**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 |
|---|-----------------------------------------------------------------------------------------------------------------|

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

----

**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                                                                                                               |   | 10           |
|                                                                                                                                                                            |   |         |
| Part                  II Other Information                                                                                                                                      |   | 11           |
|                                                                                                                                                                            |   |         |
| Item 6                       Exhibits                                                                                                                  |   | 11           |
|                                                                                                                                                                            |   |         |
| Signatures                                                                                                                                                                      |   | 12           |
|                                                                                                                                                                            |   |         |
| Exhibit –                  Certification of Principal Executive Officer and Principal Financial                  Officer                                             |   |         |
|                                                                                                                                                                            |   |         |
| Exhibit –                  Certification of Chief Executive Officer and Chief Financial                  Officer                                                     |   |    |

----

**PART      I**

**FINANCIAL      INFORMATION**

**ITEM      1. FINANCIAL STATEMENTS**

----

**Balance      Sheets**

|                                                                                                                                                |   | July 31, |     | January 31, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|----------|------------------|--------|
|                                                                                                                                                          |   | 2008          |     | 2008             |   |
|                                                                                                                                                          |   | (unaudited)   |     |             |   |
|                                                                                                                                                          |   |          |     |             |   |
| ASSETS                                                                                                                                                        |   |          |     |             |   |
|                                                                                                                                                          |   |          |     |             |   |
| CURRENT                  ASSETS                                                                                                                               |   |          |     |             |   |
|                                                                                                                                                          |   |          |     |             |   |
| Cash                                                                                                                                                          |   | $             | -        |             | $      | 2,583 |   |
|                                                                                                                                                          |   |          |     |             |   |   |   |
| Total                  Current Assets                                                                                                                         |   |          | -        |             |   | 2,583 |   |
|                                                                                                                                                          |   |          |     |             |   |   |   |
| OTHER                  ASSETS                                                                                                                                 |   |          |     |             |   |   |   |
|                                                                                                                                                          |   |          |     |             |   |   |   |
| Note                  receivable                                                                                                                              |   |          | 557,927  |             |   | 557,927 |   |
|                                                                                                                                                          |   |          |     |             |   |   |   |
| TOTAL                  ASSETS                                                                                                                                 |   | $             | 557,927  |             | $      | 560,510 |   |
|                                                                                                                                                          |   |          |     |             |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY                                                                                                         |   |          |     |             |   |   |   |
|                                                                                                                                                          |   |          |     |             |   |   |   |
| CURRENT                  LIABILITIES                                                                                                                          |   |          |     |             |   |   |   |
|                                                                                                                                                          |   |          |     |             |   |   |   |
| Accounts                  payable                                                                                                                             |   | $             | 11,863   |             | $      | 797 |   |
|                                                                                                                                                          |   |          |     |             |   |   |   |
| Total                  Current Liabilities                                                                                                                    |   |          | 11,863   |             |   | 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, 54,313,002                  and 56,313,002 shares issued and outstanding |   |          | 54,313   |             |   | 56,313 |   |
| Additional                  paid-in capital                                                                                                                   |   |          | 943,755  |             |   | 941,755 |   |
| Deficit                  accumulated during the exploration stage                                                                                             |   |          | (452,004 | )                |   | (438,355 | ) |
|                                                                                                                                                          |   |          |     |             |   |   |   |
| Total                  Stockholders' Equity                                                                                                                   |   |          | 546,064  |             |   | 559,713 |   |
|                                                                                                                                                          |   |          |     |             |   |   |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                   |   | $             | 557,927  |             | $      | 560,510 |   |

----

**Statements      of Operations**

|                                                             |   |                    |       |                    |   |                  |          |                  |       | FromInception          |   |
|-----------------------------------------------------------------------|--------|-------------------------|------------|-------------------------|--------|-----------------------|---------------|-----------------------|------------|------------------------|--------|
|                                                                  |   | For the Three |       | For the Three |   | For the Six |          | For the Six |       | on April 19, |   |
|                                                                  |   | Months Ended       |       | Months Ended       |   | Months Ended     |          | Months Ended     |       | 2004 Through      |   |
|                                                                  |   | July 31,           |       | July 31,           |   | July 31,         |          | July 31,         |       | July 31,          |   |
|                                                                  |   | 2008                    |       | 2007                    |   | 2008                  |          | 2007                  |       | 2008                   |   |
|                                                                  |   |                    |       |                    |   |                  |          |                  |       |                   |   |
| REVENUES                                                              |   | $                       | -          |                    | $      | -                     |          | $                     | -          |                   | $      | - |   | $ | - |   |
| COST                  OF SALES                                        |   |                    | -          |                    |   | -                     |          |                  | -          |                   |   | - |   |   | - |   |
| GROSS                  MARGIN                                         |   |                    | -          |                    |   | -                     |          |                  | -          |                   |   | - |   |   | - |   |
|                                                                  |   |                    |       |                    |   |                  |          |                  |       |                   |   |   |   |   |   |   |
| OPERATING                  EXPENSES                                   |   |                    |       |                    |   |                  |          |                  |       |                   |   |   |   |   |   |   |
|                                                                  |   |                    |       |                    |   |                  |          |                  |       |                   |   |   |   |   |   |   |
| Mineral                  property expenses                            |   |                    | -          |                    |   | -                     |          |                  | -          |                   |   | 1,556 |   |   | 27,206 |   |
| General                  and administrative                           |   |                    | 8,622      |                    |   | 258,287               |          |                  | 13,649     |                   |   | 280,771 |   |   | 424,798 |   |
|                                                                  |   |                    |       |                    |   |                  |          |                  |       |                   |   |   |   |   |   |   |
| Total                      Operating Expenses                         |   |                    | 8,622      |                    |   | 258,287               |          |                  | 13,649     |                   |   | 282,327 |   |   | 452,004 |   |
|                                                                  |   |                    |       |                    |   |                  |          |                  |       |                   |   |   |   |   |   |   |
| INCOME                  (LOSS) FROM OPERATIONS                        |   |                    | (8,622     | )                       |   | (258,287              | )             |                  | (13,649    | )                      |   | (282,327 | ) |   | (452,004 | ) |
|                                                                  |   |                    |       |                    |   |                  |          |                  |       |                   |   |   |   |   |   |   |
| INCOME                  TAX EXPENSE                                   |   |                    | -          |                    |   | -                     |          |                  | -          |                   |   | - |   |   | - |   |
|                                                                  |   |                    |       |                    |   |                  |          |                  |       |                   |   |   |   |   |   |   |
| NET                  LOSS                                             |   | $                       | (8,622     | )             | $      | (258,287              | )   | $                     | (13,649    | )            | $      | (282,327 | )   | $ | (452,004 | ) |
|                                                                  |   |                    |       |                    |   |                  |          |                  |       |                   |   |   |   |   |   |   |
| BASIC                  LOSS PER COMMON SHARE                          |   |                    | (0.00      | )                       |   | (0.00                 | )             |                  | (0.00      | )                      |   | (0.01 | ) |   |   |   |
|                                                                  |   |                    |       |                    |   |                  |          |                  |       |                   |   |   |   |   |   |   |
| WEIGHTED                  AVERAGE NUMBER OF COMMON SHARES OUTSTANDING |   |                    | 55,313,002 |                    |   | 55,973,001            |          |                  | 55,813,002 |                   |   | 55,840,434 |   |   |   |   |

