Red Basin Project is ~250 miles north of America's only operating uranium mill Drill target areas coincide with 1000+ historic holes drilled by Gulf Oil Corporation Presence of uranium/vanadium deposits indicate potential to become advanced stage project Vancouver, British Columbia, Sept. 13, 2023 -- First American Uranium Inc. is pleased to provide redrafted project maps and updates to the Company's exploration plan for [...]
New Mexico ranks second in US-based uranium reserves The Grants district produced more uranium for 30+ years than any other US district First American Uranium's Red Basin Uranium/Vanadium Property is located in the Grants district Vancouver, British Columbia, Sept. 07, 2023 -- First American Uranium Inc. is pleased to provide information on past exploration and production of uranium in New Mexico, specifically in the [...]
First American Uranium Inc. has received the final draft of its NI 43-101 Report for the Company's Red Basin Uranium/Vanadium Property, an early-stage exploration project located in Catron County, New Mexico, USA. The project, which consists of 26 optioned lode claims totaling ~537 acres , is ~250 miles north of the only operating uranium mill in America. The project's region produced 1,194 pounds of U3O8 in the 1950s [...]
First American Uranium Inc. has engaged consulting geologists Frank Bain and John E. Hiner, both P. Geos, to prepare a National Instrument 43-101 compliant technical report on the Company's Red Basin Uranium/Vanadium Project located in Catron County, New Mexico. The Red Basin Project is a historic mid-stage exploration project that was extensively drilled by the Gulf Oil Corporation in the late 1960s through the early [...]
First American Uranium Inc. announces, further to its news releases of June 23, 2022, June 27, 2022, and July 18, 2023, that the Company has issued 100,000 Shares at a deemed price of $0.25 per Share and paid US$50,000 to an arm's length optionor pursuant to an amended and restated option agreement entered between the Optionor and FirstAmerican Energy Fuels Ltd. , of which the Company has acquired 60% of its issued and [...]
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 [...]
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