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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.
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F3 Uranium Corp. has entered into a property swap agreement with CanAlaska Uranium Ltd., exchanging the Hobo Lake Property for the Patterson West Property, both located in the Athabasca Basin, Saskatchewan. The Patterson West Property is strategically located near F3's high-grade uranium discovery and contiguous with the F3 Broach Lake Property. The Property Swap includes a 2.5% net smelter returns royalty on all minerals mined, produced, or recovered from the properties, with a repurchase right for 1% of the NSR royalty from the royalty holder for $3 million. The Property Swap qualifies as an 'Exempt Transaction' under TSXV Policy 5.3.
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F3 Uranium Corp. is initiating steps to spin-out 14 uranium exploration projects into a newly incorporated subsidiary, F4 Uranium Corp. This will unlock value for F3 shareholders and preserve focus on the PLN Project. F4 will hold one of the largest, most prospective uranium exploration portfolios in the Athabasca Basin with experienced management. The Spin-Out is expected to be completed in the second quarter of 2024.
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F3 Uranium Corp. announces the granting of 10,000,000 incentive stock options to certain individuals under the long-term incentive plan. Each option is exercisable into one common share at an exercise price of $0.45 per share for a period of five years from the date of grant, with vesting and expiration details provided.
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F3 Uranium Corp (FUU) announces the commencement of its winter drilling program at the Patterson Lake North Project. The $16M program includes ground geophysics and drilling of 55 holes totaling 24,000m, with a focus on the JR Zone and the B1 area. The company aims to expand the JR Zone and discover additional mineralized zones along the A1 and B1 shear zones, with promising geological features recognized in the fall drilling. The 3D-DCIP ground resistivity survey is nearing completion, and drilling efforts at the B1 area will focus on targets developed through integration of data.
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F3 Uranium Corp (TSV: FUU) (OTCQB: FUUFF) is on track for a $16M exploration program in early January 2024, focusing on ground geophysics and drilling on its flagship Patterson Lake North Property. The program aims to expand the JR Zone, discover mineralized zones along A1 and B1 shear zones, and make new discoveries on the 98,708 acre PLN Project claims area.
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F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) announces initial scintillometer results from the last eleven drill holes of the fall drill program on the Patterson Lake North Property, including multiple high-grade intercepts.
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F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) grants 12,765,000 incentive stock options and 12,590,000 restricted share units to certain Directors, Officers, Consultants, and Employees pursuant to the long-term incentive plan. Each option is exercisable into one common share at an exercise price of $0.41 per common share for a period of five years. The RSUs will vest over a three-year period beginning on the one-year anniversary of the grant date.
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F3 Uranium Corp (FUU) announces additional assay results for the ongoing drill program, including ultra-high grade U3O8 intervals and significant boron values, indicating a potential for a major discovery. The company reported high grade mineralization in the JR Zone and promising exploration drilling results from the A1B area, demonstrating widespread structural complexity and opportunity for the next discovery.
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F3 Uranium Corp. (FUU) released final voting results from its annual general and special meeting of shareholders. A total of 148,962,276 common shares were represented, representing 32.89% of the issued and outstanding common shares. All 5 director nominees were elected, and several motions were passed, including the appointment of an auditor, approval of option and incentive plans, and confirmation of amendments to the By-Laws.
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F3 Uranium Corp. (TSXV: FUU) announces $8.2 million in proceeds from warrant exercises, plans to use funds for exploration work and corporate development. The company also highlights a $15 million investment from Denison Mines and engagement with Torque Capital Partners for digital marketing.
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FAQ
What is the current stock price of F3 URANIUM NEW (FUUFF)?
The current stock price of F3 URANIUM NEW (FUUFF) is $0.191 as of October 15, 2024.
What is the market cap of F3 URANIUM NEW (FUUFF)?
The market cap of F3 URANIUM NEW (FUUFF) is approximately 96.3M.
What is F3 Uranium Corp. focused on?
F3 Uranium Corp. is dedicated to uranium project generation and exploration, particularly in the Athabasca Basin.
Where are F3 Uranium Corp.'s projects located?
The company's projects are situated in the Athabasca Basin, known for hosting significant high-grade uranium discoveries.
What are the key targets of F3 Uranium Corp.'s upcoming summer exploration program?
The exploration program aims to drill core holes, conduct ground gravity surveys, and Time Domain EM geophysical surveys targeting uranium mineralization on the Clearwater West Property.
What sets F3 Uranium Corp. apart from others in the industry?
F3 is distinguished by its experienced management team, successful track record, and strategic focus on areas with high uranium exploration potential.
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