First American Uranium Provides Update on Uranium Market Fundamentals & US-Sector Opportunity

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

[{"type":"text","content":" Vancouver, British Columbia, March 02, 2023 (GLOBE NEWSWIRE) -- First American Uranium Inc. (CSE: URM) (FSE: IOR) (the “Company”) is pleased to provide an overview of the uranium market and the US-specific potential for growth in nuclear power and uranium exploration and mining. Nuclear energy supplies 10% of the world’s power generation[1] and ~20% of America’s electricity. However, to reach global decarbonization targets, the International Energy Agency (IEA) projects that nuclear power production will have to increase by 80% by 2040.[2] Shawn Balaghi, First American Uranium’s CEO, commented: “Between increasing international investment in nuclear energy and rising uranium spot prices that are helping drive strong and sustainable economics, there are many factors contributing to the positive outlook for uranium. First American Uranium is excited to be working hard to become part of the US domestic supply solution at this time.” Advantages of Nuclear Energy Far lower greenhouse gas emissions than fossil fuels and even lower than solar or wind[3] 24/7 energy supply helps stabilize the grid and prevent blackouts[1] Highest capacity factor of the different energy production options[1] One of the safest sources of energy in the world (0.07 deaths/TWH), on par with solar (0.02) and wind (0.04) while being multiple times lower than coal (24.6), oil (18.4) and natural gas (2.8)[3] Supports national energy security by providing electricity that is largely independent from fuel market price fluctuations[1] Americans support nuclear energy more than ever (69% say nuclear reduces pollution and keeps America competitive and energy independent)[4] The nuclear industry is a “very high performer” from an ESG (environmental, social, and governance) perspective[5] Turning To Nuclear Major nations are facing growing electricity demand and aggressive decarbonization targets. In turn, a growing number of countries are looking to nuclear power policies, investments and production as potential solutions to their energy mix.[6] France recently announced €1 billion to support small nuclear reactors and pledged to construct 14 new generation reactors. South Korea set a target for nuclear to account for 30% of their total power generation. China intends to build 150 nuclear reactors over the next 15 years.[3] Even Japan, despite the 2011 Fukushima nucl...

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