**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-Q**

*(Mark      One)*

| x | QUARTERLY                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|---|-----------------------------------------------------------------------------------------------------------------|

| o | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|---|------------------------------------------------------------------------------------------------------------------|

**US      URANIUM INC.**

| **Nevada**                              | **83-483725**                                    |
|-----------------------------------------|--------------------------------------------------|
| (State                of Incorporation) | (IRS                Employer Identification No.) |

**6830      Elm Street**

**McLean,      VA 22101**

**(703)      403-7529**

| Large accelerated filer o |   | Accelerated filer o |   | Non-accelerated filer o                                          |   | Smaller reporting company þ |
|------------------------------------------|--------|-------------------------------|--------|----------------------------------------------------------------------------|--------|-------------------------------------------------|
|                                |   |                          |   | (Do not check if a smallerReporting company) |   |                                            |

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**US      URANIUM INC.**

**INDEX      **

|                                                                                                                       |                                                                                                       | **Page**                       |
|----------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|--------------------------------|
| Part                I Financial Information                                                                      |                                                                                                       |
|                                                                                                                       |                                                                                                       |                           |
| Item 1                                                                                                      | Financial                Statements                                                                        |                      |
|                                                                                                                       |                                                                                                       |                           |
|                                                                                                        | Balance                Sheets (unaudited)                                                                  |                   3  |
|                                                                                                                       |                                                                                                       |                           |
|                                                                                                        | Statements                of Operations (unaudited)                                                        |                   4  |
|                                                                                                                       |                                                                                                       |                           |
|                                                                                                        | Statements                of Cash Flows (unaudited)                                                        |                   5  |
|                                                                                                                       |                                                                                                       |                           |
|                                                                                                        | Notes                to the Unaudited Financial Statements                                                 |                   6  |
|                                                                                                                       |                                                                                                       |                           |
| Item 2                                                                                                      | Management’s                Discussion and Analysis of Financial Condition and Results of Operations |                   7  |
|                                                                                                                       |                                                                                                       |                           |
| Item 4T                                                                                                     | Controls                and Procedures                                                                     | 9                              |
|                                                                                                                       |                                                                                                       |                           |
| Part                II Other Information                                                                                   |                   11                                                                             |
|                                                                                                                       |                                                                                                       |                           |
| Item                2                                                                                                      | Unregistered                Sale of Equity Securities and Use of Proceeds                                  | 11                             |
|                                                                                                                       |                                                                                                       |                           |
| Item 6                                                                                                                | Exhibits                                                                                                   |                   11 |
|                                                                                                                       |                                                                                                       |                           |
| Signatures                                                                                                                 |                   12                                                                             |
|                                                                                                                       |                                                                                                       |                           |
| Exhibit                – Certification of Principal Executive Officer and Principal Financial                Officer |                   13                                                                             |
|                                                                                                                       |                                                                                                       |
| Exhibit                – Certification of Chief Executive Officer and Chief Financial                Officer         |                   15                                                                             |

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**PART      I**

**FINANCIAL      INFORMATION**

**ITEM      1. FINANCIAL STATEMENTS**

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**Balance      Sheets**

|                                                                                                                                       |   | April                30, |     | January                31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|----------|----------------------------|--------|
|                                                                                                                                       |   | 2008                     |     | 2008                       |   |
|                                                                                                                                       |   | (unaudited)              |     |                       |   |
|                                                                                                                                       |   |                     |     |                       |   |
| ASSETS                                                                                                                                     |   |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| CURRENT                ASSETS                                                                                                              |   |                     |     |                       |   |   |   |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| Cash                                                                                                                                       |   | $                        | 362      |                       | $      | 2,583 |   |
| Note                receivable                                                                                                             |   |                     | 557,927  |                       |   | 557,927 |   |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| Total                Current Assets                                                                                                        |   |                     | 558,289  |                       |   | 560,510 |   |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| TOTAL                ASSETS                                                                                                                |   | $                        | 558,289  |                       | $      | 560,510 |   |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| LIABILITIES                AND STOCKHOLDERS' EQUITY                                                                                        |   |
|                                                                                                                                       |   |
| CURRENT                LIABILITIES                                                                                                         |   |                     |     |                       |   |   |   |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| Accounts                payable                                                                                                            |   | $                        | 3,603    |                       | $      | 797 |   |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| Total                Current Liabilities                                                                                                   |   |                     | 3,603    |                       |   | 797 |   |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| STOCKHOLDERS'                EQUITY                                                                                                        |   |                     |     |                       |   |   |   |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| Preferred                stock, 10,000,000 shares authorized at of $0.001, no shares issued                and                outstanding  |   |                     | -        |                       |   | - |   |
| Common                stock, 300,000,000 shares authorized at par value of $0.001, 56,313,002                shares issued and outstanding |   |                     | 56,313   |                       |   | 56,313 |   |
| Additional                paid-in capital                                                                                                  |   |                     | 941,755  |                       |   | 941,755 |   |
| Deficit                accumulated during the development stage                                                                            |   |                     | (443,382 | )                          |   | (438,355 | ) |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| Total                Stockholders' Equity                                                                                                  |   |                     | 554,686  |                       |   | 559,713 |   |
|                                                                                                                                       |   |                     |     |                       |   |   |   |
| TOTAL                LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                  |   | $                        | 558,289  |                       | $      | 560,510 |   |

