F3 Uranium

What F3 Uranium does

F3 Uranium Corp. (formerly Fission 3.0 Corp.) is a Canadian junior uranium exploration company headquartered in Kelowna, British Columbia, publicly traded on the TSX Venture Exchange (FUU), OTCQB (FUUFF), and FSE (X42), with a market capitalization of approximately C$132 million. The company operates three contiguous 100%-owned properties — Patterson Lake North (PLN), Minto, and Broach — covering roughly 106,159 acres in Saskatchewan's southwest Athabasca Basin, one of the world's highest-grade uranium districts (hosting grades approximately 20x the global average). F3's portfolio centers on two high-grade uranium discoveries: the JR Zone at PLN, which has a maiden NI 43-101 inferred resource of approximately 11 million pounds of uranium at 12% U3O8 (with maximum assayed grades of 66.8% U3O8 over 0.5m), and the Tetra Zone at Broach, discovered in April 2025 with a mineralized strike length of at least 1.4 km that remains open.

The company employs conventional uranium exploration techniques including diamond drilling, ground geophysics (Moving Loop Electromagnetics, DC Resistivity, magnetotellurics), and airborne VTEM Max surveys targeting basement-hosted, shallow, high-grade uranium mineralization along shear zones. F3 is pre-revenue and generates no commercial sales; its business model is a project generator model in which value is created through resource discovery and realized through eventual partnership, sale, development, or spin-out. Capital is raised exclusively through equity financings — including brokered private placements led by Haywood Securities and Red Cloud Securities, and a C$15 million convertible debenture strategic investment from Denison Mines Corp. (October 2023). The company holds approximately C$22 million in cash, with C$12 million allocated to its 2026 drilling program.

The management and technical team is responsible for four major Athabasca Basin uranium discoveries over the past 15 years, including the Triple R deposit at Patterson Lake South (acquired by Paladin Energy for C$1.14 billion), J Zone at Waterbury Lake (2010), JR Zone (2022), and Tetra Zone (2024/2025). A fifth venture, F4 Uranium Corp., was spun out to F3 shareholders as a free dividend in August 2024. The company filed a Form 40-F with the SEC in December 2025 in connection with a planned NASDAQ listing to broaden U.S. investor access.

Name

F3 Uranium

Legal name

F3 Uranium Corp.

Website

https://f3uranium.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

F3 Uranium is a pre-revenue Canadian junior uranium exploration company operating three 100%-owned properties (PLN, Broach, Minto) in Saskatchewan's southwest Athabasca Basin, anchored by the high-grade JR Zone (11M lbs U3O8 inferred at 12%) and the Tetra Zone discovery, with value realized through resource development, partnership, or sale.

Ownership category

akta.pro rank

Product category

Uranium Exploration

akta.pro primary industry

Uranium Exploration & Resource Development (EUAKACAA)

akta.pro secondary industry

Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB)

Keywords

• Uranium exploration
• Mineral resource discovery
• Athabasca Basin projects
• Diamond drilling services
• Uranium project generation

Headquarters

HQ city

Kelowna

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Exploration Stage (Pre-Revenue): F3 Uranium is a pre-revenue uranium exploration company. No commercial production or revenue currently. Company raises capital through equity financings (private placements, flow-through shares) to fund exploration activities. Value creation through resource discovery and eventual development/partnership/exit.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

F3 Uranium is a pre-revenue Canadian uranium exploration company that discovers and develops high-grade uranium deposits in the southwest Athabasca Basin, Saskatchewan. The company operates three 100%-owned properties (Patterson Lake North, Broach, and Minto) covering approximately 106,159 acres, with primary assets being the JR Zone (maiden inferred resource of 11 million pounds of U3O8 at 12%) and the newly discovered Tetra Zone at Broach Lake. Value is created through systematic diamond drilling and geophysical surveying programs funded by equity capital raised via brokered private placements.

Product overview

F3 Uranium is a uranium exploration company focused on its 100%-owned Patterson Lake North Project in the Western Athabasca Basin, Saskatchewan, Canada. The company operates three main properties: Patterson Lake North (PLN), Minto, and Broach, covering approximately 106,159 acres. Its portfolio centers on the high-grade JR Zone discovery at PLN, which established a maiden inferred resource of ~11 million pounds at 12% U3O8, and the recently discovered Tetra Zone on the Broach property approximately 12km south of JR Zone. The company is led by a technical team responsible for multiple major uranium discoveries in the Athabasca Basin, including the Triple R deposit acquired by Paladin Energy for C$1.14 billion.

