FUU

Uranium Mining Market Performance Booming as Demand Skyrockets, Projected to Reach $11 Billion

Retrieved on: 
Wednesday, January 17, 2024
Probability, UXC, Mergers and acquisitions, Luce Irigaray, Federal, Power plant engineering, Sale, Carbon, TSX Venture Exchange, NXE, Soil, Growth, FUU, Void coefficient, PLN, Spin-off (media), UEC, Mining, Environment, ISR, Murphy Lake, Indian stock exchange, PALM, Athabasca, STUD, Arrangement, CFT, Powder River Basin, Conventional weapon, TSX, Water, Nuclear energy, Nuclear fission, SASK, Agent, OTCQB, Canada Business Corporations Act, Stallion, Broach, News, Arrow, Uranium mining

The construction and expansion of nuclear power plants lead to increased uranium demand, driving uranium mining activities.

Key Points: 
  • The construction and expansion of nuclear power plants lead to increased uranium demand, driving uranium mining activities.
  • The report says: “The global uranium mining market is expected to reach US$ 11,388.3 million by 2030, with an annual growth rate of more than 5.0%.
  • The uranium mining market is estimated to be 53.0 thousand tons (kt) in 2023.
  • Based on the mining method, the open-pit mining segment is the most common method of uranium mining, accounting for over 90% of global uranium production in 2022.

F3 Announces Intention to Spin-Out F4 Uranium Corp.

Retrieved on: 
Tuesday, January 16, 2024
Athabasca, FUU, Meeting, Arrangement, Property, PLN, Spin-off (media), Tropical cyclone, Attention, Radioactive decay, Canada Business Corporations Act, Murphy Lake, TSX Venture Exchange, National Instrument 43-101, Broach, National instrument, Oil

Raymond Ashley, President of F3 and incoming CEO of F4, commented: "The F4 Properties demand greater attention from the drill bit and from the market.

Key Points: 
  • Raymond Ashley, President of F3 and incoming CEO of F4, commented: "The F4 Properties demand greater attention from the drill bit and from the market.
  • The proposed terms of the Arrangement provide that, among other things, F3 will transfer the Properties to F4 in exchange for F4 Shares.
  • F3 shareholders will receive F4 Shares on the basis of one F4 Share for every 10 common shares of F3 held at the record date of the Arrangement.
  • In addition, it is proposed that upon the creation of F4, F3 shall make a strategic investment into F4, providing sufficient capital to complete the Spin-Out and Listing.

F3 Grants Options

Retrieved on: 
Friday, January 12, 2024
Indian stock exchange, Consultant, FUU, Employment, LTIP, Option

Kelowna, British Columbia--(Newsfile Corp. - January 12, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (FSE: X42) (the "Company") announces that it has granted 10,000,000 incentive stock options (the "Options") to purchase common shares of the Company ("Common Shares") to certain Directors, Officers, Consultants and Employees of the Company pursuant to the Company's long-term incentive plan (the "LTIP").

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - January 12, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (FSE: X42) (the "Company") announces that it has granted 10,000,000 incentive stock options (the "Options") to purchase common shares of the Company ("Common Shares") to certain Directors, Officers, Consultants and Employees of the Company pursuant to the Company's long-term incentive plan (the "LTIP").
  • Each Option is exercisable into one Common Share at an exercise price of $0.45 per Common Share for a period of five (5) years from the date of grant.
  • The Options shall vest as to 1/3 on the date of grant and 1/6 every 6 months thereafter.
  • All the Options expire on January 12, 2029.

F3 Mobilizes to Drill A1 and B1 at PLN

Retrieved on: 
Monday, January 8, 2024
FUU, PLN, Injection, Boron, EM

The 2024 work is fully funded and budgeted at $16M and consists of ground geophysics and drilling of approximately 55 drill holes totaling 24,000m.

Key Points: 
  • The 2024 work is fully funded and budgeted at $16M and consists of ground geophysics and drilling of approximately 55 drill holes totaling 24,000m.
  • Exploration efforts will initially focus on the A1 shear hosting the JR Zone and the B1 area 3km south of the JR Zone.
  • "We are excited to set out on this aggressive winter program aimed at JR Zone expansion and discovery of additional mineralized zones along the 5km long A1 and parallel B1 shear zones.
  • Drilling efforts at the B1 area will focus on targets developed through integration of 3D-DCIP ground resistivity and ground EM data, along with drill core geochemistry.

F3 to Spend $16 Million on Drilling at PLN

Retrieved on: 
Wednesday, December 27, 2023
TSV, FUU, PLN, JR, Rare-earth element

Kelowna, British Columbia--(Newsfile Corp. - December 27, 2023) - F3 Uranium Corp (TSV: FUU) (OTCQB: FUUFF) ("F3" or "the Company") is pleased to announce that it is on track for mobilization to start in early January for the 2024 exploration program, budgeted at $16M, of ground geophysics and drilling on its flagship Patterson Lake North ("PLN") Property.

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - December 27, 2023) - F3 Uranium Corp (TSV: FUU) (OTCQB: FUUFF) ("F3" or "the Company") is pleased to announce that it is on track for mobilization to start in early January for the 2024 exploration program, budgeted at $16M, of ground geophysics and drilling on its flagship Patterson Lake North ("PLN") Property.
  • The program objectives are to continue to expand the JR Zone following up on recently announced high grade intercepts (see NR dated December 18, 2024), to discover additional mineralized zones along the 5km A1 and parallel B1 shear zones, and to make new discoveries elsewhere on the 98,708 acre PLN Project claims area.
  • The JR Zone discovery made just over 1 year ago increased the prospectivity of the entire PLN Project area.

