F3 Uranium ( (TSE:FUU) ) has issued an update.
F3 Uranium Corp. has announced a debt settlement agreement with Denison Mines Corp., involving the issuance of 562,500 common shares at a deemed value of $0.200 per share and a cash payment of $225,000. This strategic move allows F3 to manage its financial obligations while maintaining operational focus on its exploration projects in the Athabasca Basin, potentially strengthening its position in the uranium industry.
More about F3 Uranium
F3 Uranium Corp. is a uranium exploration company focused on advancing its high-grade JR Zone and exploring additional mineralized zones on its 100%-owned Patterson Lake North (PLN) Property in the southwest Athabasca Basin. The company has three properties in the Athabasca Basin: PLN, Minto, and Broach. F3 Uranium is led by a management team with a successful track record in uranium exploration, including the discovery of the Triple R deposit at Patterson Lake South.
YTD Price Performance: -21.11%
Average Trading Volume: 308,952
Technical Sentiment Signal: Strong Buy
Current Market Cap: $74.49M
For a thorough assessment of FUU stock, go to TipRanks’ Stock Analysis page.