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F3 Uranium Corp V.FUU

Alternate Symbol(s):  FUUFF

Energy
F3 Uranium Corp. is a uranium exploration company. The Company is advancing its newly discovered high-grade JR Zone and exploring additional mineralized zones on its 100%-owned Patterson Lake North (PLN) Project in the southwest Athabasca Basin. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR Zone discovery is located over 25 kilometers (km) northwest of Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits. The PLN project comprises the PLN, Minto and Broach properties. The PLN property is located near the south-western edge of the Athabasca Basin. The PLN project consists of two mineral claims covering a total of 4,074 hectares. The Minto Property is located directly north of the JR zone discovery and 28km south of the Shea Creek deposit. The Broach property is located five km south of the JR zone and 22km north of Fission Uranium Triple R deposit. The property sits along the estimated Athabasca basin boundary.


TSXV:FUU - Post by User

F3 Uranium Corp > $15 Million Strategic Investment from Denison Mines V.FUU
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Post by Betteryear2on Oct 06, 2023 6:59pm
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Post# 35674106

$15 Million Strategic Investment from Denison Mines V.FUU

$15 Million Strategic Investment from Denison Mines V.FUUKelowna, British Columbia--(Newsfile Corp. - October 6, 2023) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUF) ("F3" or the "Company") is pleased to announce that it has entered into a binding agreement with Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) for a $15 million strategic investment by Denison with the acquisition of unsecured convertible debentures issued by F3 (the "Debentures"). The Debentures will be convertible at a conversion price of $0.56, representing a 30% premium to F3's current five-day volume weighted average price. Assuming conversion of the Debentures and no other changes to F3's outstanding share capital, shares issued would represent approximately 6% of the Company.

F3 Announces $15 Million Strategic Investment from Denison Mines (newsfilecorp.com)
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