F4 Uranium
F4 Uranium Corp. is a junior, pre-revenue uranium exploration company with 16 properties (~157,000 hectares) in Saskatchewan's Athabasca Basin, pursuing high-grade unconformity-associated uranium deposits. It generates no commercial revenue, funding exploration through equity placements and partner earn-in agreements.
- Company typePublic
- Founded2024
- HeadquartersKelowna, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What F4 Uranium does
F4 Uranium Corp. is a junior, pre-revenue uranium exploration company headquartered in Kelowna, British Columbia, that was spun out of F3 Uranium Corp. in August 2024. The company holds a portfolio of 16 prospective uranium properties totaling approximately 157,000 hectares across three geographic clusters in Saskatchewan's Athabasca Basin—the Patterson Lake Area, the East Athabasca Area, and the Uranium City/Beaverlodge Area—with nine properties classified as drill-ready. The Athabasca Basin is the world's highest-grade uranium district, with deposits averaging roughly 20 times the global average grade, and F4's properties are positioned along or adjacent to proven structural corridors hosting deposits such as NexGen's Arrow, Paladin's Triple R, F3 Uranium's JR and Tetra Zones, and IsoEnergy's Hurricane.
F4 Uranium has no commercial production or revenue and operates in a pre-revenue exploration stage. Its business model is to advance a portfolio of exploration-stage properties toward discovery and either monetize through joint ventures and earn-in agreements with larger mining companies or advance to eventual production. Current funding comes from equity financings (primarily flow-through share private placements) and partner earn-in agreements; the most significant of these is a definitive option with UraniumX Discovery Corp. (formerly Stearman Resources Inc.) under which UraniumX can earn up to a 70% interest in the flagship Murphy Lake property by spending C$18 million on exploration, with F4 acting as operator during the earn-in period. Exploration is conducted using conventional uranium-targeting techniques—diamond drilling, ground geophysical surveys (MLEM), airborne VTEM, Mobile MT, and DC Resistivity—executed by a small technical team supplemented by contractors such as EarthEx Geophysical Solutions.
The company is led by a management and technical team whose members are credited with four major Athabasca Basin uranium discoveries: the J Zone at Waterbury Lake (2010), the Triple R deposit at Patterson Lake South (2012), the JR Zone at Patterson Lake North (2022), and the Tetra Zone at Broach Lake (2024). F4 Uranium is publicly traded on the TSX Venture Exchange (FFU), the OTCQB (FFUCF), the Frankfurt Stock Exchange, and the Tradegate Exchange in Germany, with approximately 63.3 million shares outstanding (75.7 million fully diluted) and a cash position of roughly C$1.4 million as of the most recent reporting period.
F4 Uranium firmographics
Firmographics- Name
- F4 Uranium
- Legal name
- F4 Uranium Corp.
- Website
- https://f4uranium.com
- Company type
- Public
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- F4 Uranium Corp. is a junior, pre-revenue uranium exploration company with 16 properties (~157,000 hectares) in Saskatchewan's Athabasca Basin, pursuing high-grade unconformity-associated uranium deposits. It generates no commercial revenue, funding exploration through equity placements and partner earn-in agreements.
- Ownership category
- akta.pro rank
F4 Uranium industry classification
Industry- Product category
- Uranium Exploration
- NAICS
- Support Activities for Mining (2131), Geophysical Surveying and Mapping Services (541360)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Uranium Exploration & Resource Development (EUAKACAA)
- akta.pro secondary industries
- Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB), Nuclear Fuel Cycle for Power Generation (Uranium, Conversion, Enrichment, Fuel Fabrication) (EUACADAK)
Keywords
Where F4 Uranium is headquartered
LocationHeadquarters
- HQ city
- Kelowna
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
F4 Uranium business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Others
Revenue model
- Pre-Revenue Exploration Stage: Company is in pre-revenue exploration stage. No commercial production. Future revenue would come from sale of discoveries to larger mining companies, joint ventures, or eventual production. Currently funded through equity financings and partner earn-in agreements.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
F4 Uranium product offering
Product offeringCore offering
F4 Uranium is a junior uranium exploration company that acquires, explores, and develops prospective uranium properties in Canada's Athabasca Basin, Saskatchewan. The company holds 16 prospective properties (9 drill-ready) totaling approximately 155,000-157,000 hectares, conducting diamond drilling and geophysical surveys (MLEM, VTEM, Mobile MT, DC Resistivity) to identify high-grade unconformity-associated uranium deposits. The flagship project, Murphy Lake, is being advanced under an earn-in option agreement with UraniumX Discovery Corp. to fund up to $18M in exploration for up to 70% interest.
