10:58:49 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



F3 Uranium Corp
Symbol FUU
Shares Issued 415,137,457
Close 2023-11-16 C$ 0.41
Market Cap C$ 170,206,357
Recent Sedar Documents

F3 Uranium receives $8.22-million from warrant exercise

2023-11-17 00:38 ET - News Release

Mr. Dev Randhawa reports

F3 RECEIVES $8,224,747 FROM EXERCISE OF WARRANTS

F3 Uranium Corp. received total proceeds of $8,224,747 from the exercise of warrants between May 12, 2023, and Nov. 10, 2023.

The aggregate proceeds received from the exercise of the warrants will be used for future exploration work on the company's projects, corporate development, and general corporate and working capital purposes.

"We are pleased to see over $8-million in warrants exercised. With the addition of the $15-million investment from uranium leader, Denison Mines, at 56 cents (convertible debenture), we continue to see the confidence in the management and the PLN asset of F3," said Dev Randhawa, chairman and chief executive officer. "I have been in this industry since 1996 and have never seen the support from both sides of the aisle that nuclear is now receiving. Uranium spot prices have hit a 12-year high of $77. Nuclear energy is the solution for the two leading concerns of the world's energy industry, security of supply and clean, baseload energy supply."

F3 Uranium also announces it has engaged Torque Capital Partners to create content and co-ordinate digital marketing campaigns, pay-per-click digital services, and e-mail and newsletter marketing. This program will be for three months, commencing Nov. 16, 2023. Upon TSX Venture Exchange approval, Torque will invoice F3 Uranium an upfront amount of $100,000 (U.S.). Adam Giddens is the director of Torque but holds no securities in F3 Uranium, and no securities will be issued in connection with Torque's engagement.

About F3 Uranium Corp.

F3 Uranium is advancing the newly discovered high-grade JR zone on the PLN property in the western Athabasca basin. This area of Saskatchewan is poised to become a major uranium-producing region, and is home to large deposits, including Triple R, Arrow and Shea Creek. F3 Uranium currently has 18 projects in the Athabasca basin.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.