F3 Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$17 Million
F3 Uranium Corp (OTCQB: FUUFF) has announced an upsize to its previously announced bought deal private placement, increasing the total gross proceeds from C$15 million to C$17 million. The offering includes 25 million units at C$0.20 per unit, 23.33 million federal flow-through units at C$0.30 per unit, and 15.15 million Saskatchewan flow-through units at C$0.33 per unit.
Each unit consists of one common share and one-half warrant, with each whole warrant exercisable at C$0.30 for 36 months. Red Cloud Securities is acting as lead underwriter, with an over-allotment option for up to C$3 million in additional proceeds. The offering is expected to close on October 1, 2025.
Proceeds will fund exploration of the company's Athabasca Basin uranium projects and working capital needs, with flow-through funds specifically allocated to eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures.
F3 Uranium Corp (OTCQB: FUUFF) ha annunciato un aumento dell'importo della precedente collocazione privata, portando i proventi lordi totali da 15 milioni CAD a 17 milioni CAD. L'offerta comprende 25 milioni di unità a 0,20 CAD per unità, 23,33 milioni di unità flow-through federali a 0,30 CAD per unità e 15,15 milioni di unità flow-through della Saskatchewan a 0,33 CAD per unità.
Ogni unità è composta da una azione ordinaria e una warrant per metà, con ogni warrant intero esercitabile a 0,30 CAD per 36 mesi. Red Cloud Securities funge da lead underwriter, con un'opzione di over-allotment fino a 3 milioni CAD di ulteriori proventi. Si prevede la chiusura dell'offerta per il 1 ottobre 2025.
I proventi finanzieranno l'esplorazione dei progetti di uranio della Athabasca Basin e le esigenze di capitale circolante dell'azienda, con i fondi flow-through specificamente destinati a spese di esplorazione canadesi eleggibili che qualificano come spese minerarie critiche flow-through.
F3 Uranium Corp (OTCQB: FUUFF) ha anunciado una ampliación de su colocación privada de compra previamente anunciada, elevando los ingresos brutos totales de 15 millones de CAD a 17 millones de CAD. La oferta incluye 25 millones de unidades a 0,20 CAD por unidad, 23,33 millones de unidades flow-through federales a 0,30 CAD por unidad y 15,15 millones de unidades flow-through de Saskatchewan a 0,33 CAD por unidad.
Cada unidad consta de una acción ordinaria y una warrant por mitad, con cada warrant entero ejercible a 0,30 CAD por 36 meses. Red Cloud Securities actúa como underwriter principal, con una opción de sobreasignación de hasta 3 millones CAD en ingresos adicionales. Se espera que la oferta cierre el 1 de octubre de 2025.
Los ingresos financiarán la exploración de los proyectos de uranio de la cuenca de Athabasca y las necesidades de capital de trabajo de la empresa, con fondos flow-through específicamente destinados a gastos de exploración canadienses elegibles que califican como gastos mineros críticos flow-through.
F3 Uranium Corp (OTCQB: FUUFF)가 이전에 발표된 매입형 딜의 증액을 발표하여 총 총수익을 CAD 1500만에서 CAD 1700만으로 증가시켰습니다. 제안은 단위 25,000,000개를 0.20 CAD에, 연방 흐름형 단위 23,330,000개를 0.30 CAD에, 사스캐처원 흐름형 단위 15,150,000개를 0.33 CAD에 각각 구성합니다.
각 유닛은 보통주 1주와 반(半) 워런트로 구성되며, 전체 워런트는 36개월 동안 0.30 CAD에 행사할 수 있습니다. Red Cloud Securities가 주요 언더라이터로 활동하며, 추가로 최대 300만 CAD의 초과배정 옵션이 있습니다. 오퍼링의 종료일은 2025년 10월 1일로 예상됩니다.
조달금은 Athabasca Basin의 우라늄 프로젝트 탐사 및 운전자본을 위한 것으로, 흐름형 자금은 자격을 갖춘 캐나다 탐사비에 한해 흐름형 핵심 광물 채굴비로 분류됩니다.
F3 Uranium Corp (OTCQB: FUUFF) a annoncé une augmentation de son placement privé d'achat précédemment annoncé, portant les produits bruts totaux de 15 millions de CAD à 17 millions de CAD. L'offre comprend 25 millions d'unités à 0,20 CAD par unité, 23,33 millions d'unités flow-through fédérales à 0,30 CAD par unité et 15,15 millions d'unités flow-through de Saskatchewan à 0,33 CAD par unité.
Chaque unité est composée d'une action ordinaire et d'un warrant pour la moitié, chaque warrant entier étant exerçable à 0,30 CAD pendant 36 mois. Red Cloud Securities agit en tant que preneur principal, avec une option de surallocation allant jusqu'à 3 millions CAD de recettes supplémentaires. La clôture de l'offre est prévue pour le 1er octobre 2025.
Les recettes serviront à financer l'exploration des projets d'uranium de la Athabasca Basin et les besoins en fonds de roulement de l'entreprise, les fonds flow-through étant spécifiquement alloués aux dépenses d'exploration canadiennes éligibles qualifiant comme dépenses minières critiques flow-through.
F3 Uranium Corp (OTCQB: FUUFF) hat eine Aufstockung der zuvor angekündigten Private-Platzierung bekannt gegeben und die Bruttoerlöse von 15 Mio. CAD auf 17 Mio. CAD erhöht. Das Angebot umfasst 25 Mio. Einheiten zu 0,20 CAD pro Einheit, 23,33 Mio. federal flow-through Einheiten zu 0,30 CAD pro Einheit und 15,15 Mio. Saskatchewan flow-through Einheiten zu 0,33 CAD pro Einheit.
