First American Uranium (CSE:URM) closes private placement raising $857,500.00

• First American Uranium (URM) has closed a non-brokered private placement of units for gross proceeds of $857,500.00
• The company issued 8,575,000 units at $0.10 per unit
• Net proceeds will be used for further exploration of its current properties, new projects or acquisitions, and for working capital
• First American Uranium is focused on mineral exploration and the acquisition of mineral property assets in Canada
• First American Uranium Inc. (URM) opened trading at C$0.135

First American Uranium (URM) has closed a non-brokered private placement of units for gross proceeds of $857,500.00.

Under the offering, the company issued 8,575,000 units at $0.10 per unit. Each unit consists of one common share and one-half of one transferrable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share at a price of $0.15 on or before February 9, 2025.

All securities issued are subject to a statutory four-month hold period, ending on June 10, 2023.

The company will use the proceeds for further exploration of its current properties, new projects or acquisitions, and for working capital.

First American Uranium is focused on mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Silver Lake property in British Columbia.

First American Uranium Inc. (URM) opened trading at C$0.135.