First American name change to take effect Nov. 20

Executive Summary

• First American Uranium Inc. officially changes its name to North American Niobium and Critical Minerals Corp., effective November 20, 2025.
• The company is pivoting its strategic focus from uranium exploration to niobium and critical minerals, driven by the acquisition of a land package in Quebec's Grenville province.
• Common shares began trading under the new symbol "NIOB" on the Canadian Securities Exchange on November 5, 2025, with new CUSIP and ISIN identifiers assigned.

Key Details

• New Corporate Name: North American Niobium and Critical Minerals Corp.
• Effective Date of Name Change: November 20, 2025.
• Trading Symbol: NIOB (Canadian Securities Exchange).
• Trading Start Date: November 5, 2025.
• New CUSIP: 65704Y107.
• New ISIN: CA65704Y1079.
• Strategic Rationale: Transition from a uranium-focused explorer to a leader in North America's critical minerals sector.
• Key Asset Acquisition: Strategic niobium and critical minerals land package in the Grenville province of Quebec.
• Portfolio Expansion: The Quebec properties provide exposure to rare earth elements, niobium, and nickel-copper occurrences, expanding the company's footprint into critical minerals important for energy and defense applications.
• Existing Assets: Retains the Silver Lake property in British Columbia's Omineca mining division.

Notable Quotes

• "Today marks a defining moment in our company's evolution. With the acquisition of our strategic niobium and critical minerals land package in the Grenville province of Quebec and our new name, North American Niobium and Critical Minerals Corp., we are evolving from a uranium-focused explorer into a leader in North America's critical minerals sector." — Murray Nye, Chief Executive Officer.
• "Niobium and related metals are essential to the clean energy transition and advanced manufacturing and our Quebec projects position us at the forefront of this opportunity. We remain committed to responsible exploration, strong community partnerships and building a secure domestic supply of critical minerals for North America's future." — Murray Nye, Chief Executive Officer.