F3 Uranium Corp V.FUU

F3 Advances F4 Spin Out

[Betteryear2]

Kelowna, British Columbia--(Newsfile Corp. - June 10, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") and F4 Uranium Corp. ("F4") are pleased to announce the signing of a definitive arrangement agreement (the "Arrangement Agreement") to effect the previously announced transaction (the "Transaction") pursuant to which F3 will transfer 17 of the Company's prospective uranium exploration projects in the Athabasca Basin including the Murphy Lake, Cree Bay, Hearty Bay, Clearwater West, Wales Lake East, Wales Lake West, Todd Lake, Smart Lake, Lazy Edward Bay, Grey Island, Seahorse Lake, Bird Lake, Beaver River, Bell Lake, Flowerdew Lake, Henderson Lake and James Creek properties (collectively, the "Properties") to F4 in exchange for common shares of F4 (the "F4 Shares"), all of which the Company will distribute to its shareholders (the "F3 Shareholders") on the basis of one F4 Share for every 10 common shares of F3 held. The Patterson Lake North Property along with the Broach and Minto Properties (collectively, the "PLN Project"), totaling 42,961 hectares, will remain with F3. The Transaction will be effected by way of plan of arrangement under the Canada Business Corporations Act.

F3 Advances F4 Spin Out (newsfilecorp.com)