Core Viewpoint - North America Niobium and Critical Minerals Corp. successfully closed an oversubscribed private placement, raising approximately $1.96 million through the issuance of flow-through common shares, which will be utilized for exploration expenses in Quebec [1][3]. Group 1: Financial Details - The company issued 1,351,955 flow-through common shares at a price of $1.45 per share, resulting in gross proceeds of $1,960,334.75, exceeding the initially proposed amount [1]. - The total flow-through funding secured for the 2026 exploration program amounts to $4.82 million, positioning the company for strategic exploration initiatives [3]. - Finder's fees paid in connection with the offering included $137,223.43 in cash and 94,636 common share purchase warrants, each exercisable at $1.45 for 24 months [2]. Group 2: Use of Proceeds - The gross proceeds from the issuance of flow-through shares will be allocated to eligible "Canadian exploration expenses" in Quebec, specifically for critical mineral mining expenditures as defined by the Income Tax Act (Canada) [1]. - The company has committed to renouncing qualifying expenditures by December 31, 2025, and incurring such expenses by December 31, 2026 [1]. Group 3: Company Overview - North American Niobium and Critical Minerals Corp. focuses on the acquisition and development of precious, base, and critical mineral assets, with properties including the Silver Lake property in British Columbia and a newly acquired land package in Quebec [5]. - The Quebec properties enhance the company's exposure to rare earth elements, niobium, and nickel-copper occurrences, which are strategically important for energy and defense applications [5].

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]

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