----

**Statements      of Cash Flows**

|                                                                                            |   |                  |    |                  |   | FromInception          |   |
|-----------------------------------------------------------------------------------------------------------|--------|-----------------------|---------|-----------------------|--------|------------------------|--------|
|                                                                                                      |   | For the Six |    | For the Six |   | on April 19, |   |
|                                                                                                      |   | Months Ended     |    | Months Ended     |   | 2004 Through      |   |
|                                                                                                      |   | July 31,         |    | July 31,         |   | July 31,          |   |
|                                                                                                      |   | 2008                  |    | 2007                  |   | 2008                   |   |
|                                                                                                      |   |             |    |             |   |              |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES                                                       |   |             |    |             |   |              |   |
|                                                                                                      |   |             |    |             |   |              |   |
| Net                loss                                                                                   |   | $                     | (13,649 | )                     | $      | (282,327               | )      | $ | (452,004 | ) |
| Adjustments                to reconcile net loss to net cash used by operating                activities: |   |                  |    |                  |   |                   |   |   |   |   |
| Contributed                capital                                                                        |   |                  | -       |                  |   | 2,000                  |   |   | 268,668 |   |
| Changes                in operating assets and liabilities:                                               |   |                  |    |                  |   |                   |   |   |   |   |
| Increase                (decrease) in accounts payable                                                    |   |                  | 11,066  |                  |   | 219,287                |   |   | 11,863 |   |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| Net                Cash Used by Operating Activities                                                      |   |                  | (2,583  | )                     |   | (61,040                | )      |   | (171,473 | ) |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES                                                       |   |                  |    |                  |   |                   |   |   |   |   |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| Increase                in note receivable - related party                                                |   |                  | -       |                  |   | (557,927               | )      |   | (557,927 | ) |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| Net                Cash Used by Investing Activities                                                      |   |                  | -       |                  |   | (557,927               | )      |   | (557,927 | ) |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES                                                       |   |                  |    |                  |   |                   |   |   |   |   |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| Proceeds                from common stock issued                                                          |   |                  | -       |                  |   | 595,000                |   |   | 729,400 |   |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| Net                Cash Used by Financing Activities                                                      |   |                  | -       |                  |   | 595,000                |   |   | 729,400 |   |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| NET                DECREASE IN CASH                                                                       |   |                  | (2,583  | )                     |   | (23,967                | )      |   | - |   |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| CASH                AT BEGINNING OF PERIOD                                                                |   |                  | 2,583   |                  |   | 50,125                 |   |   | - |   |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| CASH                AT END OF PERIOD                                                                      |   | $                     | -       |                  | $      | 26,158                 |   | $ | - |   |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| SUPPLIMENTAL                    DISCLOSURES OF CASH FLOW INFORMATION                                      |   |                  |    |                  |   |                   |   |   |   |   |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| CASH                PAID FOR:                                                                             |   |                  |    |                  |   |                   |   |   |   |   |
|                                                                                                      |   |                  |    |                  |   |                   |   |   |   |   |
| Interest                                                                                                  |   | $                     | -       |                  | $      | -                      |   | $ | - |   |
| Income                Taxes                                                                               |   | $                     | -       |                  | $      | -                      |   | $ | - |   |

----

**US      URANIUM, INC.**

----

| **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.*

----

----

----

**ITEM      4T. CONTROLS AND PROCEDURES**

*Internal      Control—Integrated Framework*

----

**PART      II**

**OTHER      INFORMATION**

**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         |

----

**SIGNATURES**

| Date: September                __, 2008 | US                Uranium Inc. |
|----------------------------------------------|--------------------------------|
|                                         |                           |
|                                         | By                             | /s/                James D. Davidson |
|                                         |                           | James                D. DavidsonPresident,                Treasurer, PrincipalExecutive                Officer, PrincipalFinancial                Officer |

----