QualityStock's Smallcap Stock Clients - CanAm Uranium Corp. (CAUI.OB)

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CanAm Uranium is one of our highlighted companies this month. The company engages in the exploration of natural resource properties. The company holds an option to acquire up to 80% interest in 8 Bancroft Uranium Projects comprising 37 mineral claims covering an area of approximately 9,765 acres, located in the Bancroft area of southeastern Ontario in Canada.

 

In our client’s news today,

 

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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