F3 Uranium Corp. announced on June 30, 2025, that it has elected to settle a portion of the interest accrued on its financing agreement with Denison Mines Corp. from October 2023. The settlement involves a combination of cash and common shares.
The payment to Denison consists of $225,000 in cash and a total of 478,723 common shares of F3 Uranium. This transaction impacts Denison's investment in F3 Uranium, increasing its equity stake.
The original debenture carries a 9% coupon, payable quarterly, and has a maturity date of October 18, 2028. It is convertible at Denison's option into common shares of F3 at a conversion price of $0.56 per share.
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