F3 Uranium Corp. announced on October 3, 2025, an update to its debt interest settlement with Denison Mines Corp. for interest accrued on a financing agreement from October 2023. F3 elected to settle a portion of this interest in common shares.
The payment to Denison now consists of a cash payment of $225,000 and a total of 556,931 common shares of F3 Uranium, issued at a deemed price of $0.202 per share. This transaction increases Denison's equity holding in F3 Uranium.
The original debenture carries a 9% coupon, payable quarterly, and matures on October 18, 2028. It remains convertible at Denison's option into common shares of F3 at a conversion price of $0.56 per share.
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