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**Statements      of Operations**

|                                                                |   | For                the ThreeMonths EndedApril                30, 2008 |       | For                the Three Months EndedApril                30, 2007 |   | From                Inception on April 19, 2004 Through April 30,                2008 |   |
|---------------------------------------------------------------------|--------|-----------------------------------------------------------------------|------------|------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|--------|
|                                                                |   |                                                                  |       |                                                                   |   |                                                                                  |   |
| REVENUES                                                            |   | $                                                                     | -          |                                                                   | $      | -                                                                                     |   | $ | - |   |
| COST                OF SALES                                        |   |                                                                  | -          |                                                                   |   | -                                                                                     |   |   | - |   |
| GROSS                MARGIN                                         |   |                                                                  | -          |                                                                   |   | -                                                                                     |   |   | - |   |
|                                                                |   |                                                                  |       |                                                                   |   |                                                                                  |   |   |   |   |
| OPERATING                EXPENSES                                   |   |                                                                  |       |                                                                   |   |                                                                                  |   |   |   |   |
|                                                                |   |                                                                  |       |                                                                   |   |                                                                                  |   |   |   |   |
| Mineral                property expenses                            |   |                                                                  | -          |                                                                   |   | 1,556                                                                                 |   |   | 27,206 |   |
| General                and administrative                           |   |                                                                  | 5,027      |                                                                   |   | 22,484                                                                                |   |   | 416,176 |   |
|                                                                |   |                                                                  |       |                                                                   |   |                                                                                  |   |   |   |   |
| Total                Operating Expenses                             |   |                                                                  | 5,027      |                                                                   |   | 24,040                                                                                |   |   | 443,382 |   |
|                                                                |   |                                                                  |       |                                                                   |   |                                                                                  |   |   |   |   |
| INCOME                (LOSS) FROM OPERATIONS                        |   |                                                                  | (5,027     | )                                                                      |   | (24,040                                                                               | )      |   | (443,382 | ) |
|                                                                |   |                                                                  |       |                                                                   |   |                                                                                  |   |   |   |   |
| INCOME                TAX EXPENSE                                   |   |                                                                  | -          |                                                                   |   | -                                                                                     |   |   | - |   |
|                                                                |   |                                                                  |       |                                                                   |   |                                                                                  |   |   |   |   |
| NET                LOSS                                             |   | $                                                                     | (5,027     | )                                                                      | $      | (24,040                                                                               | )      | $ | (443,382 | ) |
|                                                                |   |                                                                  |       |                                                                   |   |                                                                                  |   |   |   |   |
| BASIC                LOSS PER COMMON SHARE                          |   |                                                                  | (0.00      | )                                                                      |   | (0.00                                                                                 | )      |   |   |   |
|                                                                |   |                                                                  |       |                                                                   |   |                                                                                  |   |   |   |   |
|                                                                |   |                                                                  |       |                                                                   |   |                                                                                  |   |   |   |   |
| WEIGHTED                AVERAGE NUMBER OF COMMON SHARES OUTSTANDING |   |                                                                  | 56,313,002 |                                                                   |   | 55,753,000                                                                            |   |   |   |   |

