F3 Uranium Corp Stock Price, News & Analysis

F3 Uranium Corp (TSXV: FUU, OTCQB: FUUFF) reported significant assay results from its winter 2024 drill program at the JR Zone, including a notable 2.0m interval grading 31.4% U3O8 within a 12.0m interval averaging 7.6% U3O8. The summer drilling program continues around the A1 and B1 shears, showing promising structure and radioactivity. Highlight assays include PLN24-116 with high-grade uranium, and ongoing exploration at B1 showing potential. Noteworthy summer findings include intermittent radioactivity at multiple drill sites, indicating potential uranium mineralization.

F3 Uranium Corp. (TSXV: FUU, OTCQB: FUUFF) has announced a definitive arrangement agreement with F4 Uranium Corp. to spin out 17 uranium exploration projects in the Athabasca Basin to F4. These projects include properties such as Murphy Lake, Cree Bay, and many others, totaling 168,422 hectares. F3 shareholders will receive one F4 share for every 10 F3 shares they hold. The PLN Project will remain with F3. The transaction will be conducted via a plan of arrangement under the Canada Business Corporations Act and requires several approvals, including court and TSXV approvals, as well as two-thirds shareholder approval at a special meeting expected in Q3 2024. The transaction aims to unlock value for F3 shareholders, preserve focus on the PLN Project, and leverage F4's experienced management team.

F3 Uranium Corp. has announced a definitive option agreement with Canadian GoldCamps Corp. to allow Canadian GoldCamps to earn up to a 70% interest in F3's Murphy Lake Property in the Athabasca Basin, Saskatchewan. To acquire this interest, Canadian GoldCamps will make non-refundable cash payments totaling $1.1 million and incur expenditures totaling $18 million over a three-year period. This transaction, if completed, will be a fundamental change for Canadian GoldCamps, which will shift focus to mining exploration and development and plan to list on the Canadian Securities Exchange as a mining issuer. The agreement includes a provision for Canadian GoldCamps to issue shares equal to 9.9% of its outstanding shares to F4 Uranium Corp., a subsidiary of F3. Furthermore, F4 will receive a 2% net smelter royalty on the property.

F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) has closed a 'bought deal' private placement, raising C$10,074,414.59. This includes full exercise of the Underwriters' over-allotment option. The Company sold 7,409,908 federal flow-through units (FFT Units) at C$0.5355 each, and 10,447,235 Saskatchewan flow-through units (SFT Units) at C$0.5845 each, totaling 17,857,143 FT Units at a blended price of C$0.5642 per FT Unit.

Red Cloud Securities Inc. led the underwriting, with Canaccord Genuity Corp., Haywood Securities Inc., SCP Resource Finance LP, and Eight Capital also participating. Each FT Unit includes one common share and half a common share purchase warrant, exercisable at C$0.56 until May 30, 2026.

The offering consists of two tranches: C$4,999,999.74 raised under 'listed issuer financing' exemption, and the rest under 'accredited investor' and 'minimum amount investment' exemptions. A commission of C$540,342.80 was paid to the Underwriters, along with 957,589 Broker Warrants. Funds will support exploration in the Athabasca Basin. Final TSX Venture Exchange approval is pending.

F3 Uranium has revised the pricing for its private placement, now aiming for gross proceeds of over C$10.0 million. The Company will issue 16,071,429 flow-through units (FT Units) at a blended price of C$0.5642 per unit. The offering is underwritten by Red Cloud Securities. Each FT Unit includes one common share and one half of a warrant, allowing the purchase of an additional share at C$0.56 within 24 months. An option to purchase additional units could increase the total proceeds to C$10,074,414.59. The funds will be used for exploration in the Athabasca Basin. The offering is set to close on May 28, 2024, with certain units being immediately tradeable and others subject to a restricted period. Underwriters will receive a 5.5% commission and broker warrants, with reduced terms for units sold under the President's List.

F3 Uranium Corp has resumed drilling on the PLN Property targeting the A1 and B1 shears. The program aims to explore new mineralized zones along the structural corridor, focusing on areas with significant faults and high-grade uranium potential. The company is utilizing new geological and geophysical models to identify high-priority drill targets for potential uranium mineralization. The ground gravity survey will provide additional insights into the A1 and B1 areas, enhancing the understanding of regional conductive corridors.

F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) has increased the gross proceeds of its private placement to C$9,000,000 due to investor demand. The Underwritten Offering includes 16,071,429 flow-through units at C$0.56 per unit. Red Cloud Securities Inc. is the lead underwriter. An Over-Allotment Option for additional units is available. The Offering is expected to close on May 23, 2024, and the proceeds will fund exploration in the Athabasca Basin.

F3 Uranium Corp. has announced a C$7.5 million bought deal private placement with Red Cloud Securities Inc. The company will sell 13,392,857 flow-through units at C$0.56 per unit, including common shares and warrants. Additional FT units may be offered through the Over-Allotment Option and President's List. The Offering is set to close on May 23, 2024, with proceeds intended for exploration in the Athabasca Basin.