- F3 Uranium (TSXV:FUU) published an initial resource estimate for the JR Zone deposit on its Patterson Lake North project in Saskatchewan
- The exploration company is active in the Athabasca Basin near some of the world’s largest high-grade uranium deposits
- F3 Uranium stock has given back 51.92 per cent year-over-year
F3 Uranium (TSXV:FUU) published an initial resource estimate for the JR Zone deposit on its Patterson Lake North project in Saskatchewan, detailing 11,801,000 lb U3O8 indicated based on 121,259 tons averaging 4.39 per cent U3O8, including a high-grade domain of 10,788,000 lb U3O8 based on 39,997 tons averaging 12.23 per cent U3O8.
With 1 lb of uranium being equivalent to 1.17924 lb U3O8, and uranium currently trading for more than US$80 per pound, according to Trading Economics, the resource represents more than US$800 million in the ground, strategically located near Paladin’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits.
The estimate centres on the 4,074-hectare Patterson Lake North property within the broader 44,613-hectare project, setting a prospective tone for the unexplored 20,675-hectare Minto property and 19,022-hectare Broach property, the latter the site of the Tetra Zone, F3’s most recent discovery, yielding 1 m of 2.50 per cent U3O8 within 22.5 m averaging 0.26 per cent U3O8.
Management commentary
“With the JR Zone resource definition phase now successfully concluded, the company will turn its attention to the recently-discovered Tetra Zone, just 13 km from JR Zone. This high-grade indicated resource, in combination with the potential of Tetra, sets an exciting stage for growth in the new year,” Raymond Ashley, president and chief operating officer of F3 Uranium, said in Monday’s news release. “The team will pursue additional high-impact targets across our extensive PLN land package, with a priority focus on Tetra. We are well-funded to advance drilling programs through 2026 with C$26.1 million in the treasury as of December 18, 2025.”
About F3 Uranium
F3 is a uranium exploration company active in Saskatchewan’s Athabasca Basin near some of the world’s largest high-grade uranium deposits.
F3 Uranium stock (TSXV:FUU) opened unchanged trading at C$0.12 and has given back 51.92 per cent year-over-year.
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