Archive for the ‘CanAm Uranium Corp. CAUI’ Category

CanAm Uranium Corp. (CAUI.OB) Distributes November Newsletter

Monday, November 5th, 2007

Ryan Gibson, CEO of CanAm Uranium Corp., sent shareholders and interested investors the latest newsletter regarding his company’s latest events. The entire bulletin can be viewed below.

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There are many reasons why CanAm Uranium Corp is excited about its current position in the world of Uranium Exploration, especially when one considers its location to world-class uranium exploration and mining camps such as Cameco and JNR Resources.

As the CEO of the Company, I am most excited about the Athabasca Basin projects and the proximity of Wheeler-Beckett to current work being performed by our neighbor JNR Resources. Therefore, I have taken the time to construct this message to our newsletter subscribers to outline why the momentum and property exploration within the Athabasca Basin is so important for our firm and its shareholders.

The most recent activity we are excited about is the work of JNR Resources, trading on the Toronto Stock Exchange as JNN. JNR Resources recently announced on the Way Lake Project that they have completed the 2007 Way Lake Exploration Program.

In addition, on October 30th 2007 JNR Resources announced “JNR Announces Purchase of Two Diamond Drills” (More Detail Here). The significance of the purchase is the commitment of JNR to continue to drill the properties directly inline with our flagship Athabasca Basin Property. The properties mentioned included, 2007-08, drilling programs planned on the Way Lake, Black Lake, Newnham Lake and Yurchison Lake projects. This positive momentum was likely part of the results listed in their November 1st 2007 announcement of the Completion of the 2007 Way Lake Exploration Program, and prior releases with regards to the ground work and exploration on the aforementioned properties.

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CanAm Uranium Corp. (CAUI.OB) Continues Bullish Breakout After Announcing Upcoming Interview

Monday, October 1st, 2007

CAUI.OB share prices continued to escalate another 25.76% on top of its gains made last week after three weeks of consolidation. CanAm’s CEO, Ryan Gibson, will be featured in an exclusive interview with WallSt.net on October 2 at Noon EST. The interview will discuss topics such as the company’s recent quarter, potential of current exploration projects, joint venture opportunities, and milestones that investors should watch.

CanAm Uranium Corp. is focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially locations well-known for Uranium. CanAm has interest in over 159,000 acres of claims across Canada in some of the most prolific mining areas.

CanAm has an option to acquire 100% interest in the Wheeler-Beckett property located within the Athabasca Basin. The Wheeler-Beckett property contains 11 claims which are all located approximately 24 miles from the largest high-grade uranium mine in the world. Next to the property are JNR Resources claims which have also shown positive signs of Uranium.

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CanAm Uranium Corp. (CAUI.OB) Announces Completion of Survey for Future Mining Site

Thursday, September 27th, 2007

CanAm Uranium Corp. (CAUI.OB) announced the closing of the airborne survey for its uranium claims in the Athabasca Basin. The survey results have shown that the Athabasca Basin has significant potential for future uranium mineralization, similar to the already pertinent IUC/JNR Resources at Moore Lake.

Because CanAm Uranium is utilizing a leading survey tool, The Tempest, the company has access to resolving capabilities superior to traditional time domain systems. Additionally, The Tempest can inspect conductive horizons to a depth of over 400m while surveying the Athabasca Basin, a deeper depth then most systems can reach today.

The Athabasca Basin, approximately 15.8 Miles, is the largest, high – grade uranium mine in the world. The average production exceeds 389.1 million lbs with an average grade of 24.3%.

Michael Hitch, Chief Geoscientist and Director stated, “We are pleased to be able to use this discovery tool in the prolific Athabasca Basin. If there is a possibility of a new discovery, it certainly has a greater possibility in a world-class camp.”

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CanAm Uranium Corp. (CAUI.OB) Stock Price Rises 18%

Tuesday, July 17th, 2007

CanAm Uranium Corp. (CAUI.OB) makes bullish move in the market as shares rose a sharp 18% today on no news. Opening at a undervalued price of .43, shares price quickly rose to a high off .53, before consolidating the rest of the afternoon.