Product overview
F4 Uranium Corp. is a uranium exploration company with a portfolio of 16 wholly-owned properties totaling approximately 155,010 hectares in Saskatchewan’s Athabasca Basin. The company's properties span three geographic areas: Patterson Lake Area (Clearwater West, Smart Lake, Todd Lake, Wales Lake East/West, Richardson River), East Athabasca Area (Bird Lake, Cree Bay, Grey Island, Lazy Edward Bay, Murphy Lake, Seahorse Lake, Tilson Lake), and Uranium City Area (Beaver River, Hearty Bay). The flagship project is Murphy Lake, where UraniumX Discovery Corp. can earn up to a 70% interest under an option agreement by spending $18 million. The company is not a technology or software product company—it operates physical exploration programs including drilling, geophysical surveys, and sampling.
Differentiator
Problem solved
Functional benefit
Products and services
- F4 Uranium Exploration Portfolio Portfolio of 16 prospective uranium properties totaling approximately 155,000-157,000 hectares in Saskatchewan's Athabasca Basin, covering three geographic areas (Patterson Lake Area, East Athabasca Area, and Uranium City Area). 9 of the 16 properties are classified as drill-ready.
- Murphy Lake Uranium Property Flagship uranium exploration property located 4.7 km from ISOEnergy's Hurricane Deposit in the East Athabasca Area. Subject to a definitive option agreement with UraniumX Discovery Corp. to earn up to a 70% interest by spending $18M. Recent drilling intersected up to 0.242% U3O8 over 0.5m in hole ML22-006. F4 operates the project during the earn-in period.
- Patterson Lake Area Properties Group of uranium exploration properties along the Patterson Lake Corridor, host to NexGen Energy's Arrow and Paladin Energy's Triple R deposits. Includes Clearwater West, Smart Lake, Todd Lake, Wales Lake East, Wales Lake West, and Richardson River.
- East Athabasca Area Properties Group of uranium exploration properties in the East Athabasca region including Bird Lake, Cree Bay, Grey Island, Lazy Edward Bay, Murphy Lake, Seahorse Lake, and Tilson Lake.
- Uranium City Area Properties Group of uranium exploration properties in the Beaverlodge / Uranium City region including Beaver River and Hearty Bay.
Companies that use F4 Uranium
Customer profileSegments1 record
Ideal customer profiles2 records
F4 Uranium technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
F4 Uranium partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- UraniumX Discovery Corp. (Stearman Resources Inc.)coreDefinitive option agreement where UraniumX can earn up to 70% interest in Murphy Lake property by spending $18M total ($10M for 50%, additional $8M for 20% more). F4 Uranium acts as operator during earn-in period. UraniumX fully funding current exploration programs.
- Stearman Resources Inc.coreSame entity as UraniumX Discovery Corp. Earn-in agreement to spend $18M to earn up to 70% interest in Murphy Lake property.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
F4 Uranium competitors and assessment
Company assessmentDirect peers
- F3 Uranium Corp. F3 Uranium is the parent entity that spun out F4 in August 2024. It operates the PLN Project in the Athabasca Basin where the JR Zone discovery was made, shares much of the same management team, and pursues the same uranium exploration thesis in the same jurisdiction — the closest possible peer.
- CanAlaska Uranium: CanAlaska is an Athabasca Basin-focused junior uranium explorer with multiple drill-ready projects and active joint ventures with majors. It is highly comparable in scale, business model, and exploration approach to F4.
