First American Uranium Announces Non-Brokered Private Placement of Shares

About this update from North American Niobium And Critical Minerals Corp.

[{"type":"text","content":" Vancouver, British Columbia, Aug. 14, 2025 (GLOBE NEWSWIRE) -- First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) (the “Company”) is pleased to announce that it will proceed with a non-brokered private placement of up to 8,000,000 common shares in the capital of the Company (the “Shares”) at $0.30 per Share for gross proceeds of up to $2,400,000 (the “Offering”). In connection with the Offering, the Company will pay finders’ fees of up to 7.0% of the gross proceeds raised by the Company from the sale of Shares to subscribers directly introduced to the Company by eligible finders.  In addition, the Company will issue to eligible finders non-transferable finders’ warrants of up to 7.0% of the number of Shares sold in the Offering.  Each finders’ warrant will entitle the holder to acquire one Share at a price of $0.30 per Share for a period of 24 months from the date of issuance, all in accordance with the policies of the Canadian Securities Exchange (“CSE”).  The Company intends to use the net proceeds from the Offering to fund exploration work programs, mineral property acquisitions, marketing and for general working capital purposes. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE.  The Offering is not subject to a minimum aggregate amount of subscriptions.  All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the CSE. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.  The securities being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws. About First American Uranium Inc. First American Uranium Inc. is engaged in the business of mineral exploration and the acquisition of mi...

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