First Uranium Resources Ltd. is pleased to announce that further to its news release of March 9, 2022, it has entered into a definitive agreement providing it with an option to acquire all of the shares of Southwind Corp. Southwind's principal asset is a land package in Arkansas comprising a phosphate and rare earth metals project. The Option Agreement becomes effective following the satisfaction of certain conditions [...]
First Uranium Resources Ltd. is pleased to announce it has further increased the size of the brokered private placement announced on March 9, 2022 and upsized on March 24, 2022 and March 25, 2022 to an aggregate total of $10,000,000 due to significant institutional demand. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended , or applicable state securities laws, and may not be [...]
First Uranium Resources Ltd. is pleased to announce it has increased the size of the previously announced financing to C$8,000,000. The Company will issue subscription receipts of up to $8,000,000 gross proceeds at a price of $0.35 per subscription receipt for a total of up to 22,857,150 subscription receipts. Each subscription receipt is convertible into one common share and one half of a share purchase warrant, each [...]
First Uranium Resources Ltd. is pleased to announce it has entered into a binding letter of intent for an option to acquire all of the shares of Southwind. Southwind Corporation is an Arkansas based phosphate and heavy rare earth development project operated by experienced geologists and resource entrepreneurs; Paul Barrett and Erika Syba. The project assets host high-grade, surface phosphate deposit highly enriched with [...]
Karam Minerals is pleased to announce that, effective January 14, 2022, the Company’s name will change from “Karam Minerals Inc.” to “First Uranium Resources Ltd.”. The Company’s common shares will begin trading on the Canadian Securities Exchange on January 14, 2022 under the new name and the trading symbol for the Company will change from “KMI” to “URNM”. The new CUSIP will be 33745A108 and the new ISIN number will be [...]