F3 Uranium announces C$5 million private placement offering

F3 Uranium Corp. (TSXV: FUU) announced it has entered into an agreement for a private placement offering of 25 million flow-through shares at C$0.20 per share, generating gross proceeds of C$5 million.

Red Cloud Securities Inc. serves as lead underwriter and sole bookrunner for the syndicate handling the offering. The underwriters have an option to purchase an additional 5 million flow-through shares at the same price for up to C$1 million in additional gross proceeds.

The company will use proceeds to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures related to its uranium projects in the Athabasca Basin, Saskatchewan, on or before December 31, 2027. All qualifying expenditures will be renounced in favor of subscribers effective December 31, 2026.

The flow-through shares will be offered through accredited investor and minimum amount investment exemptions under National Instrument 45-106 in all Canadian provinces. The shares will be subject to a four-month-plus-one-day hold period following the closing date.

The offering is scheduled to close on April 17, 2026, subject to conditions including receipt of necessary approvals and TSX Venture Exchange approval.

F3 Uranium focuses on uranium exploration in the Western Athabasca Basin, with three properties including Patterson Lake North, Minto, and Broach. The company is developing the JR Zone and Tetra Zone discovery on its Patterson Lake North project.

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