F3 Announces Closing of Bought Deal Private Placement for Gross Proceeds of C$5.5 Million

Most Recent Financing Event

• Date: April 17, 2026
• Event: Closing of Bought Deal Private Placement
• Proceeds: C$5.549 Million gross proceeds
• Instrument: Flow-through common shares (FT Shares)
• Price: C$0.20 per share
• Volume: 27,745,000 FT Shares sold
• Underwriters: Red Cloud Securities Inc., Canaccord Genuity Corp., Haywood Securities Inc., SCP Resource Finance LP
• Warrants Issued: 1,525,975 broker warrants (5.5% of units) exercisable at C$0.20 expiring April 17, 2028
• Use of Proceeds: Eligible Canadian exploration expenses for uranium projects in the Athabasca Basin (Patterson Lake North, Minto, Broach) to be incurred by December 31, 2027.

Capital Adequacy and Dilution

• Positive Impact: The closing of this financing confirms investor demand at the current share price ($0.20), validating the company's ability to access capital markets despite recent volatility. It provides necessary liquidity to continue the high-priority Tetra Zone drilling program without immediate cash constraints.
• Negative Impact: Issuance of 27.7 million shares represents significant dilution. Given the previous C$20M raise in October 2025, this indicates a continued reliance on equity financing rather than operational revenue or debt conversion. The offering price ($0.20) matches recent trading levels, suggesting no premium was paid for capital access.
• Neutral Impact: Flow-through shares are standard for Canadian junior explorers and do not inherently alter the asset value, though they reduce per-share ownership percentage.

Corporate Structure

• Entity: F3 Uranium Corp.
• Listing: TSX Venture Exchange (FUU); NASDAQ listing application filed December 2025.
• Headquarters: Canada (Athabasca Basin focus).
• Management: Dev Randhawa (CEO), Raymond Ashley (President & COO/Qualified Person).