12:00 PM EDT, 07/29/2025 (MT Newswires) -- (Updates shares.)

Premier American Uranium ( PAUIF ) on Tuesday released positive drill results from the Cyclone Rim ISR uranium project in Wyoming.

Results include 0.09% uranium equivalent over 15.5 feet, including 0.097% uranium equivalent over 14 feet and 0.1% uranium equivalent over 13.5 feet.

The company said it has completed 14 of the 25 planned conventional rotary drill holes, for a total of 10,600 feet of drilling in 2025.

Both mineralized zones remain open in multiple directions and the company expects to focus on them for its 2025 drill campaign.

"We are encouraged by the strong results emerging from drilling at Cyclone Rim," chief executive Colin Healey said. "With each phase, our understanding of the mineralized system improves, and we remain focused on expanding known zones of mineralization while also uncovering new areas of potential mineralization."

The company's shares were last seen up $0.07 to $1.18 on the TSX Venture Exchange.

Price: 1.18, Change: +0.07, Percent Change: +6.31