F3 Uranium arranges $15-million financing

Executive Summary

• F3 Uranium Corp. announced a bought‑deal private placement for aggregate gross proceeds of C$15 million, with an additional up‑to‑C$2 million option for underwriters.
• The offering consists of 25 M common units (20¢ per unit) and flow‑through units priced at 30¢–33¢ each, all accompanied by half‑share purchase warrants exercisable at 30¢ within 36 months.
• Proceeds will fund exploration of the company’s Athabasca Basin projects and general corporate purposes, including eligible Canadian flow‑through mining expenditures through Dec 31 2026.

Key Details

• Units Offered:
• 25 M common units @ C$0.20 per unit (each unit = 1 common share + ½ warrant).
• Federal Flow‑Through Units (FFT):
• 16,666,667 FFT units @ C$0.30 per unit (each unit = 1 common share + ½ warrant).
• Saskatchewan Flow‑Through Units (SFT):
• 15,151,515 SFT units @ C$0.33 per unit (each unit = 1 common share + ½ warrant).
• Underwriter Option: Up to an additional C$2 million of units/FFT units may be purchased by underwriters up to 48 hours before closing.
• Warrant Terms: Each whole warrant allows purchase of one common share at C$0.30, exercisable any time up to 36 months after the closing date.
• Use of Proceeds:
• Finance exploration of Athabasca Basin projects (Patterson Lake North, Minto, Broach).
• General corporate purposes and working capital.
• Eligible flow‑through mining expenditures for Canadian uranium projects, to be renounced to FT unit subscribers by Dec 31 2025; qualifying expenses must be incurred by Dec 31 2026.
• Closing Date: Expected on Oct. 1 2025 (or earlier/later by mutual agreement).
• Regulatory Conditions: Subject to TSX Venture Exchange approval and compliance with NI 45‑106 prospectus exemptions; securities freely tradeable in Canada (except Quebec) upon issuance, with a hold period of four months plus one day for non‑exempt units.

Notable Quotes

(No CEO/President quotes were provided in the release.)