Kelowna, British Columbia--(Newsfile Corp. - October 6, 2023) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUF) ("F3" or the "Company") is pleased to announce that it has entered into a binding agreement with Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) for a $15 million strategic investment by Denison with the acquisition of unsecured convertible debentures issued by F3 (the "Debentures"). The Debentures will be convertible at a conversion price of $0.56, representing a 30% premium to F3's current five-day volume weighted average price. Assuming conversion of the Debentures and no other changes to F3's outstanding share capital, shares issued would represent approximately 6% of the Company.

Dev Randhawa, CEO of F3 commented, "We are pleased to welcome Denison as a strategic investor in the Company. Denison is a uranium industry leader, possessing a diverse array of both early and advanced-stage assets in the Athabasca Basin, where F3 is currently advancing the Patterson Lake North (PLN) property. We highly value Denison's perspectives on uranium exploration and look forward to pursuing a productive relationship."

David Cates, President, and CEO of Denison commented, "F3's technical team has an incredible track record of exploration success including the discovery of the JR Zone on the PLN property, which represents one of the top new uranium discoveries globally. We are pleased to be investing in F3 and supporting the further assessment of the PLN property." see & read more on
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1283-tsx-venture/fuu/149151-f3-announces-15-million-strategic-investment-from-denison-mines.html