Kelowna, British Columbia: F3 Uranium Corp Announces Successful Closing of Private Placement

Exciting News for F3 Uranium Corp

Kelowna, British Columbia–(Newsfile Corp. – October 31, 2024) – F3 Uranium Corp. (TSXV: FUU) (OTC Pink: FUUFF) (“F3 Uranium” or the “Company”) is pleased to announce the closing of its previously announced “bought deal” private placement (the “Offering”) for aggregate gross proceeds of C$8,000,000, which includes the full exercise of the Underwriters’ over-allotment option. Under the Offering, the Company sold 7,500,000 federal flow-through units of the Company (the “FFT Units”) at a price of C$0.375 per FFT Unit and 12,500,000 Saskatchewan flow-through units of the Company (the “SFT Units”, and together with the FFT Units, the “FT Units”) at a price of C$0.415 per SFT Unit, for an aggregate of 20,000,000 FT Units at a blended price of C$0.40 per FT Unit.

This successful closing of the private placement represents a significant milestone for F3 Uranium Corp. The Company has raised a substantial amount of capital, which will enable it to further strengthen its position in the market and pursue its strategic objectives.

Impact on Stakeholders

Shareholders of F3 Uranium Corp can look forward to potential growth and development opportunities as the Company utilizes the funds raised to advance its projects and expand its operations. The successful completion of the private placement demonstrates investor confidence in F3 Uranium Corp’s vision and potential for future success.

Effect on Me

As a stakeholder in F3 Uranium Corp, the successful closing of the private placement could have a positive impact on me. The Company’s strengthened financial position may lead to potential value growth in my investment and increased opportunities for future returns.

Effect on the World

The successful private placement by F3 Uranium Corp could have broader implications for the world. As the Company continues to develop its projects and explore new opportunities in the uranium sector, it may contribute to advancements in clean energy technologies and sustainable resource development.

Conclusion

In conclusion, the successful closing of the private placement by F3 Uranium Corp marks an exciting milestone for the Company and its stakeholders. With the significant capital raised, F3 Uranium Corp is well-positioned to pursue its strategic objectives and drive growth and innovation in the uranium sector.