Business
F3 Issues Shares for Interest Debt Settlement
Kelowna, British Columbia--(Newsfile Corp. - January 28, 2026) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") notes that pursuant its financing agreement with Denison Mines Corp. (TSX: DML) (NYSE American: DNN) from October 2023, ("Denison") it has elected to settle a portion of the interest accrued to date in common shares (the "Debt Settlement").The payment to Denison will consist of a cash payment of $225,000 and a total of 815,217 common shares of the corporation at a.
About this update from F3 Uranium Corp
[{"type":"text","content":"Kelowna, British Columbia--(Newsfile Corp. - January 28, 2026) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") notes that pursuant its financing agreement with Denison Mines Corp. (TSX: DML) (NYSE American: DNN) from October 2023, ("Denison") it has elected to settle a portion of the interest accrued to date in common shares (the "Debt Settlement").","length":423,"tagName":"p"},{"type":"text","content":"The payment to Denison will consist of a cash payment of $225,000 and a total of 815,217 common shares of the corporation at a deemed price of $0.138 per share","length":159,"tagName":"p"},{"type":"text","content":"Terms of the Debenture as previously announced","length":46,"tagName":"p"},{"type":"text","content":"The Debenture carries a 9% coupon (the "Interest"), payable quarterly, has a maturity date of October 18, 2028, and is convertible at Denison's option into common shares of the Company at a conversion price of $0.56 per share (the "Conversion Price"). F3, at its sole discretion, may pay up to one-third of the Interest in common shares of F3 issued at a price per common share equal to the volume-weighted average trading price of F3's common shares on the TSX Venture Exchange (the "TSXV") for the 20 trading days ending on the day prior to the date on which such payment of Interest is due. Full details of the debenture are noted in the press releases of October 6 and October 18, 2023.","length":728,"tagName":"p"},{"type":"text","content":"All securities issued pursuant to the Debt Settlement are subject to the approval of the TSX-V and, when issued, a statutory hold period in Canada expiring four months and one day from the date of issuance.","length":206,"tagName":"p"},{"type":"text","content":"The shares-for-debt transaction was approved by the Company's Board of Directors pursuant to the terms of the debenture and did not require a formal valuation nor minority shareholder approval pursuant to Multilateral Instrument 61-101.","length":240,"tagName":"p"},{"type":"text","content":"About F3 Uranium Corp.:","length":23,"tagName":"p"},{"type":"text","content":"F3 Uranium is a uranium exploration company, focusing on the recently discovered high-grade JR Zone on its Patterson Lake North (PLN) Project in the Wester...