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F3 Uranium Corp
Symbol FUU
Shares Issued 507,715,728
Close 2025-01-16 C$ 0.25
Market Cap C$ 126,928,932
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F3 Uranium shareholders approve all matters at AGM

2025-01-16 17:22 ET - News Release

Mr. Dev Randhawa reports

F3 ANNOUNCES RESULTS FROM AGM

F3 Uranium Corp. has released the results of its Jan. 15, 2025, annual general meeting of shareholders. A total of 181,376,951 common shares, representing approximately 35.28 per cent of the company's outstanding common shares, were voted in person and by proxy at the meeting.

The company announces the following directors are confirmed as the company's board of directors:

  • Devinder Randhawa;
  • Raymond Ashley, PGeo;
  • John DeJoia, PGeo;
  • Terrence Osier, PGeo;
  • Rebecca Greco.

The shareholders approved of all other matters as proposed, including the appointment of Davidson & Co. LLP, chartered professional accountants, as auditor of the company and approval of the company's stock option plan and the company's restricted share unit, performance share unit and deferred share unit compensation plan.

The company also announces that, pursuant to it press release of Jan. 6, 2025, the TSX Venture Exchange has approved of the issuance of 450,000 common shares as payment to Denison Mines for interested accrued on its convertible debenture for the period from Oct. 1, 2024, to Dec. 31, 2024. The shares are being issued at a deemed price of 25 cents per share for a total of $112,500 in interest.

About F3 Uranium Corp.

F3 Uranium is a uranium exploration company advancing its newly discovered high-grade JR zone and exploring additional mineralized zones on its 100-per-cent-owned Patterson Lake North (PLN) property in the southwest Athabasca basin. F3 Uranium currently has three properties in the Athabasca basin: PLN, Minto and Broach. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR zone discovery is located approximately 25 kilometres northwest of the Patterson Lake area, host to Paladin Energy's Triple R and NexGen Energy's Arrow high-grade uranium deposits and poised to become the next major area of development for uranium operations in Northern Saskatchewan. Fission Uranium, which discovered the Triple R deposit, was acquired by Paladin Energy in a merger inked in June, 2024, for an implied total equity value of $1.14-billion.

The company's management, headed up by Mr. Randhawa as chief executive officer and chairman, Mr. Ashley as president, and Sam Hartmann as vice-president, exploration, is the serially successful team that founded Fission Uranium in 2012 and made the Triple R discovery at Patterson Lake South. Previous to that, the same team founded Fission Energy, made the J zone discovery at Waterbury Lake in the eastern Athabasca basin and built Fission Energy into a TSX Venture 50 company.

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