CanAm is pleased to announce that Uranium was priced at $135 a pound by UXC.com on June 4th. This is a dramatic increase from the inception of the company when prices were approximately $50 a pound.
The company is excited to see the rising prices. They are working actively on compiling the data within the optioned Bancroft Ontario projects drilled, including the Halo Project and Amalgamated Rare Earth Project completed in the month of May.
Ryan Gibson, CEO of CanAm, stated, “The company is excited about the continued grade of intercepts and average we have discovered in the Bancroft area when compared to the grades of past producing mines within the area, which give us positive news to report to our investors as Uranium prices continue to rise to $135 per pound. It comes at a great time, as our company reaches over 159,000 acres of prospective uranium properties to explore in some of the most prolific uranium mining regions of Canada and the World.”
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