F3 Grants Options

Rhea-AI Summary

F3 Uranium Corp. announces the granting of 10,000,000 incentive stock options to certain individuals under the long-term incentive plan. Each option is exercisable into one common share at an exercise price of $0.45 per share for a period of five years from the date of grant, with vesting and expiration details provided.

Kelowna, British Columbia--(Newsfile Corp. - January 12, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (FSE: X42) (the "Company") announces that it has granted 10,000,000 incentive stock options (the "Options") to purchase common shares of the Company ("Common Shares") to certain Directors, Officers, Consultants and Employees of the Company pursuant to the Company's long-term incentive plan (the "LTIP"). Each Option is exercisable into one Common Share at an exercise price of $0.45 per Common Share for a period of five (5) years from the date of grant. The Options shall vest as to 1/3 on the date of grant and 1/6 every 6 months thereafter. All the Options expire on January 12, 2029.

About F3 Uranium Corp.:
F3 Uranium is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world's largest high grade uranium discovery. F3 Uranium currently has 16 projects in the Athabasca Basin. Several of F3's projects are near large uranium discoveries including Triple R, Arrow and Hurricane.

F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email: ir@f3uranium.com

ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO

The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194134

FAQ

What is the recent announcement by F3 Uranium Corp.?

F3 Uranium Corp. has announced the granting of 10,000,000 incentive stock options to certain individuals under the long-term incentive plan.

How many common shares can each option be exercised into?

Each option can be exercised into one common share.

What is the exercise price for each common share?

The exercise price for each common share is $0.45.

What is the vesting schedule for the options?

The options vest as to 1/3 on the date of grant and 1/6 every 6 months thereafter.

When do all the options expire?

All the options expire on January 12, 2029.