F3 Uranium and F4 Uranium announce completion of agreement

Kelowna, British Columbia–(Newsfile Corp. – August 16, 2024) – F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (“F3“) and F4 Uranium Corp. (“F4“) are pleased to announce that they have finalized the previously announced settlement plan under the Canadian Corporate Corporations Act (the “Regulation“), effective as of 12:01 a.m. (Vancouver time) on August 15, 2024 (the “Effective Date“). F3 has obtained a final order from the Supreme Court of British Columbia, dated August 13, 2024, approving the Arrangement. The Arrangement was previously approved by F3 shareholders at a special meeting on August 8, 2024.

Under the Arrangement, holders of F3 common stock were entitled to receive on the Effective Date, in exchange for each F3 common share held as of the close of business on the day prior to the Effective Date, (i) one new F3 common share; and (ii) one-tenth of an F4 share. All outstanding options, warrants and restricted stock units of F3 were adjusted in accordance with the terms of the Arrangement Plan as set forth in more detail in F3’s Management Information Circular dated June 28, 2024.