F4 Uranium Announces Closing of Brokered Private Placement for Gross Proceeds of C$1.0 Million

F4 Uranium Corp. (FFU) closed its previously announced best-efforts brokered private placement on July 9, 2026, raising gross proceeds of C$1,009,200, which included the partial exercise of the agent's over-allotment option. The company issued 6,728,000 flow-through units at C$0.15 per unit. Each unit consists of one flow-through common share and one-half of a common share purchase warrant. The warrants are exercisable at C$0.22 per share and expire on July 9, 2028.

The proceeds are designated for eligible Canadian exploration expenses on its Athabasca Basin uranium projects. Qualifying expenditures will be incurred on or before December 31, 2027, with renunciations effective December 31, 2026. An insider acquired 667,000 units, demonstrating partial management alignment. Broker Red Cloud Securities Inc. received C$56,650.50 in cash commissions and 377,670 warrants exercisable at C$0.15. Securities carry a four-month and one-day hold period expiring November 10, 2026. TSX Venture Exchange approval remains pending.

F4 Uranium Corp. (FFU) announced the closing of its financing on June 16, 2026. The offering price of C$0.15 aligns with the recent trading range of $0.10–$0.13, indicating fair market pricing without significant discounting or premium.

The transaction provides essential working capital but is incremental in scale relative to the company's multi-year exploration budget and ongoing cash burn. Insider participation of 667,000 units is positive for sentiment but represents a small fraction of total outstanding shares, limiting its impact on control or major capital infusion. The issuance of flow-through units and warrants introduces near-term dilution, particularly as warrants become exercisable in July 2028, creating a potential overhang.

F4 Uranium Corp. is a pre-revenue junior explorer formed via a spin-out from F3 Uranium in August 2024. The company holds a portfolio of 17 uranium exploration properties in Saskatchewan's Athabasca Basin, carrying a balance sheet value of $6.8 million. Flagship projects include Murphy Lake, Todd Lake, and Wales Lake. Murphy Lake is strategically located 5 km south of IsoEnergy's Hurricane deposit and 4 km east of Cameco's La Rocque Lake zone. All projects are in the exploration stage with no formal mineral resource estimates, reserves, or economic studies. The company relies on geophysical surveys, historical drilling, and targeted exploration to identify prospective corridors.