Core Points - The company is changing its name from First American Uranium Inc. to North American Niobium and Critical Minerals Corp. effective November 20, 2025 [1] - The common shares began trading under the new stock symbol "NIOB" on November 5, 2025 [2] - The CEO stated that the acquisition of a strategic niobium and critical minerals land package in Quebec marks a significant evolution for the company, transitioning from a uranium-focused explorer to a leader in the critical minerals sector [3] - Niobium and related metals are highlighted as essential for the clean energy transition and advanced manufacturing [3] - The company is committed to responsible exploration and building a secure domestic supply of critical minerals for North America [3] Company Overview - First American Uranium Inc. is focused on the acquisition and development of precious, base, and critical mineral assets [4] - The company's portfolio includes the Silver Lake property in British Columbia and a newly acquired land package in Quebec, which adds exposure to rare earth elements, niobium, and nickel-copper occurrences [4] - The Quebec properties are strategically important for energy and defense applications [4]

Core Viewpoint - Ramaco Resources plans to establish a strategic stockpile of rare earth elements (REE) and critical minerals at its Brook mine in Wyoming to ensure secure access to these vital resources [1][2]. Company Developments - The stockpile aims to meet both private and public demands for reliable access to REE and critical minerals [2]. - Ramaco's board has authorized a plan to increase Brook's projected output of rare earth and critical mineral oxides to approximately 3,400 short tons annually, up from a previous target of 1,240 tons [4]. - The company intends to apply for necessary permits to expand mining operations on remaining land and has recently acquired additional land for future development [8]. Industry Context - The initiative comes as the U.S. seeks to reduce reliance on China, which currently dominates about 90% of rare earth refining and permanent magnet production [5]. - Brook mine could become the second new REE mine in the U.S. in 70 years, following the Mountain Pass mine in California [6]. Resource Potential - Brook is recognized as having the largest unconventional rare earth deposit in North America and is believed to be a primary source for scandium, gallium, and germanium [3][9]. - The site contains significant quantities of heavy REEs, including dysprosium and terbium, essential for advanced technologies [9]. Economic Assessment - A proposed REE processing facility at Brook is estimated to cost about $533.1 million, with a projected unlevered pre-tax internal rate of return of 38% and a payback period of five years [11]. - Scandium is expected to contribute 59% of the facility's total revenue [12]. Strategic Partnerships - Ramaco has partnered with a nationally recognized commodity structuring and financial advisor to support its capital expenditures and financing through off-take contracts [12].