Jede Einheit besteht aus einer Stammaktie und einem halben Warrants, wobei jeder Voll-Warrant zu 0,30 CAD für 36 Monate ausübbar ist. Red Cloud Securities fungiert als Lead Underwriter, mit einer Überzeichnungsoption für bis zu 3 Mio. CAD zusätzlicher Erlöse. Der Abschluss der Platzierung wird voraussichtlich am 1. Oktober 2025 erfolgen.
Die Erlöse dienen der Exploration der Uranprojekte des Unternehmens in der Athabasca-Becken-Region sowie dem Working Capital, wobei Flow-Through-Mittel speziell für zulässige kanadische Explorationsausgaben vorgesehen sind, die als Flow-Through-Kernbergbauausgaben qualifizieren.
- Increased offering size from C$15M to C$17M due to strong investor demand
- Additional C$3M over-allotment option available
- Funds secured for exploration of uranium projects in strategic Athabasca Basin
- Flow-through structure provides tax benefits for Canadian investors
- Potential dilution for existing shareholders due to new share issuance
- Warrant exercise at C$0.30 could create future dilution pressure
Kelowna, British Columbia--(Newsfile Corp. - September 11, 2025) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (FSE: GL7) ("F3" or the "Company") is pleased to announce that as a result of strong investor demand, the company has increased the aggregate gross proceeds of its previously announced "bought deal" private placement (the "Underwritten Offering") from C
25,000,000 units of the Company (each, a "Unit") at a price of C
$0.20 per Unit (the "Unit Price");23,333,334 federal flow-through units of the Company to be sold to charitable purchasers (the "FFT Units") at a price of C
$0.30 per FFT Unit (the "FFT Unit Price"); and15,151,515 Saskatchewan flow-through units of the Company to be sold to charitable purchasers (the "SFT Units") at a price of C
$0.33 per SFT Unit.
The Units and FT Units (as defined herein) shall be collectively referred to as the "Offered Securities".
Each Unit will consist of one common share of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each FT Unit will consist of one Common Share to be issued as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) and will qualify as an eligible flow-through share" as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (each, a "FT Share") and one-half of one Warrant. Each whole Warrant shall entitle the holder to purchase one Common Share (each, a "Warrant Share") at a price of C
Red Cloud Securities Inc. ("Red Cloud") is acting as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the "Underwriters") under the Offering (as defined herein). The Company has agreed to grant to the Underwriters an option (the "Over-Allotment Option", and together with the Underwritten Offering, the "Offering"), exercisable in whole or in part by the Underwriters at any time up to 48 hours prior to the Closing Date, to purchase for resale up to an additional number of (i) Units at the Unit Price, (ii) FFT Units at the FFT Unit Price, and (iii) non-critical mineral flow-through units of the Company to be sold to charitable purchasers (the "Non-Critical FT Units", and together with the FFT Units and SFT Units, the "FT Units") at a price of C
The proceeds of the Offering will be used by the Company to fund the exploration of the Company's projects in the Athabasca Basin in Saskatchewan as well as for general corporate purposes and working capital, as is more fully described in the Amended Offering Document (as herein defined).
The gross proceeds from the sale of FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" (with the exception of FT Shares issued from the sale of Non-Critical FT Units, which proceeds will qualify as "flow-through mining expenditures") as such terms are defined in the Income Tax Act (Canada), and to incur "eligible flow-through mining expenditures" pursuant to The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (collectively, the "Qualifying Expenditures") related to the Company's uranium projects in the Athabasca Basin, Saskatchewan, on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2025.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Offered Securities will be offered for sale to purchasers resident in all of the provinces of Canada with the exception of Québec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The securities issuable from the sale of the Offered Securities are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). All securities not issued pursuant to the Listed Issuer Financing Exemption will be subject to a hold period in Canada ending on the date that is four months plus one day following the Closing Date as defined in Subsection 2.5(2) of Multilateral Instrument 45-102 - Resale of Securities.
There is an amended and restated offering document (the "Amended Offering Document") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and at the Company's website at www.f3uranium.com. Prospective investors should read this Amended Offering Document before making an investment decision.
The Offering is scheduled to close on October 1, 2025 (the "Closing Date"), or such other date as the Company and Red Cloud may agree. Completion of the Offering is subject to certain conditions including, but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About F3 Uranium Corp.
F3 is a uranium exploration company, focusing on the high-grade JR Zone and new Tetra Zone discovery 13km to the south in the PW area on its Patterson Lake North (PLN) Project in the Western Athabasca Basin. F3 currently has 3 properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach. The western side of the Athabasca Basin, Saskatchewan, is home to some of the world's largest high grade uranium deposits including Paladin's Triple R project and NexGen's Arrow project.
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, Chairman & CEO
Contact Information
F3 Uranium Corp.
750 - 1620 Dickson Avenue
Kelowna, BC V1Y 9Y2
Investor Relations
Telephone: 778 484 8030
Email: ir@f3uranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that F3 expects or anticipates will or may occur in the future including statements regarding the Offering, the closing of the Offering, the intended use of proceeds of the Offering, the filing of the Amended Offering Document and the tax treatment of the FT Shares.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of the Company, future growth potential for the Company and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of metals; costs of exploration and development; the estimated costs of development of exploration projects; the Company's ability to operate in a safe and effective manner.
These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the future tax treatment of the FT Shares, competitive risks and the availability of financing; uranium price volatility; risks associated with the conduct of the Company's exploration activities; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining, development or exploration activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the speculative nature of exploration and development; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266054
FAQ
What is the size of F3 Uranium's (FUUFF) new private placement offering?
What are the different unit types and prices in F3 Uranium's 2025 private placement?
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What are the warrant terms in F3 Uranium's 2025 private placement?
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