Fintech
F3 Uranium Hits >65535 CPS in 30m Stepout and Expands JR Zone North and South
Kelowna, British Columbia–(Newsfile Corp. – February 8, 2023) – F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) (“F3” or “the Company“) is pleased to announce results from the first eight drill holes of the 20-hole winter drill program at the JR Zone on the Patterson Lake North (“PLN”) Property. Most significantly, continuity of high grade mineralization has been established along strike towards the south with hole PLN23-048 on line 030S, which hit 14.0m total composite mineralization with 4.0m of >40,000 cps, including 0.5m of “offscale” or >65,535 cps, a 30m stepout from the discovery hole. Out of the eight reported drill holes, seven are mineralized and five have high grade mineralization with radioactivity >10,000 cps.
Mineralization was further defined on section 00N up dip and towards the Athabasca Unconformity of hole PLN22-041 (see news release Feb 6, 2023) with hole PLN23-047.
Raymond Ashley, Vice President Exploration, commented:
“The drill program started by testing the depth extent of the zone, while also testing it along strike from the discovery area on line 00N. The team is becoming familiar with the geology and controls on mineralization on the JR Zone which is currently defined over an area measuring approximately 45m by 50m and have identified strong continuity of high grade mineralization along strike towards the south as the program continues to explore that direction to increase the total mineralized strike length. Additionally, we are continuing to drill test further towards the unconformity, with the objective to test the intersection of the A1 main shear zone at the unconformity.”
Drilling Highlight:
PLN23-048 (line 30S):
- 14.0m total composite mineralization from 246.5m – 260.5m, including
- 4.0m mineralization of >40,000 cps radioactivity from 249.0m – 253.0 m with 0.5m of >65,535 cps from 252.0m – 252.5 m
Main Intercepts:
PLN23-044 (line 015S):
- 6.0m total composite mineralization over a 10.m section from 226.0m – 236.0m, including
- 0.5m mineralization of >10,000 cps radioactivity
PLN23-046 (line 015S):
- 3.5m mineralization from 261.5m – 265.0m, including
- 0.77m mineralization of >10,000 cps radioactivity
PLN23-047 (line 00N):
- 7.5m total composite mineralization over a 10.5m section from 199.0m – 209.5m, including
- 1.1m total composite mineralization of >10,000 cps radioactivity
PLN23-049 (line 015N):
- 7.5m mineralization from 245.0m – 252.5m, including
- 0.2m mineralization of >10,000 cps radioactivity
Mineralization remains open in all directions.
Natural gamma radiation in the drill core that is reported in this news release was measured in counts per second (cps) using a handheld Radiation Solutions RS-125 scintillometer. The Company considers greater than 300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade and greater than 65,535 cps as off-scale. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. All depth measurements reported are down-hole and true thickness are yet to be determined. Samples from the drill core are split in half on site and are standardized at 0.5 m lengths. One half of the split sample will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK. for lithogeochemical analysis using their “Uranium Package”.
All depth measurements reported are down-hole and true thickness are yet to be determined but the Company estimates true thickness of the reported intervals in this news release to be close to reported interval widths.
Table 1. Drill Hole Summary and Handheld Spectrometer Results
| Collar Information | * Hand-held Spectrometer Results On Mineralized Drillcore (>300 cps / >0.5m minimum) |
Athabasca Unconformity Depth (m) |
Total Drillhole Depth (m) |
|||||||||
| Hole ID | Section Line | Easting | Northing | Elevation | Az | Dip | From (m) |
To (m) |
Interval (m) |
Max CPS |
||
| PLN22-042 | 015N | 587734.0 | 6410786.2 | 546.0 | 51.6 | -75.6 | 221.00 | 221.50 | 0.50 | 470 | 180.8 | 362 |
| 221.50 | 222.00 | 0.50 | 1100 | |||||||||
