Private Placement of Flow Through Shares
First American Announces Private Placement of Flow-Through
Shares
- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S.
NEWSWIRE SERVICES -
Vancouver, BC, November 6, 2025 – First American Uranium Inc. (CSE: NIOB) (FSE: IOR)
(OTCQB: NIOMF) (“First American Uranium”, or the “Company”) is pleased to announce
that it will proceed with a non-brokered private placement of up to 1,811,594 flow-through common
shares in the capital of the Company (the “FT Shares”) at $1.38 per FT Share for gross proceeds of
up to $2,500,000 (the “Offering”). Each FT Share will be issued as a “flow -through share” as
defined in subsection 66(15) of the Income Tax Act (Canada) and in section 359.1 of the Taxation
Act (Quebec) with respect to purchasers in Quebec.
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 FT 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 FT Shares sold in the Offering. Each
finders’ warrant will entitle the holder to acquire one non-flow-through common shares in the
capital of the Company (a “Share”) at a price of $ 1.38 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 gross proceeds from the issuance of the FT Shares will be used to incur eligible “Canadian
exploration expenses” in Quebec that qualify as “flow-through mining expenditures” as such terms
are defined in the Income Tax Act (Canada). The Company has agreed to renounce such qualifying
expenditures with an effective date of no later than December 31, 2025, in an amount of not less
than the total amount of the gross proceeds raised from the issuance of FT Shares, and incur such
expenses by December 31, 2026.
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 issued 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 flow-through financing provides us with the resources to advance our exploration programs
in Quebec in a meaningful way,” said Murray Nye, Chief Executive Officer of First American
Uranium. “We’re encouraged by the strong investor interest and look forward to accelerating work
on our properties as we continue to unlock the potential of our critical minerals portfolio.”
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 offered 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 a North American 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 (416) 300-7398
CSE: NIOB
OTCQB: NIOMF
FSE:IOR
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.
Forward-Looking Statements
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 rel ating 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. I nvestors 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 forward -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 update publicly or otherwise revise any forward -looking
statements, except as may be required by law.