CanAlaska Uranium Ltd. (TSXV:CVV) has entered into a Property Swap Agreement to acquire Nebula Project of F3 Uranium Corp. (TSXV:FUU) on January 16, 2024. As part of transaction, CanAlaska agreed to sell its 100% ownership in the two mineral claims comprising the Patterson West Property to F3 Uranium in consideration for the Nebula Project and a 2.5% net smelter returns (NSR) royalty over the Patterson West Property, subject to a buy-back right permitting F3 Uranium to purchase 40% of the NSR royalty (being a 1% NSR royalty) for $3,000,000.

Under the same agreement, F3 Uranium agreed to sell its 100% ownership in the 37 mineral claims comprising the Nebula Project to CanAlaska in consideration for the Patterson West Property and a 2.5% NSR royalty over the Nebula Project, subject to a buy-back right permitting CanAlaska to purchase 40% of the NSR royalty (being a 1% NSR royalty) for $3,000,000.