- Denison Mines: Denison is an Athabasca Basin-focused uranium exploration and development company with interests in the Wheeler River project. It is a directly relevant peer operating in the same basin with a similar exploration-and-development model.
- NexGen Energy: NexGen is an Athabasca Basin-focused uranium developer with the flagship Arrow deposit along the Patterson Lake Corridor. It is one of the most advanced explorers in the same basin F4 operates in and serves as a benchmark for what a successful F4 discovery could evolve into.
- ISOEnergy: ISOEnergy holds the Hurricane Deposit, located 4.7 km from F4's flagship Murphy Lake property. It is a directly comparable Athabasca Basin junior uranium explorer with an advanced asset adjacent to F4's ground.
- Purepoint Uranium Group: Purepoint is a junior uranium explorer with a portfolio of projects in the Athabasca Basin, including joint ventures with major uranium producers. It is comparable in size and stage to F4 and competes for capital, talent, and JV partners in the same jurisdiction.
- UEX Corporation: UEX is an Athabasca Basin uranium exploration and development company with interests in projects such as Shea Creek and Horseshoe-Raven. It is a similar-stage uranium developer operating in the same premier Canadian uranium jurisdiction.
- Skyharbour Resources: Skyharbour is an Athabasca Basin uranium exploration junior with multiple drill-ready projects and active joint venture partnerships with other explorers. It is comparable in size, stage, and partnership-driven business model to F4.
Broad incumbents
- Cameco Corporation: Cameco is the world's largest publicly traded uranium producer and the dominant incumbent in the Athabasca Basin. It is not a direct competitor at the exploration stage but represents the ultimate acquirer of any major discovery made by F4 and sets the cost and capital benchmarks for the basin.
- Paladin Energy: Paladin Energy acquired Fission Uranium (operator of the Triple R deposit in the Athabasca Basin) in 2024. It is a producing uranium company with a major Athabasca asset, serving as both a comparable success case for the Fission team and a potential acquirer of F4-style discoveries.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
F4 Uranium social profiles
Digital presenceF4 Uranium financial estimates
Financial estimateRevenue estimate
Valuation estimate
F4 Uranium leadership team
Management profileNumber of profiles
Profiles8 records
F4 Uranium funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
F4 Uranium M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about F4 Uranium
What does F4 Uranium do?
F4 Uranium is a junior uranium exploration company that acquires, explores, and develops prospective uranium properties in Canada's Athabasca Basin, Saskatchewan. The company holds 16 prospective properties (9 drill-ready) totaling approximately 155,000-157,000 hectares, conducting diamond drilling and geophysical surveys (MLEM, VTEM, Mobile MT, DC Resistivity) to identify high-grade unconformity-associated uranium deposits. The flagship project, Murphy Lake, is being advanced under an earn-in option agreement with UraniumX Discovery Corp. to fund up to $18M in exploration for up to 70% interest.
Is F4 Uranium a public or private company?
F4 Uranium is a public company. It is classified as public and is currently operating.
When was F4 Uranium founded?
F4 Uranium was founded in 2024. It employs 1 to 10 people.
Where is F4 Uranium based?
F4 Uranium is headquartered in Kelowna, Canada, in the North America region.
How does F4 Uranium make money?
One revenue line is on record: pre-Revenue Exploration Stage.
Who are F4 Uranium's main competitors?
Direct peers on record are F3 Uranium Corp., CanAlaska Uranium, Denison Mines, NexGen Energy, ISOEnergy, Purepoint Uranium Group, UEX Corporation and Skyharbour Resources. Broad incumbents are Cameco Corporation and Paladin Energy.
Does F4 Uranium have an API?
No public API is recorded for F4 Uranium.
What industry is F4 Uranium in?
F4 Uranium's product category is Uranium Exploration. Its primary akta.pro industry code is EUAKACAA, Uranium Exploration & Resource Development, with a secondary code of EUAKACAB, Uranium Mining & Milling (Yellowcake/U3O8 Production). Its NAICS code is 2131 and its SIC code is 1000.