First American Uranium: Effective Date of Consolidation of Shares

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

[{"type":"text","content":" Vancouver, British Columbia , July 31, 2025 (GLOBE NEWSWIRE) -- First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) (the “Company”) announces, further to its news release of July 21, 2025 and effective August 6, 2025, the Company will consolidate the common shares in the capital of the Company (the “Shares”) on the basis of one (1) post-consolidated Share for each two (2) pre-consolidated Shares (the “Consolidation”).  The Company’s name and stock symbol will remain unchanged following the Consolidation.  The new CUSIP number will be 31858L309 and the new ISIN number will be CA31858L3092 for post Consolidation Shares. The Company currently has 12,247,181 Shares and will have approximately 6,123,590 post-consolidation Shares issued and outstanding.  No fractional shares will be issued as a result of the Consolidation.  Any fractional shares resulting from the Consolidation will be rounded up or down to the nearest whole Share.  Any outstanding incentive stock options and, if applicable, warrants of the Company will be adjusted on the same basis (1:2) to reflect the Consolidation, in accordance with their respective terms, with proportionate adjustments to the exercise prices. The Company’s post Consolidation Shares are expected to begin trading on the Canadian Securities Exchange (“CSE”) on or about August 6, 2025. Letters of transmittal with respect to the Consolidation will be mailed to all registered shareholders of the Company.  All registered shareholders will be required to send their respective certificates representing the pre-Consolidation Shares along with a properly executed letter of transmittal to the Company’s transfer agent, Endeavor Trust Corporation (the “Transfer Agent”), in accordance with the instructions provided in the letter of transmittal.  Additional copies of the letter of transmittal can be obtained through the Transfer Agent at 604-559-8880 or by e-mail to [email protected].  All shareholders who submit a duly completed letter of transmittal along with their respective pre-Consolidation Share certificate(s) to the Transfer Agent, will receive a post Consolidation Share certificate or Direct Registration Advice representing the post Consolidation Shares. About First American Uranium Inc. First American Uranium Inc. is engaged in the busine...

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