CanAm Uranium Corp. (CAUI.OB) Updates Investors on Latest News and Highlights
CanAm announced a Corporate Update this morning. Since the company decided to focus on Uranium, the spot price for the metal has increased from about $40 a pound to $135 a pound. CanAm’s main focus during this Fall will be on the development of the optioned mineral claims in Bancroft by drilling for concentrations of U3O8 in radioactive pegmatite. The property has historically produced 3 million pounds of Uranium. The six holes drilled on the Halo Project has shown assay results which are consistent with previous performance. CanAm has scheduled an exploration program which includes a 3600 line airborne radiometric,…