F3 Uranium (TSE:FUU) has released an update.
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F3 Uranium Corp. has initiated a Debt Settlement with Denison Mines Corp., combining cash payments and common share issuance to address interest obligations. The deal involves a cash payment of $225,000 and 316,901 common shares, linked to a debenture with a 9% coupon, maturing in 2028, and convertible at $0.56 per share. This strategic financial move is set against the backdrop of F3’s development in the uranium-rich Western Athabasca Basin.
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