Incorporated in Nevada, CanAm Uranium Corp is a junior resource company with a corporate objective focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for Uranium, of Canada, Southern Africa, Australia and the United States. CanAm Uranium Corp. has optioned over 159,000 acres of claims collectively within the Saskatchewan Athabasca Basin, Ontario and British Columbia, with significant interest in prolific Uranium mining areas.

The company’s share price continues to make a strong bullish move in July, up 47.8% so far in twelve trading days.

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CanAm Uranium Corp. (CAUI.OB) Strengthens Management Team During Second Quarter

Friday, July 6th, 2007

In yesterday’s Corporate Update, CanAm reviewed the latest additions to management. All the additions have extensive experience and knowledge in their respective positions.

Paul Sarjeant, a P. Geo, has over twenty years of experienced in the mining industry, and has been involved in project evaluation and management for junior and senior companies in Canada and around the world.

Dr. Peter Born, a P. Geo, brings years of exploration and mining experience to the company, including project feasibility studies for companies in Canada. He worked previously with Western Mining (WMC) as a Senior Geologist, a Resource Geologist as well as a consultant/senior geologist. Dr. Born holds a Ph.D. in Earth Sciences with expertise in Precambrian Sedimentary Geology, Basin Analysis, Sedimentology, Stratigraphy and Sedimentary Ore deposits.

Mr R. Stuart, LL.B, is an independent business advisor to the mining industry. For over 25 years, Mr. Stuart has been involved with significant international exploration, development and mining ventures, and all aspects of their structuring and finance. He brings significant leadership experience as he has served as a director six times and also as a chairman.

Thomas Puszzo, a practicing lawyer, brings his knowledge from the areas of securities regulation and corporate finance. He has represented numerous companies and underwriters in the past, along with counseling public companies on maintaining compliance with Nasdaq, New York Stock Exchange and American Stock Exchange rules and Over-the-Counter Bulletin Board eligibility requirements.

The CEO of CanAm, Ryan Gibson, stated, “The key to success is location and people in mining. Be where the high-concentration Uranium is, and have the people and knowledge to finance the company and bring to production the discovery. I am confident with our location and our people which are driving the success of our company.”

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Investors Send Shares of CanAm Uranium Corp. (CAUI.OB) Up Sharply Early Thursday, as Company Provides Update

Thursday, July 5th, 2007

CanAm Uranium Corp. (CAUI.OB) announced a Corporate Update Thursday morning which outlined some very key points: 

Since CanAm Uranium’s Board of Directors chose to focus on Uranium as the cornerstone of the company, Uranium has increased from roughly $40 per pound to $135 per pound at its current spot price as of July 2nd 2007.
 
CanAm has grown to over 4,000 investors and 159,000 acres of prospective Uranium Properties in some of the world’s most prolific uranium mining areas including Bancroft, Ontario and the Athabasca Basin Saskatchewan.

At Bancroft, CanAm Uranium Corp.’s fieldwork focus has been the development of the optioned mineral claims in Bancroft by drilling for as high of grade as possible concentrations of U3O8 in radioactive pegmatite. The Bancroft Uranium Property comprising of 8 optioned mineral claims consists of 3 million historic pounds of Uranium.

At Wheeler-Beckett, CanAm Uranium Corp. has title of 100% of a 51,000 hectare, 11 claims property located in South East Athabasca Basin Saskatchewan. CanAm Uranium Corp. decided in early 2007 that the Athabasca Basin hosts some of the most successful Uranium Mines and Companies in the world, and therefore, the rate of success by growing within the Athabasca Basin would move CanAm Uranium to the forefront of Uranium Exploration Companies.

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CanAm Uranium Corp. (CAUI.OB) Updates Investors on Latest News and Highlights

Thursday, July 5th, 2007

CanAm announced a Corporate Update this morning. Since the company decided to focus on Uranium, the spot price for the metal has increased from about $40 a pound to $135 a pound.

CanAm’s main focus during this Fall will be on the development of the optioned mineral claims in Bancroft by drilling for concentrations of U3O8 in radioactive pegmatite. The property has historically produced 3 million pounds of Uranium. The six holes drilled on the Halo Project has shown assay results which are consistent with previous performance.

CanAm has scheduled an exploration program which includes a 3600 line airborne radiometric, magnetic, and electromagnetic survey on its 51,000 hectare, 11 claims Wheeler-Beckett property located in South East Athabasca Basin Saskatchewan.

