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 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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