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An announcement from F3 Uranium ( (TSE:FUU) ) is now available.
F3 Uranium Corp. has elected to settle a portion of interest owed under its October 2023 debenture financing agreement with Denison Mines Corp. through a combination of cash and equity, paying $225,000 in cash and issuing 815,217 common shares at a deemed price of $0.138 per share. The debenture carries a 9% coupon, matures on October 18, 2028 and is convertible at Denison’s option at $0.56 per share, with F3 retaining the right to satisfy up to one-third of interest payments in shares, subject to TSX Venture Exchange approval and standard Canadian hold periods, underscoring the company’s use of equity-based structures to manage financing costs while advancing its Athabasca Basin exploration assets.
The most recent analyst rating on (TSE:FUU) stock is a Hold with a C$0.22 price target. To see the full list of analyst forecasts on F3 Uranium stock, see the TSE:FUU Stock Forecast page.
Spark’s Take on TSE:FUU Stock
According to Spark, TipRanks’ AI Analyst, TSE:FUU is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue, ongoing losses, and sustained negative free cash flow). Technicals are supportive with strong momentum and price above key moving averages, but overbought signals temper the outlook. Valuation is also constrained by negative earnings and no dividend.
To see Spark’s full report on TSE:FUU stock, click here.
More about F3 Uranium
F3 Uranium Corp. is a uranium exploration company focused on the recently discovered high‑grade JR Zone on its Patterson Lake North (PLN) project in the western Athabasca Basin, Saskatchewan. The company holds three properties in the basin—Patterson Lake North, Minto and Broach—in a region that hosts some of the world’s largest high-grade uranium deposits, positioning F3 within a prominent global uranium district.
Average Trading Volume: 2,173,113
Technical Sentiment Signal: Buy
Current Market Cap: C$135.5M
Find detailed analytics on FUU stock on TipRanks’ Stock Analysis page.