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The latest update is out from F3 Uranium ( (TSE:FUU) ).
F3 Uranium Corp. has opted to settle a portion of its interest debt to Denison Mines Corp. through a combination of cash and common shares as part of its financing arrangement. This strategic move involves issuing 450,000 common shares alongside a $225,000 cash payment, reflecting F3’s approach to managing its financial commitments under the debenture agreement. The transaction aligns with the company’s discretion under the terms of the debenture to pay part of the interest using its common shares, which supports F3’s operational liquidity while adhering to regulatory requirements. The company’s board has approved this shares-for-debt transaction, which does not require a formal valuation or minority shareholder approval.
More about F3 Uranium
F3 Uranium is a uranium exploration company focused on advancing its high-grade JR Zone and exploring additional mineralized zones in the Athabasca Basin. The company owns three properties in the area: Patterson Lake North (PLN), Minto, and Broach, with PLN being a significant focus due to its location and infrastructure accessibility.
YTD Price Performance: 6.15%
Average Trading Volume: 405,974
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $96.77M
Learn more about FUU stock on TipRanks’ Stock Analysis page.
