F3 Uranium Corp Stock Price, News & Analysis

F3 Uranium Corp (FUUFF) has initiated ground geophysical exploration programs at its Broach and Minto Properties. The company will conduct 55 line km of Moving Loop TDEM ground EM across two grids testing conductive corridors identified by previous airborne surveys. These corridors run parallel to the A1 conductor system hosting the high-grade JR Zone on the PLN property.

The Minto Property's A4 Grid will undergo 14 line-km of MLTDEM ground geophysics, testing a 7,200m long conductive corridor. A previous 2014 drill hole in this area showed uranium (44ppm) in basement and boron (698ppm) above the Athabasca Unconformity. The Broach Property's PW Grid will see 41 line-km of MLTDEM ground geophysics, exploring a conductive trend approximately 12km south of the JR Zone.

F3 Uranium Corp has initiated its $6 million 2025 winter exploration drilling program at the PLN Project. The program focuses on expanding the JR Zone, where previous drilling (PLN24-176) yielded impressive results of 7.5m of 30.9% U3O8, including 4.5m of 50.1% U3O8. Additionally, exploration drilling will target a potential new mineralization zone along the A1 structure near PLN24-152, located 2,800m south of the JR Zone, where previous drilling showed a 7m mineralized interval with up to 0.051% U3O8.

The company employs a unique drilling methodology using a sonic rig for pre-casing followed by diamond drilling. Currently awaiting assay results from 25 drill holes from the 2024 season, which will guide further exploration planning. Samples are standardized at 0.5m intervals and analyzed at SRC Geoanalytical Laboratories for a 63-element suite including uranium, boron, and gold.

F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) has announced the appointment of Rebecca Greco to its Board of Directors. Greco brings over 15 years of experience in corporate communications, having worked with both private and public companies across resource, technology, and aerospace sectors in Canada and the UK. Her expertise includes managing rebranding campaigns, providing strategic leadership, publishing subscription-based research, and leading global investor relations programs. CEO Dev Randhawa expressed enthusiasm about the appointment, highlighting Greco's extensive knowledge in communications and resource sectors as valuable additions to the board and management team.

F3 Uranium Corp has announced significant drill results from their PLN Property's JR Zone. Drillhole PLN24-176 yielded exceptional uranium mineralization, returning 7.5m of 30.9% U3O8, including an ultra-high grade core of 4.5m at 50.1% U3O8. The mineralization was found at a shallow vertical depth of 190m below surface. The hole was positioned 14m up-dip of PLN24-137, which previously returned 15.0m of 3.2% U3O8. These results highlight the importance of tightly spaced drilling in high-grade basement hosted structurally controlled uranium deposits.

F3 Uranium Corp has completed its previously announced 'bought deal' private placement, raising C$8 million in gross proceeds. The offering included 7.5 million federal flow-through units at C$0.375 per unit and 12.5 million Saskatchewan flow-through units at C$0.415 per unit. Each unit consists of one flow-through common share and half a warrant, with each whole warrant exercisable at C$0.40 until October 31, 2026. The proceeds will fund exploration of the company's projects in the Athabasca Basin. Red Cloud Securities led the underwriting syndicate, receiving C$431,860 in cash commission and 1,079,650 broker warrants.

F3 Uranium Corp announced significant assay results from its PLN Property drilling program, with notable findings at the JR Zone. Drillhole PLN24-161 yielded 10.5m of 2.66% U3O8, including a high-grade interval of 2.0m averaging 12.0% U3O8, with an ultra-high grade core of 0.5m at 20.7% U3O8. The company also discovered an A1 Shear Extension approximately 400m south of the Harrison Fault, representing a potential expansion of the mineralized zone. PLN24-184 intersected significant mineralization over 13.5m, including 1.5m of off-scale radioactivity.

F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) has revised the pricing of its previously announced private placement, now aiming to raise C$7,000,000 through a bought deal offering. The company will issue 6,562,500 federal flow-through units at C$0.375 per unit and 10,937,500 Saskatchewan flow-through units at C$0.415 per unit, totaling 17,500,000 units at a blended price of C$0.40 per unit.

The offering includes an over-allotment option that could increase the total gross proceeds to C$8,000,000. Each unit consists of one flow-through share and half a warrant, with each whole warrant exercisable at C$0.40 for 24 months. The offering is expected to close on October 31, 2024, with proceeds used to fund exploration in the Athabasca Basin.

Additionally, F3 Uranium has signed a marketing agreement with Apaton Finance for €20,000 from October 31, 2024, to January 31, 2025, to promote the company through various media channels.

F3 Uranium Corp (TSXV: FUU) (OTC Pink: FUUFF) has announced a revised bought deal private placement, increasing the gross proceeds to C$7,000,000. The Underwritten Offering involves the sale of 17,500,000 Charity FT Units at C$0.40 per unit. Each unit consists of one flow-through common share and half a warrant, with each whole warrant allowing the purchase of one common share at C$0.40 within 24 months of closing.

The Offering includes an Over-Allotment Option for up to 2,500,000 additional units, potentially raising an extra C$1,000,000. The Company has the right to include a President's List for up to 1,250,000 units. The Offering is expected to close on October 31, 2024, with proceeds used to fund exploration of the Company's projects in the Athabasca Basin.

F3 Uranium Corp. (TSXV: FUU) (OTC: FUUFF) has announced a bought deal private placement to raise C$5 million in gross proceeds. The company has agreed with Red Cloud Securities Inc. to sell 12,500,000 Charity FT Units at C$0.40 per unit. Each unit consists of one flow-through common share and half a warrant, with each whole warrant allowing the purchase of one common share at C$0.40 within 24 months of closing.

The offering includes an Over-Allotment Option for up to an additional 2,500,000 units, potentially increasing proceeds by C$1 million. The company also reserves the right to include a President's List for up to 1,250,000 units. The offering is expected to close on October 30, 2024, with proceeds aimed at funding exploration of the company's projects in the Athabasca Basin.