First American Uranium Announces Non-Brokered Private Placement of Shares
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First American Uranium Announces
Non-Brokered Private Placement of Shares
- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -
Vancouver, British Columbia – August 14, 2025 – First Am erican 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 i ssued 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 offe red 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
mineral property assets in North America. Its object ive is to locate and develop economic precious and
base metal properties of merit and to conduct its ex ploration programs on the Silver Lake property. The
Silver Lake property is situated around Goosly La ke and approximately 30 km southeast of the town of
Houston, in the Omineca Mining Division, British Columbia.
ON BEHALF OF THE BOARD
“Murray Nye”
Murray Nye, Chief Executive Officer
For further information, please contact: Telephone: (604) 961-0296
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The CSE does not accept responsibility for the adequacy or accuracy of this release.
This news release includes "forward-looking information" that is subject to a number of assumptions, risks
and uncertainties, many of which are beyond the control of the Company. Forward-looking statements
may include but are not limited to, statements relating to the completion of the Offering on the terms
described herein or at all, and the use of proceeds and available funds following the completion of the
Offering and are subject to all of the risks and uncertainties normally incident to such events. Investors
are cautioned that any such statements are not guar antees of future events and that actual events or
developments may differ materially from those projected in the forward-looking statements. Such
forward-looking statements represent management' s best judgment based on information currently
available. No securities regulatory authority has eith er approved or disapproved of the contents of this
news release. The Company undertakes no obligation to update publicly or otherwise revise any forward-
looking statements, except as may be required by law.