F3 Welcomes Mr. Ross McElroy as Strategic Advisor

Rhea-AI Summary

F3 Uranium (OTCQB:FUUFF, TSXV:FUU) announced the appointment of Ross McElroy as strategic advisor, effective immediately. McElroy is a professional geologist with several decades of uranium industry and corporate leadership experience and previously co-founded both F3 and Fission Uranium with CEO Dev Randhawa.

He served as CEO of Fission Uranium through its $1.14 billion acquisition by Paladin Energy in December 2024, led Apollo Silver as President and CEO during its transition to active exploration and development, and was most recently appointed President and CEO of Shine Minerals. According to F3 Uranium, his expertise will support advancement of the Patterson Lake North (PLN) Project, including the high-grade JR Zone and Tetra Zone discoveries in the Western Athabasca Basin, where the company also holds the Minto and Broach properties.

Positive

• Appointment of Ross McElroy as strategic advisor, effective immediately, adding decades of uranium geology and leadership experience
• Track record of $1.14 billion transaction as Fission Uranium CEO during its acquisition by Paladin Energy in December 2024
• Deep familiarity with F3 as co-founder alongside Dev Randhawa, supporting continuity and strategic alignment on the PLN Project

Negative

• None.

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Kelowna, British Columbia--(Newsfile Corp. - August 19, 2026) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or "the Company,"). F3 Uranium is pleased to announce the appointment of Mr. Ross McElroy as strategic advisor, effective immediately. Mr. McElroy is a registered professional Geologist and brings several decades of extensive uranium industry and corporate leadership experience to F3. Ross co-founded both F3 and Fission Uranium with Dev Randhawa and served as its CEO of Fission Uranium through the company's $1.14 billion acquisition by Paladin Energy in December 2024. He joined Apollo Silver as President and CEO during its' ramp-up phase from low activity to active explorer & developer. Most recently, Mr. McElroy was appointed President and CEO of Shine Minerals.

Mr. Dev Randhawa commented: "Ross and I have been partners in uranium exploration for decades, and I've seen firsthand the tremendous value his geological expertise and industry leadership bring to a company. We built Fission Uranium together and ultimately delivered a world-class uranium discovery that was acquired by Paladin. I'm very pleased to welcome Ross back to F3, where his experience will be invaluable as we advance PLN and pursue our next major discoveries."

About F3 Uranium Corp.:

F3 is a uranium exploration company, focusing on the high-grade JR Zone and new Tetra Zone discovery 13 km to the south in the Patterson West area on its Patterson Lake North (PLN) Project in the Western Athabasca Basin. F3 currently has three 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.

The TSX Venture Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y 9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email: ir@f3uranium.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310401

FAQ

Who is Ross McElroy, newly appointed strategic advisor to F3 Uranium (OTCQB:FUUFF)?

Ross McElroy is a professional geologist with decades of uranium industry and leadership experience. According to F3 Uranium, he co-founded both F3 and Fission Uranium, and previously served as CEO of Fission Uranium through its $1.14 billion sale to Paladin Energy.

What role will Ross McElroy have at F3 Uranium (FUUFF) after the August 19, 2026 announcement?

Ross McElroy will serve as a strategic advisor to F3 Uranium, effective immediately. According to F3 Uranium, he will bring geological and corporate expertise to support advancement of the Patterson Lake North Project and pursuit of additional uranium discoveries in the Athabasca Basin.

How is Ross McElroy connected to F3 Uranium (FUUFF) and Fission Uranium?

Ross McElroy co-founded both F3 Uranium and Fission Uranium with Dev Randhawa. According to F3 Uranium, he later served as CEO of Fission Uranium, overseeing the company until its $1.14 billion acquisition by Paladin Energy in December 2024.

What major transaction did Ross McElroy lead before joining F3 Uranium (FUUFF) as advisor?

Ross McElroy led Fission Uranium as CEO through its $1.14 billion acquisition by Paladin Energy in December 2024. According to F3 Uranium, this transaction highlights his experience in progressing uranium discoveries to significant corporate outcomes for shareholders.

Which projects does F3 Uranium (FUUFF) focus on in the Athabasca Basin?

F3 Uranium focuses on the Patterson Lake North (PLN) Project in the Western Athabasca Basin. According to F3 Uranium, key targets include the high-grade JR Zone and the new Tetra Zone discovery, along with the Minto and Broach properties in the same region.

How might Ross McElroy’s appointment impact F3 Uranium’s Patterson Lake North (PLN) Project?

Ross McElroy is expected to provide strategic and geological guidance for advancing PLN. According to F3 Uranium, his previous success in delivering a world-class uranium discovery at Fission Uranium is viewed as valuable as the company advances JR Zone and Tetra Zone exploration.