F3 Drills 2.0m of 20.6% U3O8 Within 7.56% over 5.5m at JR Zone and Encounters Strongly Anomalous Boron in Sandstone at A1B

Retrieved on: 
Monday, November 27, 2023
A1B, A1, Boron, Uranium, FUU, Tourmaline, Radioactive decay, Uranium mining

At the A1B area, drill hole PLN23-093 encountered a 2.0m interval averaging 5,557 ppm Boron in highly altered Athabasca Sandstone, approximately 17m from the unconformity along the A1B shear.

Key Points: 
  • At the A1B area, drill hole PLN23-093 encountered a 2.0m interval averaging 5,557 ppm Boron in highly altered Athabasca Sandstone, approximately 17m from the unconformity along the A1B shear.
  • Boron values over 5,000 ppm, associated with dravite veining and breccias, have previously only been intersected on the property within Athabasca Sandstone immediately above the JR Zone, 3.5 km away.
  • Going forward we will refer to the A1B shear zone as B1 to differentiate it more clearly from the A1 shear zone, as a separate structure."
  • 2.0m @ 20.6% U3O8 (232.0 m to 234.0m), further including:
    2.0m @ 5,557 ppm boron (354.5m to 356.5m) in sandstone, including
    24.5m @ 25 ppm uranium (602.0m to 626.5m) in basement, including

F3 Announces 2023 AGM Results

Retrieved on: 
Thursday, November 23, 2023
FUU

Kelowna, British Columbia--(Newsfile Corp. - November 23, 2023) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") released today final voting results from its annual general and special meeting of shareholders (the "Meeting") held Monday November 20.

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - November 23, 2023) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") released today final voting results from its annual general and special meeting of shareholders (the "Meeting") held Monday November 20.
  • A total of 148,962,276 common shares were represented at the Meeting, representing 32.89% of the issued and outstanding common shares as at the record date on October 16, 2023.
  • Each of the 5 nominees proposed for election as a director as listed in the Company's Management Information Circular, were elected by a majority of votes to serve until the next annual meeting or until a successor is elected or appointed.
  • The elected board members are:

F3 Receives $8,224,747 from Exercise of Warrants

Retrieved on: 
Friday, November 17, 2023
Aggregate, FUU, Nuclear energy, PLN, Exercise

Kelowna, British Columbia--(Newsfile Corp. - November 17, 2023) - F3 Uranium Corp. (TSXV: FUU) (the "Company" or "F3") is pleased to announce that it has received total proceeds of $8,224,747 from the exercise of warrants, between May 12, 2023, and November 10, 2023.

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - November 17, 2023) - F3 Uranium Corp. (TSXV: FUU) (the "Company" or "F3") is pleased to announce that it has received total proceeds of $8,224,747 from the exercise of warrants, between May 12, 2023, and November 10, 2023.
  • The Aggregate proceeds received from the exercise of the warrants will be used for future exploration work on the Company's projects, corporate development and general corporate and working capital purposes.
  • "We are pleased to see over $8 million in warrants exercised.
  • Adam Giddens is the director of Torque but holds no securities in F3 and no securities will be issued in connection with Torque's engagement.

Drilling at JR Zone Continues Focusing on Up Dip and Down Dip

Retrieved on: 
Wednesday, October 25, 2023
A1, A1B, Christmas, PLN, Athabasca Basin, FUU, Road, Uranium mining

A second diamond drill that is focused on exploration drilling to the south of the JR Zone along the A1B conductor continues to intersect encouraging signs for potential proximal mineralization.

Key Points: 
  • A second diamond drill that is focused on exploration drilling to the south of the JR Zone along the A1B conductor continues to intersect encouraging signs for potential proximal mineralization.
  • The current extended fall drill program is anticipated to continue until December when there is anticipated to be a break over the Christmas season before drilling is set to resume in the new year.
  • "The JR Zone, which is the most exciting recent discovery in the Athabasca Basin, is located at the north end of the conductive corridor which contains the A1 and parallel and offset A1B conductors.
  • Many of the uranium deposits in the Athabasca Basin occur as individual and separate mineralized zones along a linear conductive geological fault structure, so called pearls on a string.

Drilling Continues at JR Zone While Ground Geophysics Commences on A1B

Retrieved on: 
Tuesday, October 24, 2023
A1, 3D, A1B, Radioactive decay, TSV, PLN, NR, FUU, SE, 2D, Rare-earth element, Uranium mining

Mobilization has commenced for a 3D ground resistivity survey to obtain a signature over the JR Zone and to develop targets for drilling in 2024 over the A1B conductor, ~3km south of the JR Zone, and the newly defined southeastern 1.3km extension to the conductive corridor.

Key Points: 
  • Mobilization has commenced for a 3D ground resistivity survey to obtain a signature over the JR Zone and to develop targets for drilling in 2024 over the A1B conductor, ~3km south of the JR Zone, and the newly defined southeastern 1.3km extension to the conductive corridor.
  • "Drilling continues at the JR Zone filling in up and down dip on section lines where the mineralization remains open.
  • A second drill is also continuing to focus on exploration drilling to the south of the JR Zone along the A1B conductor where encouraging signs for potential proximal mineralization are being encountered.
  • We are excited that the ground 3D resistivity survey is about to commence to provide a signature over the JR Zone and to help define targets for the aggressive drilling programs coming in 2024 that will allow us to home in on the next mineralized zone along the newly extended A1 and A1B conductive corridor.