F3 Uranium announces C$15 million private placement financing

F3 Uranium Corp. (TSXV: FUU) announced it has entered into an agreement for a bought deal private placement to raise gross proceeds of C$15 million. Red Cloud Securities Inc. serves as lead underwriter and sole bookrunner for the offering.

The financing consists of three components: 25 million units priced at C$0.20 each, 16.7 million federal flow-through units at C$0.30 each for charitable purchasers, and 15.2 million Saskatchewan flow-through units at C$0.33 each for charitable purchasers.

Each unit includes one common share and one-half warrant, with each whole warrant exercisable at C$0.30 for 36 months after closing. Flow-through units contain one flow-through share and one-half warrant with the same terms.

The underwriters have an over-allotment option to purchase additional units and federal flow-through units for up to C$2 million in additional gross proceeds, exercisable up to 48 hours before closing.

F3 Uranium plans to use proceeds to fund exploration of its Athabasca Basin projects in Saskatchewan and for general corporate purposes. Flow-through share proceeds will fund eligible Canadian exploration expenses for uranium projects, with expenditures to be completed by December 31, 2026, and renounced to subscribers effective December 31, 2025.

The offering will be conducted under the listed issuer financing exemption across Canadian provinces except Quebec. Securities sold under this exemption are expected to be immediately freely tradeable. The offering may also include sales in offshore jurisdictions and the United States on a private placement basis.

The transaction is scheduled to close on October 1, 2025, subject to regulatory approvals including TSX Venture Exchange approval.

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