First American Uranium Inc. to Enter Quebec with Planned Strategic Acquisition of Rare Earth Elements Niobium Properties in the Grenville Province, Quebec

• This acquisition will mark First American Uranium Inc.’s initial entry into Quebec with five properties in the Grenville Province, one of the most prospective regions for critical minerals in Canada
• Properties host multiple rare earth, niobium and nickel-copper showings, including historical samples returning 2.7% Total Rare Earth Elements (“TREE”) and 3,190 ppm niobium (“Nb”)

Vancouver, BC, Oct. 07, 2025 (GLOBE NEWSWIRE) -- First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) (“First American Uranium”, or the “Company”) is pleased to announce that it has entered into a property purchase agreement (the “Agreement”) with a group of arm’s length vendors, pursuant to which the Company will acquire a 100% legal and beneficial interest in certain mineral properties free of any NSRs comprising a strategic land package in the Grenville Province of Quebec (the “Properties”), representing the Company’s first entry into the province. The acquisition includes five properties located in the regional municipalities of La Haute-Côte-Nord, La Tuque, and Le Fjord-du-Saguenay — a region recognized for its high concentration of critical mineral occurrences relative to other geological provinces in Quebec. 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, as well as the phosphurus projects of Bégin–La Marche and Lac à l’Original.

The Properties host a series of rare earth element (REE), niobium (Nb) and nickel-copper (Ni-Cu) projects that demonstrate strong potential for critical mineral exploration and development in the Grenville Province:

Key Showings and Historical Results

• Blanchette-1 (REE): A grab sample collected by Quebec government geologists returned 2.7% TREE, including 4,090 ppm Nd, hosted in a granitic pegmatite.

• Sabot (REE): A grab sample collected by government geologists returned 0.21% TREE, including 365 ppm Nd, within a quartziferous syenite.

• Blanchette-1 bis (Ni-Cu): A nickel-copper quartz vein sample returned 0.25% Cu and 0.1% Ni, hosted in a highly deformed paragneiss associated with gabbro boudins.

• Bardy (REE): A grab sample collected by Quebec government geologists returned 0.68% TREE, including 1,150 ppm Nd, hosted in a granitic pegmatite.

• Seigneurie Deposit (Nb-REE): Originally drilled by SOQUEM in 1978, pegmatites up to 50 metres wide were intersected, containing uneconomic uranium and thorium values. However, in 2010, a local prospector collected grab samples, one of which returned 3,190 ppm Nb and 4,031 ppm TREE. Notably, these pegmatites have not been systematically assayed for rare earths or other critical minerals.

Strategic Significance