F3 Uranium Corp. (TSXV: FUU | OTCQB: FUUFF) is advancing the newly discovered high grade JR Zone on the PLN Property in the Western Athabasca Basin. This area of Saskatchewan is poised to become the next Uranium producer and home to large uranium deposits including Tiple R, Arrow and Shea Creek. F3 Uranium currently holds 18 properties across the Athabasca Basin including the Murphy Lake Property. F3 has initiated steps to spin-out by way of a plan of arrangement 14 of its prospective properties, including Murphy Lake, into the newly incorporated wholly-owned subsidiary F4 Uranium Corp. (“F4”). The PLN Property along with the Broach (which includes the PW claims) and Minto Properties (collectively, the “PLN Project”) will remain with F3. F3 will transfer the remaining 14 properties to F4 in exchange for F4 shares that will be distributed to F3 shareholders (see NR dated Jan 16, 2024). There will be no change in shareholder holdings of F3 as a result of the plan of arrangement.
F3 Uranium Corp.
Critical Minerals Institute Official Member
Disclaimer: All stock information on InvestorNews.com is currently being fed from multiple sources and is updated automatically every 10-minutes. The information on this site is for information purposes only and InvestorIntel Corp. is neither responsible nor liable for the accuracy of this data.
InvestorNews Features on F3 Uranium Corp.
-
Back to the Future of Sourcing Uranium for Reliable Energy with Fission 3.0
It’s hard to envision the world getting all its electricity from renewable assets (solar, wind, geothermal, possibly hydro…
-
Dev Randhawa on Fission 3.0 and why ESG Investors are looking at Uranium
In a recent InvestorIntel interview, Peter Clausi speaks with Dev Randhawa, Chairman and CEO of Fission 3.0 Corp.…
-
Fission 3.0’s Experienced Management Team Targets Canada’s Athabasca Basin, the World’s Leading Source of High-Grade Uranium
Due to increasing demand for nuclear energy, nuclear reactor builds are at a 25 year high. In fact…