On 06/16/2008, CanAm Uranium Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

CanAm Uranium Corp. reported operating results for the year 2008. The new results announce the existence of anomoulous radioactivity in the Amalgamated Rare Earth #2 property, which was wide spread in pegmatite. A weighted average of 0.07% grade U3O8 was calculated from all 95 samples from radioactively anomolous drill core. Results suggest from Amalgamated Rare Earth #2 that a uranium resource at a grade of 0.07% U3O8 might be established in the pegmatites on the property. Second Drill Target: The drill was moved to the second target, the Amalgamated Rare Earth project (ARE). Between 1952 and 1957, diamond drilling and underground development identified three zones of uranium mineralization in pegmatite, and a shaft was sunk on the Main zone to 440 feet, with a total of 5,871 feet of underground development completed at three levels. In 1957, the resource was estimated at 292,444 tons at a grade of 0.095% (1.9 pounds per ton)--not compliant with 43-101. Other targets: Silver Crater, Baumhour, Campbell Occurrence. This property is composed of five claims totaling approximately 1,789 acres, and is located in Faraday township. Three uranium showings have been found on this property. The first is a 200-foot-long exposure, with uranium-bearing pegmatites one foot to five feet wide and 20 feet long. The second showing consists of uranium-bearing pegmatites six feet to 18 feet wide and 170 feet long. The third is a discontinuous pegmatite dike which is at least 300 feet long.

On 03/18/2008, CanAm Uranium Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.