First American Uranium Announces Second Payment under the Option Agreement for Interest in the Silver Lake Property

Classified in: Mining industry

Vancouver, British Columbia, Feb. 21, 2023 (GLOBE NEWSWIRE) — First American Uranium Inc. (CSE: URM ) (FSE: I0R) ( the "Company") is pleased to announce that the Company has made the second payment in cash and in shares (the " Second Payment ") pursuant to the Option Agreement dated November 27, 2020 (the " Option Agreement ") between the Company and Multiple Metals Resources Ltd. (" Multiple Metals "). Pursuant to the Option Agreement, and in order to earn a 100% interest in the Silver Lake Property in British Columbia (the " Property "), the Company will pay a total of $400,000 and issue a total of 500,000 common shares in the capital of the Company (the " Shares ") in stages to Multiple Metals.

Pursuant to the Option Agreement, the Company has already paid $10,000 and issued 100,000 Shares as directed by […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet