USA
CanadaEnergy Transition & Power Demand▲
F3 Uranium to Pay Denison Interest With 797,872 Shares and $225,000 Cash
F3 Uranium Corp. will issue 797,872 common shares to Denison Mines Corp. to settle a portion of accrued interest owed under a financing agreement entered into in October 2023. The payment consists of a cash payment of $225,000 plus the shares, issued at a deemed price of $0.141 per share, being the 20-day VWAP as at September 28, 2026. The underlying debenture carries a 9% coupon payable quarterly, matures on October 18, 2028, and is convertible at Denison's option at a conversion price of $0.56 per share; F3 may pay up to one-third of the interest in shares. All securities issued are subject to TSX-V approval and a statutory hold period in Canada expiring four months and one day from issuance. The shares-for-debt transaction was approved by F3's Board of Directors and did not require a formal valuation or minority shareholder approval under Multilateral Instrument 61-101.
About megatrends
Energy Transition & Power Demand › Uranium Mining & Development ▼Capital
Critical Materials & Supply Chain › Uranium & Nuclear Fuel Cycle Capital
Critical Materials & Supply Chain › Uranium Mining Capital
Energy Transition & Power Demand › Nuclear Fuel Cycle (Uranium & Enrichment) Capital
DNN · Capital · Positive Denison receives $225,000 cash plus 797,872 F3 shares to settle accrued interest under its convertible debenture financing.
F3 Uranium Corp. · Capital · Neutral F3 issues shares and pays cash to settle accrued interest on its 9% convertible debenture, a financing-related obligation.