10:59 AM EDT, 06/24/2024 (MT Newswires) -- Premier American Uranium Inc. ( PAUIF ) and American Future Fuel Corporation ( AFFCF ) on Monday announced a new mineral resource estimate (MRE) for the Cebolleta Uranium Project in Cibola County, New Mexico.

Highlights include Indicated Mineral Resource of 18.6 million pounds of uranium equivalent grade (6.6 million short tons at an average grade of 0.14%) and Inferred Mineral Resource totaling 4.9 million pounds uranium equivalent grade (2.6 million short tons at an average grade of 0.10%).

The current MRE exceeds the historical inferred mineral resource that was prepared for American Future Fuel's ( AFFCF ) predecessor in 2014, upgrading 80% of previous inferred mineral resource to the indicated category, the company said.

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