CanAm has also made grass root acquisitions in Ontario and British Columbia. It has acquired 100% interest in the Reilly Uranium Property located in the Mining Division of Sault St. Marie Ontario which contains 23 contiguous mining claims adding up to over 12,650 acres. The Sault District was once known as the uranium capital of the world and has produced more than 270 million pounds of U3O8 with remarkable consistency.

Also contained in the corporate update, CanAm revealed that it is actively researching the London AIM exchange listing requirements as it wishes to expand its reach to commodity driven markets. Thus far, the research has been favorable for dual listing.

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CanAm Uranium Corp. (CAUI.OB) Has a Promising Future in the Uranium Industry

Wednesday, July 4th, 2007

The price for Uranium has recently increased sharply because of a forecasted shortage. It is estimated that the market will be 80 million pounds short each year.

The Uranium industry has tremendous global potential. It has never been stronger in Canada, and Saudi Arabia’s interest in nuclear energy is expected to stimulate more demand for the metal.

CanAm’s future is bright as analysts believe uranium prices will be increasing from the lack of supply. Last year, only 65% of the demand was met and it is expected that the percentage of completed orders will be even fewer this year.

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The Shares of CanAm Uranium Corp. (CAUI.OB) Advanced Up 14.95 % Today on Solid Volume, as BUYINS.NET Reported the Squeeze Trigger Price

Thursday, June 21st, 2007

BUYINS.NET reported that it is reiterating coverage of CanAm Uranium Corp. (CAUI.OB) after releasing the latest short sale data to June 2007.

From December 2006 to June 2007 approximately 54.8 million total aggregate shares of CAUI have traded for a total dollar value of nearly $53.7 million. The total aggregate number of shares shorted in this time period is approximately 4.2 million shares.

The CAUI SqueezeTrigger price of $0.98 is the volume weighted average short price of all short selling in CAUI. The first of several short squeezes is expected to begin when shares of CAUI close above $0.69.

CanAm Uranium Corporation is a Nevada incorporated junior resource company with a corporate objective focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for uranium, of Canada, Southern Africa, Australia and the United States.

CanAm Uranium Corp. has optioned over 159,000 acres of claims collectively within the Saskatchewan Athabasca Basin, Ontario and British Columbia, with significant interest in prolific uranium mining areas.

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Buyins.Net Reports $0.98 SqueezeTrigger Price for CanAm Uranium Corp. (CAUI.OB)

Thursday, June 21st, 2007

Buyins.Net reported that approximately 54.8 million aggregate shares of CAUI.OB have been traded for a dollar amount of about $53.7 million. Of the 54.8 million shares, 4.2 million have been estimated to be shorted.

The SqueezeTrigger price of $0.98 is the volume-weighted average short price of all the short selling taken place in CAUI. The first of several short squeezes is expected to commence when the shares of CAUI.OB close above $0.69.

Below is a table with the information Buyins.Net provided:

 Month          Total Vol.    Short Vol.    Avg. Price   Short $ Value
—–          ———-    ———-    ———-   ————-
December ’06      129,076        9,939     $   0.96     $     9,492
January ’07       160,880       12,388     $   1.03     $    12,697
February          120,200        9,255     $   1.14     $    10,551
March           9,664,498      744,166     $   1.24     $   924,627
April          17,585,832    1,354,109     $   1.14     $ 1,543,684
May            13,666,735    1,052,339     $   0.87     $   918,165
June           13,438,500    1,034,765     $   0.69     $   715,333

Total:         54,765,721    4,216,961     $   0.98     $ 4,134,549

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CanAm Uranium Corp. (CAUI.OB) Share Prices Rise Up 21.50% on Solid Volume

Thursday, June 21st, 2007

CAUI.OB share prices have been increasing rapidly since this morning. Investors are taking notice of CanAm’s potential as Uranium prices reach new heights.

CanAm has optioned interest in the most important uranium-producing district in the World. The claims are located on the eastern edge of the Athabasca Basin.

The future for Uranium is very strong as analysts believe uranium prices will be increasing from the lack of supply to meet demand. Last year, only 65% of the demand was met and it is expected that the percentage of completed orders will be even fewer this year.

