First Uranium Resources Ltd.
KMMIF
Other OTC0.13
USD
+0.02
- -
First Uranium Resources Ltd.
KMMIF
(Other OTC)
Recent
price
0.13
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- First Uranium Resources Ltd. (KMMIF) is a Canada-based mineral exploration company that engages in the acquisition, evaluation, and exploration of mineral resource properties, primarily focused on gold deposits in New Zealand. The company holds 100% interests in the Reefton Project, comprising three contiguous prospecting and exploration permits covering 56,104.82 hectares in the Reefton Goldfield within the Buller Province on New Zealand's South Island, a historic orogenic gold district with over three million ounces of past production from high-grade quartz vein systems; and the Glamorgan Project, spanning 4,644.5 hectares in the south-central Coromandel Range on the North Island's Hauraki Goldfield, a prolific epithermal district with more than 15 million ounces of historical gold and 60 million ounces of silver production. Exploration activities encompass diamond drilling, geophysical surveys including magnetic and resistivity methods, soil sampling, geological mapping, and AI-assisted targeting to delineate high-grade structures such as the Pactolus Vein System, Auld Creek, Cumberland, Murray Creek, and Gallant at Reefton, as well as epithermal systems at Glamorgan. Founded in 2016 and headquartered at 1500-1055 West Georgia Street, Vancouver, British Columbia, Canada, the company previously traded on the Canadian Securities Exchange under URNM before delisting and graduating to the TSX Venture Exchange under the symbol RUA, with concurrent listings on OTCQB as NZAUF. In a transformative reverse takeover completed on February 27, 2024, with Reefton Goldfields Inc., First Uranium acquired full ownership of Reefton Gold Limited, integrating advanced exploration programs and changing its name to Rua Gold Inc., which resumed trading on the CSE as RUA on March 4, 2024. Subsequent developments include an upsized C$8 million brokered private placement closed in July 2024 to fund Reefton drilling and TSX-V listing; a definitive agreement in July 2024, completed November 2024, to acquire Siren Gold Ltd.'s adjacent Reefton assets, establishing dominance over approximately 120,000 hectares in the goldfield with Siren retaining a 30% stake; a C$5.75 million brokered offering closed February 2025; a C$13.8 million oversubscribed brokered offering closed June 2025, fully exercising the over-allotment option; five-year extensions to Reefton permits and access in July 2024; phase 1 drilling exceeding 5,000 meters at Pactolus in April 2024; Glamorgan geophysical surveys commencing May 2024; high-grade drilling results through 2025 including 17m at 9.8 g/t AuEq at Auld Creek in September 2025 and 2.1m at 64 g/t AuEq in June 2025; executive appointments such as VP Exploration in October 2025 and VP Risk, Stakeholder & Regulatory Affairs in October 2025; and a share consolidation announced November 2024.
CSE Bulletin: Fundamental Change - First Uranium Resources Ltd./Rua Gold Inc.