F3 Intersects Strong Alteration and Structure in 950 m Stepout from Tetra Zone

F3 Uranium Corp. (FUU) released results for the first two holes of its 2026 summer exploration program at Patterson Lake North, noting that no uranium assays were included in the report.

• PLN26-229, Broach Property, Target Area 1: 950 m east of Tetra Zone. Total depth 695 m; Athabasca unconformity at 161.8 m. Intersected strong bleaching at top of basement, described as comparable to Tetra alteration. The release explicitly states no radioactivity above 300 cps was detected.
• PLN26-228, Minto Property, A4 conductor: total depth 845 m; unconformity at 396.4 m. Two 0.5 m handheld scintillometer intervals above 300 cps: 688.0–688.5 m with peak 480 cps, and 809.5–810.0 m with peak 380 cps.

The company plans at least one follow-up hole at Broach Target Area 1. The release frames both holes as validating geophysical targeting and extending the alteration footprint.

F3 Uranium Corp. (FUU) reported early-stage regional exploration observations consisting of alteration and two weak scintillometer intervals, with no uranium assays. The company already holds a stronger factual anchor from prior results, including PLN25-205, which returned 22.5 m at 0.26% U3O8, including 1.0 m at 2.50% U3O8; and PLN25-219A, which returned 13.0 m at 0.28% U3O8, including 3.0 m at 1.19% U3O8. Earlier radiometric results for PLN25-219A showed 29.5 m of radioactivity with 2.30 m above 10,000 cps, peaking at 30,500 cps. Additionally, the JR Zone maiden indicated resource comprises 11.8 Mlb U3O8 at 4.39%, including a high-grade domain of 10.8 Mlb at 12.23%.

Against that history, readings of 480 cps and 380 cps over 0.5 m are not considered newsworthy as uranium results. The market has already de-rated from the January 2026 high of C$0.27 to C$0.16. This release is exploration-stage news flow, not a resource- or deposit-defining event.

F3 Uranium Corp. is a uranium explorer focused on the Patterson Lake North project in Saskatchewan's western Athabasca Basin. The company’s land package covers approximately 42,960 hectares and consists of the Patterson Lake North, Minto, and Broach areas.

The JR Zone holds an initial indicated resource of 11.8 million pounds of U3O8 at an average grade of 4.39% U3O8, which includes a high-grade domain of 10.8 million pounds at 12.23% U3O8. The Tetra Zone, a newer discovery located 13 km south of the JR Zone, does not yet have a resource estimate. Additional regional targets include the A1/B1 trends, the A4 conductor, Broach Lake South, and the Patterson West areas.

According to the July 28, 2026 presentation, the company had a market capitalization of C$85.6 million and C$22.2 million in cash on hand. The capital structure included 633.4 million issued shares, 60.6 million options, 29.4 million restricted share units (RSUs), 52.5 million warrants, and a convertible debenture of C$26.8 million, resulting in a fully diluted share count of 802.7 million.

Financial data from the Q3 2026 reported statements showed nil revenue and a net loss of C$5.8 million for the nine months ended March 31, 2026. The company held C$21.4 million in cash and equivalents, with total assets of C$107.5 million and total liabilities of C$20.7 million. Total debt stood at C$12.2 million, and the company reported negative operating cash flow of C$3.3 million for the nine-month period.

Management includes CEO Dev Randhawa, President and COO Raymond Ashley, and VP Exploration Sam Hartmann, who has prior discovery experience with Fission and Triple R.