Differentiator

Problem solved

Functional benefit

Products and services

• Patterson Lake North (PLN) Property 100%-owned property covering 4,074 hectares in the southwest Athabasca Basin, hosting the high-grade JR Zone uranium discovery along the A1 Main Shear Zone, located approximately 25km northwest of Paladin's Triple R and NexGen's Arrow uranium deposits.
• Broach Property 19,023-hectare uranium exploration property in the southwest Athabasca Basin hosting the Tetra Zone discovery, located approximately 5-15 km south of the JR Zone and 7 km north of Paladin's Triple R deposit, accessible via Highway 955.
• Minto Property
• JR Zone Discovery High-grade uranium discovery at PLN property with a maiden inferred resource of approximately 11 million pounds of uranium at 12% U3O8. The discovery hole intersected 6.97% U3O8 over 15.0m including 1.0m at 59.2% U3O8, and the zone has been expanded to 156m along strike with a maximum recorded assay grade of 66.8% U3O8 over 0.5m.
• Tetra Zone Discovery High-grade uranium discovery on the Broach property approximately 12km south of JR Zone. Drillhole PLN25-205 intersected radioactivity over 33.0m including 0.56m at greater than 10,000 cps with peak of 37,700 cps at 398.34m. The mineralized system extends at least 1.4 km along strike and was expanded to 135m length with a high-grade intersection of 3.0m of 1.19% U3O8.

Quantifiable outcome

• 11 million pounds of uranium inferred resource at 12% U3O8 at JR Zone
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor.

• Delray Capital Markets GroupminorGTM or Marketing Partner · 16 June 2026Marketing agreement with Delray Capital Markets Group for investor relations and capital markets awareness services at a cost of US$200,000 for an initial three-month term.
• Canadian GoldCampsminorStrategic or Co-development Partner · 30 June 2024Canadian GoldCamps to spend $18 million to earn 70% of Murphy Lake property through an earn-in agreement.
• CanAlaska Uranium Ltd.minorStrategic or Co-development Partner · 22 January 2024F3 acquired CanAlaska Uranium Ltd.'s Patterson West property in January 2024, merging it with the Broach Lake Property to form 17 mineral claims covering 19,023 hectares.
• SKRR Exploration Inc.minorStrategic or Co-development Partner · 26 May 2023Option agreement for Clearwater West property in Saskatchewan. F3 and SKRR announced joint exploration plans for the property, with SKRR planning work programs.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• NexGen Energy: NexGen is a direct Athabasca Basin peer developing the high-grade Arrow uranium deposit adjacent to F3's properties. Both companies target basement-hosted uranium mineralization in the southwest Athabasca and compete for the same investor capital, drill contractors, and strategic-acquirer attention.
• Paladin Energy: Paladin acquired Fission Uranium (C$1.14B) and now owns the Triple R deposit adjacent to F3's PLN/Broach properties. Paladin is the most natural strategic acquirer for F3 given the prior transaction history with this same management team and direct proximity of the deposits.
• Denison Mines: Denison is an Athabasca Basin uranium developer/operator (McClean Lake mill, Wheeler River) and holds a C$15M strategic convertible in F3. Denison competes for exploration talent and is simultaneously a peer, strategic investor, and potential acquirer/JV partner.
• IsoEnergy: IsoEnergy is an Athabasca-focused uranium explorer/developer (Hurricane zone at Larocque East) with comparable market cap scale and exploration-stage profile. Both companies pursue high-grade basement uranium in Saskatchewan and target similar investor pools.
• CanAlaska Uranium: CanAlaska is an Athabasca Basin uranium explorer that sold its Patterson West property to F3 (forming part of the Broach Property). Active in the same district with overlapping drill targets and comparable junior exploration profile.
• Skyharbour Resources: Skyharbour is an Athabasca Basin uranium exploration company with a portfolio of drill-ready projects in the same district. Comparable size, exploration-stage profile, and use of prospect-generation/JV model similar to F3's project-generator approach.
• Purepoint Uranium: Purepoint is a smaller Athabasca Basin uranium explorer with multiple joint ventures with major producers (Cameco, Orano, Rio Tinto). Comparable junior exploration profile and JV-driven business model.

Broad incumbents

• Cameco: Cameco is the world's largest uranium producer, operating Cigar Lake and McArthur River in the eastern Athabasca Basin. As a broad incumbent, Cameco sets uranium price benchmarks, competes for technical talent, and represents a likely strategic acquirer for any advanced F3 asset.

Emerging players

• Standard Uranium: Standard Uranium is a smaller Athabasca Basin uranium exploration company focused on early-stage exploration in the eastern Athabasca. Overlapping commodity focus and exploration methodology, with smaller scale and earlier stage than F3.
• F4 Uranium: F4 Uranium was spun out from F3 in August 2024 as a separate exploration vehicle led by Sam Hartmann (now President/COO of F4). Shares management lineage, district focus, and exploration methodology with F3 but operates as a smaller, earlier-stage sibling company.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Fission3Corp
• YouTubeyoutube.com/channel/UCQtunoqiubOzndlNB5ykzHg
• Facebookfacebook.com/F3UraniumCorp
• LinkedInlinkedin.com/company/fission-3-0-corp-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about F3 Uranium