F3 expands PLN uranium project with acquisition of PW property

F3 Uranium (TSXV:FUU; OTCQB:FUUFF) is expanding its PNL (Patterson Lake North) project thanks to a land swap with CanAlaska Uranium (TSXV:CVV). CanAlaska will trade its PW (Patterson West) property for F3’s Hobo Lake property. Both properties are located in the Athabasca Basin of Saskatchewan.

The north end of the PW property is located 7.5 km to the south of F3's JR zone high-grade uranium discovery on its PLN 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.

F3 discovered the JR zone in 2022 with a hole that returned 15 metres grading 6.97% uranium oxide (U₃O₈), including 5.5 metres at 18.5% U₃O₈, and including 1 metre at 59.2% U₃O₈.

Each company will retain a 2.5% net smelter returns royalty on all production from the property it swapped, and the other company will have a repurchase right for 1% of the NSR royalty from the royalty holder for $3 million.

Learn more about the PLN project at www.F3Uranium.com.