10:27 AM EDT, 10/07/2025 (MT Newswires) -- First American Uranium (URM.CN) said Tuesday that it has sealed an agreement to acquire a 100% interest in certain mineral properties free of any NSRs in Grenville, Quebec, marking the company's entry into the province.

The properties will be acquired for 4 million shares valued at $0.85 each.

The acquisition includes five properties located in the regional municipalities of La Haute-Cote-Nord, La Tuque, and Le Fjord-du-Saguenay. The area also hosts significant projects such as the niobium Niobec Mine, which was sold for US$500 million in 2015, the niobium Lac Crevier project, and the phosphurus projects of Begin-La Marche and Lac l'Original, a statement said.

The properties to be acquired consist of 39 claims covering 2,240 hectares. First American has staked an additional 480 claims covering 27,696 hectares in and around the properties.

First American closed at $0.85 on Oct. 6, on the Canadian Securities Exchange.