First American Uranium Makes Option Payment and Issues Shares Related to the 100% Acquisition of Uranium/Vanadium Mineral Claims in New Mexico

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Vancouver, British Columbia, Aug. 14, 2023 (GLOBE NEWSWIRE) — First American Uranium Inc. (CSE:
URM ) ( the “Company”) 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 (the “ Optionor ”) pursuant to an amended and restated option agreement (the “ Amended and Restated Option Agreement ”) entered between the Optionor and FirstAmerican Energy Fuels Ltd. (“ FirstAmerican ”), of which the Company has acquired 60% of its issued and outstanding shares. Article content

Shawn Balaghi, CEO commented, “We are pleased to be moving to the next step of the Company’s acquisition of the Red Basin property. Our board and management believe that timing could not be more critical for acceleration of the move […]

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