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CanAm Uranium Corp. (CAUI.OB) Reports Drilling Progress at Bancroft Project with Analysis Due within Two Weeks

Friday, June 8th, 2007

CanAm Uranium Corp. (CAUI.OB) reports the completion of nine drill holes on the Amalgamated Rare Earth #2 project in Bancroft Ontario by Operator El Nino Ventures Inc. between May 1 and May 28th, with a total of 1,989 m (6,525 ft.) drilled.

El Nino is going to expedite results by putting semi-rush status on core samples from the later holes. When the results come in over the next two weeks, a summary of findings will be delivered to CanAm Uranium Corp. and published online.

CanAm Uranium Corp. is actively working on compiling the data within the optioned Bancroft Ontario projects drilled, including the Halo Project and Amalgamated Rare Earth Project completed in the month of May. 

The Company noted, “We are excited with the progress and the average grades of the drill program which confirm historical results on the Bancroft Project optioned by CanAm Uranium. It’s also important to look at the similarity in grade in comparison to past producing mines. We look forward to receiving the assays from the 9 holes drilled in May,” says Ryan Gibson CEO.

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CanAm Uranium Corp. (CAUI.OB) Completes Drilling Nine Holes on the Amalgamated Rare Earth No. 2 Project

Friday, June 8th, 2007

CanAm is pleased to announce the completion of nine drill holes on the project in Bancroft, Ontario by Operator El Nino Ventures Inc. The Operator will be expediting the results by rushing the status on core samples. The summery of the findings will be published when they arrive in the next two weeks.

The company is currently working on compiling data on the optioned Bancroft Ontario projects. Bancroft was well known for its uranium, producing over 4,862,000 lbs between 1956 and 1982. CanAm and El Nino are actively working to relive the historical results.

The CEO of CanAm Uranium, Ryan Gibson, stated, “We are excited with the progress and the average grades of the drill program which confirm historical results on the Bancroft Project optioned by CanAm Uranium. It’s also important to look at the similarity in grade in comparison to past producing mines. We look forward to receiving the assays from the 9 holes drilled in May.”

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With a Global Shortage of Uranium Ore coupled with Attractive Ore Prices, CanAm Uranium Corp. (CAUI.OB) is Uniquely Positioned for Exploration and Production

Thursday, June 7th, 2007

With a spot price of $135 per pound, the increase in the market price for this important commodity highlights the significance of CanAm Uranium Corp.’s exploration and development projects.  

CanAm Uranium Corp. (CAUI.OB) continues to make progress. The Company is actively working on compiling the data within the optioned Bancroft Ontario projects drilled, including the Halo Project and Amalgamated Rare Earth Project completed in the month of May.

Bancroft is home to four past producing mines between 1956 and 1982. Bancroft was well known for its uranium, producing a total of 14,862,653 lbs U3O8 between 1956 and 1982. It is important to note the Faraday Mine within the same geological area produced 2,544,716 tons of ore which were averaging .1074% U3O8.

The Halo Project first round of drilling on Halo confirms historical results by intercepting average grade of 0.09% (1.6 lbs) U3O8 over 8.9 meters (34 feet), which included 0.31% U3O8 (6.2 lb ton over 1.52 meters). CanAm Uranium Corp. and El Nino Ventures Inc are currently working on proving the historical estimates of over 3 million lbs of U3O8 within the optioned Bancroft claims.

CAUI projects include the Bancroft project, in Ontario, with 3 million pounds of historical U3O8 resource and the Wheeler-Beckett and Don McCarthy claims in the Athabasca Basin, adjacent to two world-class Uranium mines: Cigar Lake and McArthur River Mine.

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CanAm Uranium Corp. (CAUI.OB) – Uranium Spot Price Hits $135 a Pound

Thursday, June 7th, 2007

CanAm is pleased to announce that Uranium was priced at $135 a pound by UXC.com on June 4th. This is a dramatic increase from the inception of the company when prices were approximately $50 a pound.

The company is excited to see the rising prices. They are working actively on compiling the data within the optioned Bancroft Ontario projects drilled, including the Halo Project and Amalgamated Rare Earth Project completed in the month of May.

