First American Uranium Announces Accelerated Amended and Restated Option Agreement Related to the Uranium/Vanadium mineral claims located in Catron County, New Mexico

Vancouver, British Columbia, July 18, 2023 (GLOBE NEWSWIRE) — First American Uranium Inc. (CSE: URM ) ( the “Company”) announces, further to its news releases of June 23 and June 27, 2022, that FirstAmerican Energy Fuels Ltd. (“ FirstAmerican ”), of which the Company has acquired 60% of its issued and outstanding shares, has entered into an amended and restated option agreement (the “ Amended and Restated Option Agreement ”) amending and restating the option agreement between FirstAmerican and an arm’s length optionor (the “ Option Agreement ”), pursuant to which FirstAmerican holds an option to acquire a 100% interest in and to certain mineral claims located in Catron County, New Mexico (the “ Property ”). The Company has assumed all of the obligation of FirstAmerican under the Option Agreement, including paying any cash and issuing any shares contemplated therein.

Pursuant to the Option Agreement, the […]

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