May 1, 2023
F3 Uranium Corp. leads the charge in high-grade uranium exploration in the Athabasca Basin
- F3 is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world's largest high-grade uranium discoveries
- The company currently has 16 projects in the Athabasca Basin - several are near large uranium discoveries, including Arrow, Triple R and Hurricane deposits
F3 Uranium Corp. (TSXV:FUU) is an Athabasca Basin-focused uranium exploration and project generation company, boasting 16 projects in this area, which is home to some of the largest and highest-grade uranium deposits in the world.
During the fall 2022 exploration drill program, F3 Uranium made a new uranium discovery at the A1 conductor on its 100%-owned Patterson Lake North property. Discovery hole PLN22-035 intersected extremely radioactive and off-scale (>65,535 CPS) pitchblende mineralization.
Uranium assay results from the discovery hole returned one continuous 15.0 m interval averaging 6.97% U3O8 including a high-grade 5.5 m interval averaging 18.6% U3O8, which further includes an ultra-high grade core which assayed 59.2% U3O8 over 1.0 m. Three follow-up holes intersected up to 63,400 cps and expanded the high-grade mineralization both up-dip and 23 m along strike, grid south.
A large drill program is currently being planned for winter 2023 aiming to expand the new zone. This new discovery is located 25 km northwest of the Patterson Lake area, host to Fission Uranium’s Triple R and NexGen’s Arrow world class uranium deposits which is poised to become the next major area of development for new uranium operations in northern Saskatchewan.
Guided by a management team with a 20-year track record of growing shareholder wealth, the TSX Venture Exchange has recognized the company’s efforts and announced them as one of the winners on this year's Venture 50 list.
To learn more about F3 Uranium Corp., visit their website here.
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The 2023 TSX Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. The ranking is composed of 10 companies from each of the five industry sectors and are selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume.
For the full 2023 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit: www.tsx.com/venture50