Critical Minerals Investment
First American Uranium Issues Statement on Canada’s G7 Mineral
Strategy – Highlights Canada’s Role in the Global Critical Minerals
Supply Chain
Vancouver, BC, November 4, 2025 – First American Uranium Inc. (CSE: URM) (FSE: IOR)
(OTCQB: NIOMF) (“First American Uranium”, or the “Company”) is pleased to respond to
the announcement by the Govern ment of Canada’s announcem ent of new international
investments and partnerships to strengthen critical-minerals supply chains and advance sustainable
resource development.
The Company views this initiative as a significa nt step toward reinforc ing Canada’s position in
the global supply chain and is encouraged by th e opportunity created fo r responsible domestic
development of strategic critical minerals. As Canada takes meaningful steps to strengthen its
critical minerals ecosystem, First American Uranium’s early-stage niobium and neodymium assets
align with this national direction aimed at building a more resilient and self-reliant supply chain.
Key Highlights:
Canada’s commitment to large-scale investme nt and partnership de als at the G7 summit
underscores the national priorities around sustainable mining, critical-minerals security and
energy-transition infrastructure development
Niobium plays a fundamental role in high-strength, lightweight steels and advanced alloys
that are essential for electric vehicles, wind turbines, grid infrastructure, and other low-
carbon technologies
Beyond clean energy, niobium’s high strength, heat resistance, and superconducting
properties make it critical to defense and aerospace applications, including jet engines,
armored materials, and advanced magnetic systems
First American Uranium is well-positioned to advance domestic, low-carbon footprint
production of niobium in North America, aligning with Canada’s strategic objectives and
those of its G7 defense and energy partners
The Company welcomes the Government’s recognition of the importance of diverse and
resilient critical minerals supply chain and looks forward to contributing to that vision
through timely product development, strong en vironmental stewardship, and engagement
with Indigenous and local communities
“Canada is abundantly endowed w ith natural resources, and cons equently we believe it makes
strategic sense for our critical minerals supply to be sourced domestically,” said Murray Nye, CEO
of First American Uranium. “With our country’s commitment to investing in responsible domestic
development of strategic critical minerals, we believe that First American is in the right jurisdiction
with the right stakeholders to advance our projects, contribute to our critical minerals value chain,
and grow shareholder value over the long-term.”
ABOUT FIRST AMERICAN URANIUM INC.
First American Uranium Inc. is a North Ameri can mineral exploration company focused on the
acquisition and development of precious, base, and critical mineral assets. Its portfolio includes
the Silver Lake property in British Columbia’s Omineca Mining Division and a recently acquired
land package in Quebec’s Grenville Province. The Quebec properties add exposure to rare earth
elements (REE), niobium (Nb), and nickel-copper (Ni-Cu) occurrences, expanding the Company’s
footprint into critical minerals that are strategically important for energy and defense applications.
ON BEHALF OF THE BOARD OF DIRECTORS:
Murray Nye
Chief Executive Officer
1055 West Georgia Street, Suite 1500
Vancouver, BC V6E 0B6
Canada
For further information, please contact:
Murray Nye, CEO
Email: [email protected]
Phone: +1 (604) 416-4099
CSE:URM
OTCQB: NIOMF
FSE:IOR
This news release does not constitute an offer to sell or a solicitation of an offer to buy any
securities in the United States. The securities described herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”),
or any applicable state securities laws, and may not be offered or sold within the United States or
to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act
and applicable state securities laws, or pursuant to an available exemption from such registration
requirements.
Forward-Looking Statements
This news release contains “f orward-looking statements” within the meaning of applicable
Canadian securities legislation. All statements in this release, other than st atements of historical
fact, that address events, results, outcomes or developments that the Company expects, anticipates
or intends to occur in the future, or that otherw ise reflect management’s expectations or beliefs
about future events, are forward-looking statem ents. Forward-looking statements are generally,
but not always, identified by the use of words and phrases such as “expects,” “plans,” “anticipates,”
“believes,” “intends,” “estimates ,” “projects,” “potential,” “oppor tunity,” “strategy,” “target,”
“forecast” and similar expressions, or statements that events, conditions or results “will,” “would,”
“may,” “could,” or “should” occur or be achieved.
Forward-looking statements in this release include, but are not limited to: (i) statements regarding
the Properties and their minera l prospectivity; (ii) the Co mpany’s planned exploration,
development and evaluation activities on the Prope rties; (iii) the anticipated benefits of the
Acquisition, including the expansion of the Company’s exploration portfolio, increased exposure
to critical mineral targets, and the potential to enhance long-term shareholder value; and (iv) the
potential for the Grenville Province to host significant rare earth element, niobium, nickel-copper
or other critical mineral depos its. Such forward-looking statemen ts are based on the Company’s
current plans, intentions, expectations and beliefs and are subject to certain assumptions, including,
without limitation, assumptions th at required regulatory approvals will be obtained in a timely
manner, that financing will be available on reas onable terms, and that exploration results will
continue to support the prospectivity of the Properties.
Although the Company believes the e xpectations expressed in such forward-looking statements
are reasonable, such statements are not guarantee s of future performance or outcomes and actual
results may differ materially from those expressed or implied in the forward-looking statements.
Factors that could cause actual resu lts to differ materially from those anticipated include, but are
not limited to: the timing and r eceipt of required regulatory approvals; changes in commodity
prices and market conditions; the availability of capital and financing on acceptable terms; general
economic, business and political conditions; risk s inherent in mineral exploration and
development, including operational risks, geol ogical uncertainties, en vironmental risks and
accidents; changes in government regulation or policy; and the speculative nature of mineral
exploration and development. Additional inform ation regarding risks an d uncertainties faced by
the Company is available in the Compa ny’s public disclosure record on SEDAR+
(www.sedarplus.ca).
Readers are cautioned that forwar d-looking statements are not guarantees of future performance,
and undue reliance should not be placed on them. The forward-looking stat ements contained in
this release are made as of the date hereof a nd are based on information currently available and
management’s beliefs, estimates, expectations and opinions at that time. Except as required by
applicable securities laws, the Company undertakes no obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or otherwise.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of
this release and has neither approved nor disapproved the contents of this press release