F3 Uranium Secures C$10 Million in Private Placement

F3 Uranium (TSE:FUU) has released an update.

F3 Uranium Corp. has successfully completed a significant bought deal private placement, raising C$10 million in gross proceeds, including the full exercise of the Underwriters’ over-allotment option. The capital raised will be invested in exploring the company’s uranium projects in the prolific Athabasca Basin. Investors responded positively, with the placement including a mix of federal and Saskatchewan flow-through units, each comprising a share and a half-warrant, with the latter enabling further share purchases until May 2026.

For further insights into TSE:FUU stock, check out TipRanks’ Stock Analysis page.