First American Uranium Inc. Announces Share Consolidation Plans

First American Uranium Inc. Share Consolidation Announcement

First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) has exciting news for its shareholders. Effective August 6, 2025, the company will undertake a consolidation of its common shares on a 1-for-2 basis. This means that for every two shares currently held, shareholders will receive one share following the consolidation.

Details of the Share Consolidation

The decision to consolidate shares aims to enhance the company's market position and shareholder value. Currently, First American Uranium has 12,247,181 common shares outstanding. After the consolidation, approximately 6,123,590 shares will remain. Notably, all shareholders will receive a uniform share distribution, as no fractional shares will be issued. Any resulting fractions will be rounded to the nearest whole share.

Adjustment of Options and Warrants

In alignment with the share consolidation, the company will adjust any existing incentive stock options and warrants based on the same 1-for-2 ratio. This adjustment ensures that the interests of all stakeholders are preserved, maintaining a fair approach to all options and warrants held prior to the consolidation.

Trading Information

The consolidated shares are set to commence trading on the Canadian Securities Exchange (CSE) on approximately August 6, 2025. This marks a critical transition for the company as it positions itself for greater capital efficiency and improved market presence.

Next Steps for Shareholders

Shareholders will receive letters of transmittal concerning this consolidation. These letters are essential as they allow shareholders to submit their pre-consolidation share certificates to First American Uranium's transfer agent, Endeavor Trust Corporation. This process is necessary to receive new certificates reflecting the consolidated shares.

Contacting the Transfer Agent

Shareholders can contact the transfer agent at 604-559-8880 for more details or to obtain additional copies of the transmittal letter. Submitted letters along with the required share certificates ensure that shareholders receive post-consolidation shares accurately and promptly.

About First American Uranium Inc.

First American Uranium Inc. is dedicated to mineral exploration and acquiring mineral property assets in North America. The company aims to identify and develop valuable precious and base metal properties. Among its notable projects are the Silver Lake and Red Basin properties, with the Silver Lake site located near Goosly Lake in British Columbia. The company continues to focus on successful strategic developments that align with its objective of maximizing shareholder value.

ON BEHALF OF THE BOARD
“Kelvin Lee”
Kelvin Lee, Chief Financial Officer

For further information, please contact: Telephone: (604) 961-0296

Frequently Asked Questions

What is the share consolidation ratio announced by First American Uranium?

The share consolidation will be conducted at a 1-for-2 ratio, meaning every two shares will be consolidated into one.

When will the consolidated shares start trading?

The post-consolidation shares are expected to begin trading on the Canadian Securities Exchange on or about August 6, 2025.

What if I hold fractional shares after the consolidation?

Any fractional shares resulting from the consolidation will be rounded up or down to the nearest whole share.

Will existing options and warrants be affected by the consolidation?

Yes, existing incentive stock options and warrants will be adjusted according to the same 1-for-2 ratio of the share consolidation.

How can shareholders obtain more information regarding the consolidation process?

Shareholders can contact Endeavor Trust Corporation, the company’s transfer agent, by phone at 604-559-8880 or via email for more information.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.