First American Uranium closes first financing tranche

Mr. Murray Nye reports FIRST AMERICAN URANIUM ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF SHARES First American Uranium Inc., further to its news release of Aug. 14, 2025, has closed the first tranche of the previously announced non-brokered private placement of common shares in the capital of the company by the issuance of 1,639,000 shares at 30 cents per share for gross proceeds of $491,700.10. The company expects to close a second tranche of the offering in the coming weeks. In connection with the first tranche, the company paid finders' fees to eligible finders, consisting of $23,079.00 in cash and 25,830 common share purchase warrants. Each finder's warrant is exercisable to acquire one share at an exercise price of 30 cents per Share sor a period of 24 months from the date of issuance. All securities issued in connection with the first tranche are subject to a statutory hold period of four months plus a day ending on Dec. 30, 2025, in accordance with applicable securities legislation and policies of the Canadian Securities Exchange. The company intends to use the net proceeds from the offering to finance exploration work programs, mineral property acquisitions and marketing, and for general working capital purposes. About First American Uranium Inc. First American Uranium is engaged in the business of mineral exploration and the acquisition of mineral property assets in North America. Its objective is to locate and develop economic precious and base metal properties of merit, and to conduct its exploration programs on the Silver Lake property. The Silver Lake property is situated around Goosly Lake and approximately 30 kilometres southeast of the town of Houston, in the Omineca mining division, British Columbia. We seek Safe Harbor.