F3 Uranium Corp. agreed to Spin-Off 14 prospective uranium exploration projects in the Athabasca Basin on January 16, 2024. The properties includes e Murphy Lake, Cree Bay, Hearty Bay, Clearwater West, Wales Lake, Todd, Smart Lake, Lazy Edward Bay, Grey Island, Seahorse Lake, Bird Lake, Beaver River, Bell Lake and Flowerdew Lake properties.

F3 Uranium intends to distribute to its shareholders on the basis of one F4 Share for every 10 common shares of F3 held. Subsequent to the completion of the Arrangement, the Company intends to list the shares of F4 on the TSX Venture Exchange. Completion of the Arrangement will be subject to various approvals, including, but not limited to, court approval, TSXV approval, including conditional approval from the TSXV for the Listing, as well as approval by not less than two-thirds of the votes cast at a special meeting of F3 shareholders, which is anticipated to be held and the Arrangement completed in the second quarter of 2024.