First American Uranium Inc. a non-brokered private placement of 10,000,000 units at issue price of CAD 0.10 for gross proceeds of CAD 1,000,000 on December 15, 2022. Each unit consist of one common share and one half of one transferrable common share purchase warrant. Each Warrant will entitle the holder to purchase one additional share at a price of CAD 0.15 for a period of 24 months from the closing of the offering.

The company may pay a finder's fee on the offering within the amount permitted by the policies of the Canadian Securities Exchange. The closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canada Stock Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.