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F3 Uranium Corp. (FUUFF) is a uranium project generator and exploration company, with a focus on projects in the Athabasca Basin, known for major high-grade uranium discoveries. The company holds various projects near significant uranium deposits like Triple R, Arrow, and Hurricane. The upcoming summer exploration program in 2024 includes drilling core holes, ground gravity surveys, and Time Domain EM geophysical surveys, with the intent to target uranium mineralization on the Clearwater West Property acquired by SKRR Exploration Inc. F3's experienced management team plans to progress drilling in areas exhibiting increased conductivity and untested airborne EM conductors, aiming to identify potential high-grade uranium zones. The property's location near known uranium deposits and the presence of conductive areas define promising targets for exploration.
F3 Uranium Corp has resumed drilling on the PLN Property targeting the A1 and B1 shears. The program aims to explore new mineralized zones along the structural corridor, focusing on areas with significant faults and high-grade uranium potential. The company is utilizing new geological and geophysical models to identify high-priority drill targets for potential uranium mineralization. The ground gravity survey will provide additional insights into the A1 and B1 areas, enhancing the understanding of regional conductive corridors.
F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) has increased the gross proceeds of its private placement to C$9,000,000 due to investor demand. The Underwritten Offering includes 16,071,429 flow-through units at C$0.56 per unit. Red Cloud Securities Inc. is the lead underwriter. An Over-Allotment Option for additional units is available. The Offering is expected to close on May 23, 2024, and the proceeds will fund exploration in the Athabasca Basin.
F3 Uranium Corp. has announced a C$7.5 million bought deal private placement with Red Cloud Securities Inc. The company will sell 13,392,857 flow-through units at C$0.56 per unit, including common shares and warrants. Additional FT units may be offered through the Over-Allotment Option and President's List. The Offering is set to close on May 23, 2024, with proceeds intended for exploration in the Athabasca Basin.
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