F3 Uranium (TSE:FUU) has released an update.
F3 Uranium Corp. is proceeding with a strategic spin-out of its non-core uranium exploration assets into a new entity, F4 Uranium Corp., distributing shares to existing F3 shareholders. This move aims to unlock value for shareholders by allowing focused capital allocation and avoiding dilution from non-core project exploration. The transfer includes 17 prime exploration projects in the Athabasca Basin, with F3 retaining its flagship PLN Project, and the transaction is expected to be completed in the third quarter following shareholder and regulatory approvals.
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