Ryan Gibson, CEO of CanAm, stated, “The company is excited about the continued grade of intercepts and average we have discovered in the Bancroft area when compared to the grades of past producing mines within the area, which give us positive news to report to our investors as Uranium prices continue to rise to $135 per pound. It comes at a great time, as our company reaches over 159,000 acres of prospective uranium properties to explore in some of the most prolific uranium mining regions of Canada and the World.”

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CanAm Uranium Corp. (CAUI.OB) Share Prices Rise 8.54% this Morning

Tuesday, June 5th, 2007

Investors are noticing CanAm’s positive results and uranium’s future as the company’s share prices escalate rapidly this morning.

The Uranium industry has potential all over the globe. It has never been stronger in Canada, and Saudi Arabia’s interest in nuclear energy will stimulate more demand for the metal.

The future is bright for CanAm as analysts believe uranium prices will be increasing from the lack of supply to meet demand. Last year, only 65% of the demand was met and it is expected that the percentage of completed orders will be even fewer this year.

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CanAm Uranium Corp. (CAUI.OB) has Shown an Aggressive Acquisition Strategy while Staying On Task and Hitting All Milestones

Friday, June 1st, 2007

CanAm Uranium Corp. (CAUI.OB) has been in the news, of late highlighting its aggressive acquisition strategy, while staying on task and hitting all milestones.

Key points include:

1) CAUI has expanded the Athabasca Basin, with the Denisson Property

2) CanAm now basically owns 70% of the Reilly block in Sault St. Marie

3) The Company is set for the fly-over of the Wheeler-Beckett to take place in July.

4) Company has been meeting drill commitments at Bancroft

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CanAm Uranium Corp. (CAUI.OB) Acquires Option to Buy 100 Percent of Uranium Property in Sault St. Marie Ontario

Thursday, May 31st, 2007

CanAm Uranium Corp. (CAUI.OB) reports that it has acquired an option to own 100% of the Reilly Uranium Property in the Sault St. Marie District of Ontario. The acquisition expands CanAm Uranium Corp’s property holdings to over 159,000 acres of Uranium claims collectively.

The Reilly Uranium Property is located in the Mining Division of Sault St Marie Ontario in the Reilly Mining District, consisting of 23 contiguous mining claims totaling 5,120 hectares total or just over 12,650 acres.

“The uranium market is currently experiencing unprecedented price gains due to surging global demand and increasingly uncertain supply, rising from a long-term base of roughly US$10 per pound, a level seen earlier this decade, to a recent high of US$125 per pound,” said Dr Michael Hitch, Chief Geoscientist. “Many market analysts anticipate sustained strength in the uranium price for years to come”.

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CanAm Uranium Corp. (CAUI.OB) Expands Property Holdings into the Athabasca Basin

Thursday, May 31st, 2007

CanAm recently announced it’s acquisition of the Don McCarthy Claim located in the Athabasca Basin. The claim is in an excellent position as it is near high-grade mines, and has great potential to match their output.

Other features of the claim include the unconformity mineralized with uranium at numerous locations along the eastern edge, several geochemical anomalies of Uranium, and neighboring exploration properties.

The CEO of CanAm Uranium, Ryan Bigson, is very excited about the land package and is optimistic of the future results.

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Shares of CanAm Uranium Gain 5.52 % Today, before Company Announces Property Option on Don McCarthy Claim

Tuesday, May 29th, 2007

CanAm Uranium Corp. (CAUI.OB), reported late today that on May 28th, 2007, the Company agreed to proceed with the acquisition of a 100% interest in the Don McCarthy Claim, (the “Claim”), located in the Athabasca Basin from Geomode Mineral Exploration Ltd. (“Geomode”), expanding CanAm Uranium Corp’s property holdings to 146,925 acres of claims collectively.

The Claim is considered to be a high priority target due to its proximity to large, high-grade uranium mines and its potential to host similar mineralization.

The Claim is located on the eastern edge of the Athabasca Basin, approximately 15.8 miles (25.5km) southeast of Cigar Lake and 25.5 miles (41km) east of the McArthur River Mine (Cameco/Cogema), which is the largest, high-grade uranium mine in the world.

