to its news releases of June 23 and June 27, 2022, that FirstAmerican Energy Fuels Ltd. , of which the Company has acquired 60% of its issued and outstanding shares, has entered into an amended and restated option agreement amending and restating the option agreement between FirstAmerican and an arm's length optionor, pursuant to which FirstAmerican holds an option to acquire [...]
First American Uranium Inc. announces, further to its news releases of May 4 and May 23, 2023, that the Company has closed the previously announced non-brokered private placement of units of the Company by the issuance of 2,633,314 Units at $0.15 per Unit for gross proceeds of $394,997.15 . Each Unit consists of one common share in the capital of the Company and one transferrable common share purchase warrant . Each [...]
First American Uranium Inc. is pleased to announce that it will proceed with a non-brokered private placement of up to 2,800,000 units of the Company at $0.15 per Unit for gross proceeds of up to $445,000 . Each Unit will consist of one common share in the capital of the Company and one half of one transferrable common share purchase warrant . Each Warrant will entitle the holder to purchase one additional Share at a [...]
First American Uranium Inc. is pleased to announce that its common shares are now eligible for book-entry and depository services through Depository Trust Company in the United States. As the largest securities depository in the world, DTC manages electronic clearing and settlement for securities of publicly traded companies in the United States. DTC eligibility will simplify the process of trading and transferring Common [...]
First American Uranium Inc. is pleased to announce an updated Investor Presentation that covers the Company's strategy for advancing its shareholder value as a North American uranium explorer in the growing uranium market. "The wave of global interest and investment in clean, nuclear energy is strengthening the positive outlook for uranium in both the near and long term," said Shawn Balaghi, First American Uranium's CEO [...]
First American Uranium Inc. is pleased to provide an overview of the uranium market and the US-specific potential for growth in nuclear power and uranium exploration and mining. Nuclear energy supplies 10% of the world's power generation[1] and ~20% of America's electricity. However, to reach global decarbonization targets, the International Energy Agency projects that nuclear power production will have to increase by 80% by [...]
First American Uranium Inc. is pleased to announce that the Company has made the second payment in cash and in shares pursuant to the Option Agreement dated November 27, 2020 between the Company and Multiple Metals Resources Ltd. . Pursuant to the Option Agreement, and in order to earn a 100% interest in the Silver Lake Property in British Columbia , the Company will pay a total of $400,000 and issue a total of 500,000 [...]
First American Uranium Inc. is pleased to announce the appointment of Shawn Balaghi as Chief Executive Officer of the Company. Mike England has resigned as Chief Executive Officer of the Company, but will remain on the Board of Directors. Mr. Balaghi brings over 20 years of experience in the capital markets industry globally, holding key roles in finance, corporate development, and strategic planning. Previously, he has [...]
First American Uranium Inc. is pleased to announce, further to its news release of December 15, 2022, that the Company has closed the previously announced non-brokered private placement of units of the Company by the issuance of 8,575,000 Units at $0.10 per Unit for gross proceeds of $857,500.00 . Each Unit consists of one common share in the capital of the Company and one half of one transferrable common share purchase [...]
Prosperity Exploration is pleased to announce that the Company will change its name to First American Uranium Inc. effective September 16, 2022. The new CUSIP number will be 31858L101 and the new ISIN number will be CA31858L1013 under the new name of the Company. The Company expects that the common shares of the Company will commence trading on the CSE under the new stock symbol “URM” for the new name of the Company on or [...]
Prosperity Exploration Corp. is pleased to announce that further to its press release of June 23, 2022 it has closed the acquisition of 60% of the issued and outstanding shares of FirstAmerican Energy Fuels Ltd. pursuant to the terms of a share exchange agreement dated effective June 23, 2022 among the Company, TargetCo and the shareholders of TargetCo and indirectly acquired an option held by TargetCo for the acquisition [...]