F3 Uranium arranges $5-million bought deal offering

Executive Summary

• F3 Uranium Corp. announced a bought deal private placement of 25 million flow-through shares at $0.20 per share, generating gross proceeds of C$5 million.
• The underwriters have an option to purchase up to an additional 5 million flow-through shares for up to C$1 million in gross proceeds.
• Proceeds will be used for eligible Canadian exploration expenses related to the company's uranium projects in the Athabasca basin, with expenditures renounced to subscribers effective December 31, 2026.

Key Details

• Transaction Structure: Bought deal private placement via Red Cloud Securities Inc. as lead underwriter and sole bookrunner.
• Instrument: Common shares issued as flow-through shares under Subsection 66(15) of the Income Tax Act (Canada).
• Base Offering Size: 25,000,000 flow-through shares.
• Price: $0.20 CAD per flow-through share.
• Gross Proceeds (Base): $5,000,000 CAD.
• Over-Allotment Option: Underwriters may purchase up to 5,000,000 additional flow-through shares at the offering price.
• Gross Proceeds (Option): Up to $1,000,000 CAD.
• Use of Proceeds: Incurring eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures and flow-through mining expenditures pursuant to the Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan).
• Project Focus: Uranium projects in the Athabasca basin, Saskatchewan.
• Renunciation Date: All qualifying expenditures will be renounced in favour of subscribers effective December 31, 2026.
• Exemptions: Offered via accredited investor and minimum amount investment exemptions under National Instrument 45-106.
• Hold Period: Four months plus one day following the closing date.
• Closing Date: Scheduled for April 17, 2026, or as agreed by the company and Red Cloud.
• Conditions: Subject to receipt of necessary approvals, including TSX Venture Exchange approval.