F3 Uranium Corp.
F3 Uranium's 100%-owned Patterson Lake North project is anchored by the JR Zone, discovered 2022, which received an initial NI 43-101 Indicated Mineral Resource of 11.8 million lbs U3O8 at 4.39% (including a high-grade domain of 10.8Mlb at 12.23%), technical report dated Jan 2026. The company is also expanding the 2025 Tetra Zone discovery on the adjacent Broach property. Cash of CAD $21.91 million and debt of CAD $12.23 million.
Notable vs. Peers
- Trading within 8% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
Saskatchewan: Fraser PPI 2025 is 92.90 of 100 (rank 8 of 68), which maps to 9 on this site's scale. Saskatchewan, Canada — the Athabasca Basin is the world's premier, top-tier uranium mining jurisdiction.
Infrastructure (40%)6.4/10
Confirmed road access at Patterson Lake North Project (JR Zone), Athabasca Basin, Saskatchewan; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:4/10
Primary commodity: Uranium
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chairman, Chief Executive Officer and Director of F3 Uranium Corp.; also Executive Chairman of F4 Uranium Corp. (MBA) Seasoned resources and energy executive who, as former CEO of Fission Uranium Corp., led the technical team behind the high-grade uranium discovery at PLS in 2012 -- a company Paladin Energy later offered $1.1 billion to acquire. Founded Strathmore Minerals Corp. in 1996 and led it until 2008, spun off Fission Energy Corp. in 2007 to focus on Saskatchewan uranium exploration, and sold major assets to Denison Mines in 2013 for $85 million to create Fission Uranium Corp. Executed joint ventures including a $50 million partnership with Sumitomo and $44 million with KEPCO, and negotiated an $82 million investment from CGN Mining in 2016. BBA, Trinity Western College; MBA, University of British Columbia.
President and Director of F3 Uranium Corp.; also Chief Executive Officer & Director of F4 Uranium Corp. (P.Geo) Geoscientist with more than 40 years' experience in the exploration industry. As VP Exploration he was a key member of the technical team behind the discovery and expansion of Fission Energy's J Zone at Waterbury Lake in 2010 and Fission Uranium's Triple R uranium deposit at the PLS Project in 2021, and most recently led the team that discovered the JR Zone at F3 Uranium's PLN Project in November 2022. Experience ranges from early-stage exploration through discovery to feasibility. Registered professional geoscientist in Saskatchewan and Alberta; BSc in Geophysics, McGill University, 1985.
Chief Financial Officer of F3 Uranium Corp.; also a director of AC/DC Battery Metals Inc. (CPA, CA) Provides accounting, management and securities regulatory compliance services to private and public-listed companies, and serves as an officer and/or director of a number of public-listed companies. Holds a Bachelor of Commerce degree from the University of Victoria and is a member of the Chartered Professional Accountants of British Columbia.
Vice President, Exploration of F3 Uranium Corp.; also President & Chief Operating Officer of F4 Uranium Corp. and Chief Operating Officer & Director of Rev Exploration Corp. (P.Geo) Established geologist with more than 15 years' experience with Athabasca uranium deposits, spanning exploration and discovery, resource drilling and definition, and geotechnical work. At Fission Uranium he was on the technical team that made the Triple R discovery in 2012 and took the project from discovery to feasibility over more than a decade, latterly as Chief Geologist. Joined F3 Uranium as VP Exploration in 2023, where he led the acquisition of certain mineral claims and the subsequent discovery of the high-grade Tetra Zone, and acts as the company's Qualified Person. BSc, University of British Columbia; registered Geoscientist in British Columbia, Alberta and Saskatchewan.
Vice President, Corporate Development of F3 Uranium Corp. President of Bannerman Consulting Inc., having spent the last nine years consulting and marketing in the capital markets. Previously spent 31 years with Kraft Canada in sales and marketing, including several executive roles, and before that was a registered representative with Greenshields Canada. Also serves as a Director of Shine Minerals and Genesis AI Corp.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
F3 Uranium's institutional register is led by ALPS Advisors, the administrator behind several rules-based uranium-sector ETFs, rather than a discretionary specialist stock-picker, and we found no producer, major, or confirmed recent insider buying.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
F3 Uranium owns 100% of the Patterson Lake North project in Saskatchewan's Athabasca Basin, anchored by the JR Zone discovered in 2022. The JR Zone's initial indicated resource, announced in December 2025, contains 11,800,000 lb of U3O8 at 4.39%, including a high-grade domain of 10.8 Mlb at 12.23%, with no measured category. The company is also expanding the 2025 Tetra Zone discovery on the adjacent Broach property, where step-out holes reported in August 2026 intersected uranium mineralization, including a 950 m step-out showing strong alteration and structure. Raymond Ashley became President and VP Exploration following Sam Hartmann's departure, effective 1 September 2026, and summer 2026 drilling continued across the Broach and Minto targets.