First American Uranium Engages with Local, State and Federal Authorities at the Red Basin Uranium Project Site at Catron County, New Mexico
First American Uranium Engages with Local, State and Federal Authorities at the
Red Basin Uranium Project Site at Catron County, New Mexico
Vancouver, British Columbia – August 8 , 2023 – First American Uranium Inc. (CSE: URM) (FSE: IOR)
(OTCPK: FAUMF) (the “Company”) is pleased to announce that it met with representatives of Cebola
National Forest and National Grasslands, the State of New Mexico Bureau of Geology and Mineral
Resources, as well as the New Mexico Department of Game and Fish at the Red Basin project site on
August 1, 2023.
Consulting geologist for the Company, Frank Bain met with members of the authorities to discuss the
recently updated Plan of Operations as well a s impacts and benefits to local communities and the
environment. The basin was heavily explored decades ago, including the drilling of many hundreds of
drillholes resulting in substantial historical resource definition. The Company intends to apply moder n
exploration techniques to the area and to combine the data it acquires with historical information where
available. Proper engagement with government authorities will be critical to this process.
“It is critical to our values to be good corporate citizens as well as environmental stewards while we
advance the project through exploration milestones. It is key that we work together with the relevant
authorities as well as local communities and their interests. Uranium mining i n New Mexico has a long
history and we want to continue to ensure that there is benefit to all stakeholders, local communities and
the greater environment.” said Shawn Balaghi, First American Uranium’s CEO.“ America is in serious need
of domestic uranium supply sources, and the Red Basin project has the potential to reliably provide this
critical element from its location in New Mexico, roughly 200 miles away from the only operating uranium
mill in America.”
About First American Uranium Inc.
First America n Uranium Inc. is engaged in the business of mineral exploration and the acquisition of
mineral property assets in North America. Its objective is to locate and develop economic precious and
base metal properties of merit and to conduct its exploration programs on the Silver Lake and Red Basin
properties. The Silver Lake property is situated around Goosly Lake and approximately 30 km southeast
of the town of Houston, in the Omineca Mining Division, British Columbia. The Company has acquired a
60% interest i n a company that indirectly holds a 100% interest in the Red Basin uranium/vanadium
mineral claims located in Catron County, New Mexico.
ON BEHALF OF THE BOARD
“Shawn Balaghi”
Shawn Balaghi, Chief Executive Officer
For further information, please contact: Telephone: (604) 773-0242
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This press 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 trading
of the Company's common shares on the CSE and the Company's use of proceeds and are subject
to all of the risks and uncertainties normally incident to such events. Investors are cautioned that
any such statements are not guarantees of future events and that actual events or developments
may differ materially from those projected in the forward - looking statements. Such for ward-
looking statements represent management's best judgment based on information currently
available. No securities regulatory authority has either approved or disapproved of the contents
of this news release. The Company undertakes no obligation to upd ate publicly or otherwise
revise any forward-looking statements, except as may be required by law.