F3 Announces Grant of RSUs

Rhea-AI Summary

F3 Uranium Corp has granted 1,000,000 restricted share units (RSUs) to Sam Hartmann, the Vice President of Exploration. The RSUs vest in three parts over a period of three years. Once vested, each RSU represents the right to receive one common share of the Company or the equivalent cash value.

Kelowna, British Columbia--(Newsfile Corp. - July 27, 2023) - F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ("F3" or "the Company") announces that it has granted a total of 1,000,000 restricted share units ("RSUs") to Sam Hartmann, the Corporation's Vice President of Exploration, in accordance with the terms of his employment agreement dated April 5, 2023, pursuant to the Company's Deferred Share Unit and Restricted Share Unit Compensation Plan. The RSUs granted vest 1/3 on one-year anniversary from grant date and 1/3 on January 27, 2025, and 1/3 on July 27, 2026. Once vested, each RSU represents the right to receive one common share of the Company or the equivalent cash value thereof, at the Company's discretion.

About F3 Uranium Corp:
F3 is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world's largest high-grade uranium discoveries. F3 Uranium currently has 16 projects in the Athabasca Basin. Several of F3's projects are near large uranium discoveries, including the Arrow, Triple R and Hurricane deposits.

F3 Uranium Corp. Contact Information
Investor Relations
Telephone: 778 484 8030
Email: ir@fission3corp.com

ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO

The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward- looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Readers are cautioned not to place undue reliance on forward-looking information or statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/175192

FAQ

What is the news about F3 Uranium Corp?

The news is about F3 Uranium Corp granting restricted share units (RSUs) to Sam Hartmann, the Vice President of Exploration.

How many RSUs were granted to Sam Hartmann?

A total of 1,000,000 RSUs were granted to Sam Hartmann.

How do the RSUs vest?

The RSUs vest in three parts - 1/3 on the one-year anniversary from the grant date, 1/3 on January 27, 2025, and 1/3 on July 27, 2026.

What does each RSU represent once vested?

Once vested, each RSU represents the right to receive one common share of the Company or the equivalent cash value.

What is the purpose of the Deferred Share Unit and Restricted Share Unit Compensation Plan?

The purpose of the plan is to provide compensation to employees through the issuance of RSUs.

What is the stock ticker symbol for F3 Uranium Corp?

The stock ticker symbol for F3 Uranium Corp is FUU on the TSXV and FUUFF on the OTCQB.