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CanAm Uranium Corp. (CAUI.OB) Completes Option Agreement for Expansion into the Athabasca Basin

Tuesday, May 29th, 2007

After the bell, CanAm announced that it has agreed to acquire a 100% interest in the Don McCarthy Claim. This new acquisition now totals the company’s property holdings to 146,925 acres of claims.

The Don McCarthy Claim is believed to have plenty of potential as it is located just 25.5 miles west of the largest, high-grade uranium mine in the world. It is known that the basement regolith of the Don McCarthy property is mineralized with uranium at many locations on the eastern edge of the claim.

Ryan Gibson, CEO of CanAm Uranium Corp., stated that the company is very excited to have land inside the Athabasca Basin, and is optimistic in regards to the acquisition. In closing he stated, “We believe CanAm could attract joint venture partners in the region with this asset”.

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CanAm Uranium Corp. (CAUI.OB) – Important Sector in the Alternative Energy Market Uses Uranium as a Primary Source

Monday, May 28th, 2007

Nuclear fission reactors depend on Uranium as its primary energy source. Nuclear energy is a safe, efficient, and emission-free way to produce energy without using up fossil fuels.

Until lately, Uranium prices have been largely depressed. But now the demand is so strong that the market isn’t expected to be satisfied with the current supply.

The future is very bright for CanAm as analysts believe uranium prices will continue to increase as demand grows stronger, and supply runs short. In 2006, only 65% of the demand was met, and it is expected that the percentage of completed orders will be even fewer this year.

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Shares of CanAm Uranium Corp. (CAUI.OB) were Up 2.63% Early Thursday, as Company Announces Property Evaluation for Wheeler-Beckett

Thursday, May 24th, 2007

CanAm Uranium Corp. (CAUI.OB), reports the results of a Preliminary Property Evaluation of the Wheeler-Beckett Claims Northern Saskatchewan by Dr. Peter Born, P.Geo.

The evaluation has confirmed that there are several compelling reasons for exploration activity on the Wheeler-Beckett Claims, Northern Saskatchewan. Dr. Born noted:  

A) a 3.7 mile (6 km) long northeast conductive zone: potentially a  graphitic horizon, analogous with the nearby Hook Lake Showing, which sampled greater than 40% U3O8, and the Eagle Point Uranium deposit

 
B) a prominent derivative gravity anomaly (high values) which could be related to the unconformity

C) a significant arsenic anomaly at the northwest boundary of the 
property, at the edge of the basin

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CanAm Uranium Corp. (CAUI.OB) Announces Initial Evaluation Report of the Wheeler-Beckett Claims

Thursday, May 24th, 2007

CanAm is pleased to announce the results taken by Dr. Peter Born, P.Geo. The Preliminary Property Evaluation of the Wheeler-Beckett Claims confirmed that there is more then one reason for further exploration the Wheeler-Beckett Claims.

CanAm Uranium Corp.’s Wheeler-Beckett Claims are located on the edge of the Athabasca basin in Northern Saskatchewan. The Athabasca Basin is one of the fastest growing areas for Uranium exploration in the world.

The results are consistent with the Company’s plans to perform a heliborne EM, Mag and radiometric survey, and the subsequent ground survey follow-up to locate potential diamond drill targets.

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CanAm Uranium Corp. (CAUI.OB) Signs Definitive Agreement for Expansion into the Athabasca Basin

Monday, May 21st, 2007

CanAm is pleased to announce that it has entered into a Definitive Property Option Agreement with Geomode Mineral Exploration Ltd. (“Geomode”), to obtain a 100% interest in the Don McCarthy Claim.

The Don McCarthy Claim is known as a high priority target because it is located closely to large, high-grade uranium mines giving it the potential to bring similar results. The largest, high-grade uranium mine in the World is just 21.7 miles (35km) west of the Don McCarthy Claim.

Ryan Gibson, CEO of CanAm Uranium stated, “The expansion of our property holdings in the world famous Athabasca Basin, and the acquisition of a prior Denison & IUC property are momentous in CanAm’s goal to acquire and develop significant Uranium exploration properties in the most prolific regions of Canada. With exploration properties like the Don McCarthy and the Wheeler-Beckett, combined with promising work program results, CanAm could attract some of the larger joint venture partners in the region.”

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