FUU

Hearty Bay Drilling Suggests Till Sampling May Lead to Source of Radioactive Boulders

Retrieved on: 
Thursday, March 21, 2024
VLF, Ice, F3, FUU, Uranium mining

Drill Program Suspended Due to Early Ice Road Closure

Key Points: 
  • The winter ice road which the Company employs to access the Hearty Bay drill sites was closed about one month earlier than usual.
  • Importantly, this suggests that it will be possible to use the subglacial till sampling method to trace the dispersion of uraniferous till under the lake, and thus directly back to the source of the historic Isle Brochet high grade boulder trains.
  • The discovery of this 2.3 m thick till under the lake provides strong support for additional sub glacial till sampling to ultimately lead directly to the source from which the radioactive boulder trains on Isle Brochet originate.
  • An inversion based structural interpretation will then be included for drill planning for the next program on the property for which the timing is being considered.

Global Uranium Production to Increase as Prices Are Expected to Hit a 15 Year High

Retrieved on: 
Tuesday, April 2, 2024
Triple, CPS, Appaloosa, International Financial Reporting Standards, Transport, OTCQX, Party, Westinghouse, Count, Technical, International, PALM, PLS, GlobalData, Fertility, Stallion, Glacier Media, Climate change, COP28, STUD, Ice, OTCQB, FCU, Athabasca Basin, News, Handgun holster, Radioactive decay, TSX, NXE, NexGen, Mining, Conference, Growth, Conference of the Parties, Fission, FUU, BGO, Uranium mining

It added: "Kazakhstan is expected to deliver the highest uranium production growth in 2024, GlobalData says, driven by the planned higher output from the country’s largest uranium producer Kazatomprom.

Key Points: 
  • It added: "Kazakhstan is expected to deliver the highest uranium production growth in 2024, GlobalData says, driven by the planned higher output from the country’s largest uranium producer Kazatomprom.
  • The continuous ramp-up of Canada’s McArthur River uranium mine will also contribute to the global increase, it adds.
  • Despite a 5.1% dip in output in 2023 due to planned lower production from Kazatomprom, its output is expected to recover in 2024, with forecast production of 23.2kt.
  • It continued: “Meanwhile, global uranium production in 2024 will be further bolstered by continuous ramp-up of Canada’s McArthur River, which is aiming to produce 6.9kt of uranium (8.2kt of U3O8) for 2024.

F3 and Traction Begin Drilling to Locate Source of Radioactive Boulders

Retrieved on: 
Friday, March 8, 2024
Boart Longyear, FUU, TSV

A sonic drill has arrived on site to complete a 2,000-metre program, searching for the source of the Isle Brochet radioactive boulders, grading up to 8.23% U3O8.

Key Points: 
  • The program is designed to find the source of glacially dispersed uraniferous boulders and anomalous till geochemistry samples on Isle Brochet.
  • The glacially dispersed material in combination with the recently completed gravity survey provides new, reliable targets for the program that were not tested in previous and historic drill programs.
  • A total of approximately 2,000 metres of drilling is planned using a Boart Longyear sonic drill that can recover and sample both overburden and bedrock.
  • The program should be completed by the end of March, dependant on ice conditions.

Canadian GoldCamps to Earn 50% of Murphy Lake for $10M Exploration Spend

Retrieved on: 
Tuesday, February 20, 2024
Property, FUU, Partnership, Oil

The staged option will allow Canadian Goldcamps to earn up to a 70% interest in the Murphy Lake Property (the "Property") in the Athabasca Basin, Saskatchewan.

Key Points: 
  • The staged option will allow Canadian Goldcamps to earn up to a 70% interest in the Murphy Lake Property (the "Property") in the Athabasca Basin, Saskatchewan.
  • The partnership highlights the prospectivity of the Murphy Lake property with Canadian GoldCamps sole-funding exploration for three years, minimizing share dilution to F4 shareholders.
  • following the next equity financing of Canadian GoldCamps (for gross proceeds of not less than $6 million), 9.9% of the issued and outstanding common shares of Canadian GoldCamps will be issued to F4.
  • The percentage of a 2% NSR Royalty to F4 equal to Canadian GoldCamps percentage interest in the Property.

