First American Uranium Inc. Completes Acquisition of Rare Earth Elements Niobium Properties in the Grenville Province, Quebec

Core Insights - First American Uranium Inc. has completed the acquisition of a 100% interest in mineral properties in Quebec's Grenville Province, marking its entry into a mining-friendly jurisdiction [1][4] - The acquisition involves the issuance of 4,020,000 common shares at a deemed price of $0.85 per share to the vendors [2][3] - The properties are recognized for their potential in rare earth elements, niobium, and nickel-copper occurrences, which are critical for defense and aerospace applications [5][10] Acquisition Details - The acquisition was finalized under a property purchase agreement dated October 6, 2025, with the vendors transferring the properties free of encumbrances [1][2] - The total land package now consists of 519 claims covering 29,936 hectares, including 39 claims acquired and an additional 480 claims staked by the company [4][8] Strategic Importance - The properties are expected to enhance the company's exploration portfolio and strengthen its presence in the critical minerals sector, which is increasingly important for domestic supply chains [5][8] - The company aims to explore non-dilutive funding opportunities with U.S. government agencies to support development aligned with U.S. critical mineral policies [6][10] Mineral Potential - Notable mineral showings include high concentrations of total rare earth elements and niobium, with specific samples returning significant grades such as 2.7% TREE and 3,190 ppm Nb [7][10] - The Grenville Province is viewed as a highly prospective region for critical minerals, which are essential for various advanced technologies [5][10]