- F3 Uranium (TSXV:FUU) signed a deal with Red Cloud Securities and a syndicate of underwriters, which will purchase C$15 million in shares for resale, plus an up to C$2 million over-allotment option
- The uranium exploration company, active in Saskatchewan’s Athabasca Basin, combines high grades and large-scale neighbors into a prospective case for a flow-through investment
- The Canadian uranium stock has given back 19.57 per cent year-over-year
F3 Uranium (TSXV:FUU) signed a deal with Red Cloud Securities and a syndicate of underwriters, which will purchase C$15 million in shares for resale, plus an up to C$2 million over-allotment option.
This content has been prepared as part of a partnership with F3 Uranium Corp., and is intended for informational purposes only.
The bought-deal private placement will consist of:
- 25 million F3 units priced at C$0.20. Each unit includes one common F3 Uranium share and one-half of one share purchase warrant, with each warrant allowing the owner to purchase one additional share for C$0.30 for up to 36 months after the expected closing date of October 1, 2025.
- 16,666,667 federal flow-through units priced at C$0.30. Each flow-through unit consists of one flow-through share – allowing the company to pass along eligible exploration expenses to investors, who receive shares and a tax deduction in return – as well as one-half of one warrant.
- 15,151,515 Saskatchewan flow-through units priced at C$0.33.
F3 will use the proceeds to advance exploration across its three projects spanning 106,159 acres in Saskatchewan’s Athabasca Basin, each located near some of the largest uranium deposits in the world, including Paladin’s Triple R project (expected annual production of 9.1 million pounds U3O8 for 10 years) and NexGen’s Arrow project (after-tax net present value of C$3.47 billion). Here’s a quick breakdown:
- F3’s Patterson Lake North (PLN) project is highlighted by the JR zone, where radioactivity has exceeded 65,535 counts per second with extremely high-grade assays up to 66.8 per cent U3O8 and strong evidence of mineral continuity.
- The Broach property, located as close as 5 kilometres from PLN, features six zones of anomalous radioactivity and multiple high-priority geophysical and electromagnetic conductors guiding future drilling.
- The Minto property, directly north of the JR zone, houses an 8-km-long arrangement of geophysical conductors under a resistivity low anomaly. Multiple interpreted electromagnetic conductors remain to be tested. A single drillhole in 2022 returned highly anomalous boron and weakly anomalous radiation, suggesting untapped exploration potential.
Since the initial JR zone discovery in 2022, guided by a management team that knows how to create value through sound geoscience, F3 has posted a multi-year track record of high-grade results across its properties, most recently highlighted by 13.7 per cent U3O8 over 2.5 m from the JR zone in July and a 67-m mineralized extension at Broach in August, with an abundance of high-priority targets positioning the company to close out what has been a discovery-rich year with a flourish.
With uranium demand expected to more than double by 2040 thanks to its high efficiency and lack of emissions, and production currently headed for a shortfall, F3 makes a strong case for leverage to an expected rise in the price of uranium, while benefitting from a flow-through tax deduction, as the company continues to delineate what may be a leading Canadian resource.
About F3 Uranium
F3 is a uranium exploration company active in Saskatchewan’s Athabasca Basin.
F3 Uranium stock (TSXV:FUU) opened with a loss of 13.95 per cent trading at C$0.18. The stock has given back 19.57 per cent year-over-year.
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