F3 Hits 2.05m Off Scale >65,535 CPS in First Hole of Winter Program at JR Zone

Retrieved on: 
Tuesday, January 30, 2024
Nature, FUU, PLN, SCC, Radioactive decay, CPS, 3D, SWML, News

A thin, lower mineralized zone up to 23,600 cps starting at 272.00m was also intersected and marks the first intersection of strong radioactivity below the JR Zone.

Key Points: 
  • A thin, lower mineralized zone up to 23,600 cps starting at 272.00m was also intersected and marks the first intersection of strong radioactivity below the JR Zone.
  • As the Dias 3D resistivity survey is days away from being completed, preparations are underway at site for the next phase of ground geophysics.
  • The Company considers greater than 300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade and greater than 65,535 cps as off-scale.
  • Samples from the drill core are split in half on site and are standardized at 0.5m lengths.

F3 Announces Commencement of Drilling at PLN

Retrieved on: 
Tuesday, January 23, 2024
FUU, National Instrument 43-101, PLN, News, National instrument, Boron

Kelowna, British Columbia--(Newsfile Corp. - January 23, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") is pleased to announce that drilling has commenced for the 2024 winter drill campaign on its 100%-owned Patterson Lake North ("PLN") Project.

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - January 23, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") is pleased to announce that drilling has commenced for the 2024 winter drill campaign on its 100%-owned Patterson Lake North ("PLN") Project.
  • The drill program focuses initially on the JR Zone and the B1 Area, located 3km south of the JR Zone.
  • Many of the hallmarks commonly associated with uranium mineralization were recognized in the fall drilling in the B1 Area, highlighting its strong potential.
  • Drill targets at the B1 Area are being developed through the integration of 3D-DCIP ground resistivity that is nearing completion, along with ground EM data and drill core geochemistry.

F3 Expands PLN Project with Acquisition of PW Property from CanAlaska

Retrieved on: 
Monday, January 22, 2024
FUU, Swap, PLN, Uranium, Policy, TSX Venture Exchange, Mineral, National Instrument 43-101, 3RRR, News, National instrument, NSR, Athabasca Basin

Kelowna, British Columbia--(Newsfile Corp. - January 22, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") is pleased to announce that it has entered into a property swap agreement (the "Property Swap") with CanAlaska Uranium Ltd. ("CanAlaska"), pursuant to which F3 will receive CanAlaska's Patterson West Property (the "PW Property") in exchange for F3's Hobo Lake Property (the "Hobo Lake Property"), both properties of which are located in the Athabasca Basin, Saskatchewan.

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - January 22, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") is pleased to announce that it has entered into a property swap agreement (the "Property Swap") with CanAlaska Uranium Ltd. ("CanAlaska"), pursuant to which F3 will receive CanAlaska's Patterson West Property (the "PW Property") in exchange for F3's Hobo Lake Property (the "Hobo Lake Property"), both properties of which are located in the Athabasca Basin, Saskatchewan.
  • The north end of the Patterson West Property is located just 7.5 km to the south of F3's JR Zone high grade uranium discovery on its Patterson Lake North Property and it is immediately to the west and contiguous with the F3 Broach Lake Property.
  • The Company will incorporate the PW Property claims into its Broach Lake Property, which together with the PLN and Minto Properties will collectively become the PLN Project.
  • The PW Property claims, totaling 3,015 ha, are ideally situated in relation to F3's other PLN Project properties and through incorporation into the Broach Lake Property will further the Company's objective to maintain a singular focus on its PLN Project and to expand upon the JR Zone discovery.

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.