----

**Statements      of Cash Flows**

|                                                                                                      |   | For                the Three Months Ended April 30, 2008 |   | For                the Three Months Ended April 30, 2007 |   | From                Inception on April 19, 2004 Through April 30,                2008 |   |
|-----------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|--------|----------------------------------------------------------|--------|---------------------------------------------------------------------------------------|--------|
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES                                                       |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| Net                loss                                                                                   |   | $                                                        | (5,027 | )                                                        | $      | (24,040                                                                               | )      | $ | (443,382 | ) |
| Adjustments                to reconcile net loss to net cash used by operating                activities: |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| Contributed                capital                                                                        |   |                                                     | -      |                                                     |   | -                                                                                     |   |   | 268,668 |   |
| Changes                in operating assets and liabilities:                                               |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| Increase                (decrease) in accounts payable                                                    |   |                                                     | 2,806  |                                                     |   | -                                                                                     |   |   | 3,603 |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| Net                Cash Used by Operating Activities                                                      |   |                                                     | (2,221 | )                                                        |   | (24,040                                                                               | )      |   | (171,111 | ) |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES                                                       |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| Increase                in note receivable - related party                                                |   |                                                     | -      |                                                     |   | -                                                                                     |   |   | (557,927 | ) |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| Net                Cash Used by Investing Activities                                                      |   |                                                     | -      |                                                     |   | -                                                                                     |   |   | (557,927 | ) |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES                                                       |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| Proceeds                from common stock issued                                                          |   |                                                     | -      |                                                     |   | -                                                                                     |   |   | 729,400 |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| Net                Cash Used by Financing Activities                                                      |   |                                                     | -      |                                                     |   | -                                                                                     |   |   | 729,400 |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| NET                DECREASE IN CASH                                                                       |   |                                                     | (2,221 | )                                                        |   | (24,040                                                                               | )      |   | 362 |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| CASH                AT BEGINNING OF PERIOD                                                                |   |                                                     | 2,583  |                                                     |   | 50,125                                                                                |   |   | - |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| CASH                AT END OF PERIOD                                                                      |   | $                                                        | 362    |                                                     | $      | 26,085                                                                                |   | $ | 362 |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| SUPPLIMENTAL                DISCLOSURES OF CASH FLOW INFORMATION                                          |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| CASH                PAID FOR:                                                                             |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
|                                                                                                      |   |                                                     |   |                                                     |   |                                                                                  |   |   |   |   |
| Interest                                                                                                  |   | $                                                        | -      |                                                     | $      | -                                                                                     |   | $ | - |   |
| Income                Taxes                                                                               |   | $                                                        | -      |                                                     | $      | -                                                                                     |   | $ | - |   |

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**US      URANIUM, INC.**

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| **ITEM 2.** | **MANAGEMENT’S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF                OPERATIONS** |
|------------------|-------------------------------------------------------------------------------------------------------------------------------|

*This      report contains forward-looking statements within the meaning of      Section 27A of the Securities Act of 1933, as amended, Section 21E of      the Securities Exchange Act of 1934 and the Private Securities Litigation Reform      Act of 1995. All statements other than statements of historical facts included      in this Quarterly Report on Form 10-Q, including without limitation, statements      in this Management’s Discussion and Analysis of Financial Condition and Results      of Operations regarding our financial position, estimated working capital,      business strategy, the plans and objectives of our management for future      operations and those statements preceded by, followed by or that otherwise      include the words “believe”, “expects”, “anticipates”, “intends”, “estimates”,“projects”, “target”, “goal”, “plans”, “objective”, “should”, or similar      expressions or variations on such expressions are forward-looking statements.      We      can give no assurances that the assumptions upon which the forward-looking      statements are based will prove to be correct. Because forward-looking      statements are subject to risks and uncertainties, actual results may differ      materially from those expressed or implied by the forward-looking statements.      There are a number of risks, uncertainties and other important factors that      could cause our actual results to differ materially from the forward-looking      statements, including, but not limited to, our ability to identify and      successfully participate in any future acquisition, joint venture or other      new      business initiative.*

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**ITEM      4T. CONTROLS AND PROCEDURES**

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*Internal      Control—Integrated Framework*

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**PART      II**

**OTHER      INFORMATION**

**ITEM      2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF      PROCEEDS**

**ITEM      6. EXHIBITS**

| Exhibit                Number |   | Description                                                                                                         |
|-------------------------------|--------|---------------------------------------------------------------------------------------------------------------------|
| 31.1                          |   | Sec.                302 Certification of Principal Executive Officer and Principal Financial                Officer |
| 32.1                          |   | Sec.                906 Certification of Chief Executive Officer and Chief Financial                Officer         |

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**SIGNATURES**

| Date:                June 27, 2008 | US                Uranium Inc. |
|------------------------------------|--------------------------------|
|                               |                           |   |
|                               | By                             | /s/                James D. Davidson |
|                               |                           | James                D. Davidson |
|                               |                           | President,                Treasurer, Principal Executive Officer, Principal Financial                Officer |

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