The investment will be used to develop F3's Patterson Lake North uranium project in Saskatchewan, where the miner discovered the JR Zone this year. The PLN project is around 4,078ha within the southwestern edge of the Athabasca Basin, assayed at 6.97% U3O8 over 15m. "We are pleased to welcome Denison as a strategic investor in the company," F3 chief executive Dev Randhawa said.
We highly value Denison's perspectives on uranium exploration and look forward to pursuing a productive relationship." "F3's technical team has an incredible track record of exploration success, including the discovery of the JR Zone on the PLN property, which represents one of the top new uranium discoveries globally," Denison chief executive David Cates said. "We are pleased to be investing in F3 and supporting the further assessment of the PLN property.