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CAUI Set to Add New Uranium Property

CanAm Uranium Corp. (CAUI.OB) reports that it has acquired an option to own 100% of the Reilly Uranium Property in the Sault St. Marie District of Ontario. The acquisition expands CanAm Uranium Corp’s property holdings to over 159,000 acres of Uranium claims collectively.

The Reilly Uranium Property is located in the Mining Division of Sault St Marie Ontario in the Reilly Mining District, consisting of 23 contiguous mining claims totaling 5,120 hectares total or just over 12,650 acres.

“The uranium market is currently experiencing unprecedented price gains due to surging global demand and increasingly uncertain supply, rising from a long-term base of roughly US$10 per pound, a level seen earlier this decade, to a recent high of US$125 per pound,” said Dr Michael Hitch, Chief Geoscientist. “Many market analysts anticipate sustained strength in the uranium price for years to come”.

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