| 222.00 | 222.50 | 0.50 | 720 | |||||||||
| 222.50 | 223.00 | 0.50 | 410 | |||||||||
| PLN22-043 | 00N | 587657.4 | 6410712.2 | 544.8 | 52.3 | -65.3 | 265.00 | 265.50 | 0.50 | 320 | 212.6 | 386 |
| 265.50 | 266.00 | 0.50 | 830 | |||||||||
| 266.00 | 266.50 | 0.50 | 530 | |||||||||
| 266.50 | 267.00 | 0.50 | 1600 | |||||||||
| PLN22-044 | 015S | 587724.9 | 6410743.2 | 545.4 | 53.3 | -53.8 | 226.00 | 226.50 | 0.50 | 400 | 197.0 | 349 |
| 226.50 | 227.00 | 0.50 | 320 | |||||||||
| 227.00 | 227.50 | 0.50 | 520 | |||||||||
| 227.50 | 227.80 | 0.30 | 35200 | |||||||||
| 227.80 | 228.00 | 0.20 | 6300 | |||||||||
| 228.00 | 228.50 | 0.50 | 560 | |||||||||
| 228.50 | 229.00 | 0.50 | 440 | |||||||||
| 229.00 | 229.50 | 0.50 | 420 | |||||||||
| 233.50 | 234.00 | 0.50 | 1400 | |||||||||
| 234.00 | 234.50 | 0.50 | 310 | |||||||||
| 234.50 | 235.00 | 0.50 | 2500 | |||||||||
| 235.00 | 235.50 | 0.50 | 3100 | |||||||||
| 235.50 | 236.00 | 0.50 | 710 | |||||||||
| PLN22-045 | 015N | 587674.4 | 6410742.9 | 545.5 | 53.3 | -53.8 | No Anomalous Radioactivity >300cps | 213.8 | 350 | |||
| PLN22-046 | 015S | 587667.3 | 6410699.3 | 544.8 | 53.7 | -56.9 | 261.50 | 262.00 | 0.50 | 1100 | 208.2 | 376 |
| 262.00 | 262.50 | 0.50 | 5900 | |||||||||
| 262.50 | 263.00 | 0.50 | 5200 | |||||||||
| 263.00 | 263.23 | 0.23 | 8100 | |||||||||
| 263.23 | 263.50 | 0.27 | 42500 | |||||||||
| 263.50 | 264.00 | 0.50 | 44400 | |||||||||
| 264.00 | 264.50 | 0.50 | 8500 | |||||||||
| 264.50 | 265.00 | 0.50 | 1200 | |||||||||
| PLN22-047 | 00N | 587771.8 | 6410794.1 | 545.4 | 51.6 | -75.6 | 199.00 | 199.50 | 0.50 | 580 | 179.0 | 353 |
| 199.50 | 200.00 | 0.50 | 740 | |||||||||
| 200.00 | 200.50 | 0.50 | 620 | |||||||||
| 200.50 | 201.00 | 0.50 | 1900 | |||||||||
| 201.00 | 201.50 | 0.50 | 400 | |||||||||
| 201.50 | 202.00 | 0.50 | 4800 | |||||||||
| 202.00 | 202.50 | 0.50 | 3900 | |||||||||
| 202.50 | 203.00 | 0.50 | 1700 | |||||||||
| 206.00 | 206.40 | 0.40 | 21100 | |||||||||
| 206.40 | 206.50 | 0.10 | 7200 | |||||||||
| 206.50 | 206.90 | 0.40 | 24000 | |||||||||
| 206.90 | 207.00 | 0.10 | 3500 | |||||||||
| 207.00 | 207.50 | 0.50 | 4200 | |||||||||
| 207.50 | 208.00 | 0.50 | 4900 | |||||||||
| 208.00 | 208.30 | 0.30 | 15800 | |||||||||
| 208.30 | 208.50 | 0.20 | 1600 | |||||||||
| 208.50 | 209.00 | 0.50 | 510 | |||||||||
| 209.00 | 209.50 | 0.50 | 420 | |||||||||
| PLN22-048 | 030S | 587695.2 | 6410701.5 | 545.1 | 54.5 | -57.8 | 246.50 | 247.00 | 0.50 | 570 | 209.0 | 356 |
| 247.00 | 247.50 | 0.50 | 1100 | |||||||||
| 247.50 | 248.00 | 0.50 | 1400 | |||||||||
| 248.00 | 248.50 | 0.50 | 530 | |||||||||
| 248.50 | 249.00 | 0.50 | 1200 | |||||||||
| 249.00 | 249.50 | 0.50 | 46600 | |||||||||
| 249.50 | 250.00 | 0.50 | 50100 | |||||||||
| 250.00 | 250.50 | 0.50 | 52400 | |||||||||
| 250.50 | 251.00 | 0.50 | 59200 | |||||||||
| 251.00 | 251.50 | 0.50 | 45600 | |||||||||
| 251.50 | 252.00 | 0.50 | 49400 | |||||||||
| 252.00 | 252.50 | 0.50 | >65535 | |||||||||
| 252.50 | 253.00 | 0.50 | 40100 | |||||||||
| 253.00 | 253.50 | 0.50 | 2300 | |||||||||
| 253.50 | 253.75 | 0.25 | 8700 | |||||||||
| 253.75 | 254.00 | 0.25 | 15300 | |||||||||
| 254.00 | 254.50 | 0.50 | 750 | |||||||||
| 254.50 | 255.00 | 0.50 | 350 | |||||||||
| 255.00 | 255.50 | 0.50 | 850 | |||||||||
| 255.50 | 256.00 | 0.50 | 870 | |||||||||
| 256.00 | 256.50 | 0.50 | 1400 | |||||||||
| 256.50 | 257.00 | 0.50 | 430 | |||||||||
| 257.00 | 257.50 | 0.50 | <300 | |||||||||
| 257.50 | 258.00 | 0.50 | 830 | |||||||||
| 258.00 | 258.50 | 0.50 | 1400 | |||||||||
| 258.50 | 259.00 | 0.50 | 2200 | |||||||||
| 259.00 | 259.50 | 0.50 | 430 | |||||||||
| 259.50 | 260.00 | 0.50 | <300 | |||||||||
| 260.00 | 260.50 | 0.50 | 580 | |||||||||
| PLN22-049 | 015N | 587675.3 | 6410743.4 | 545.4 | 56.3 | -55.5 | 245.00 | 245.50 | 0.50 | 440 | 213.1 | 359 |
| 245.50 | 246.00 | 0.50 | 430 | |||||||||
| 246.00 | 246.50 | 0.50 | 440 | |||||||||
| 246.50 | 247.00 | 0.50 | 5100 | |||||||||
| 247.00 | 247.50 | 0.50 | 5200 | |||||||||
| 247.50 | 247.70 | 0.20 | 11900 | |||||||||
| 247.70 | 248.00 | 0.30 | 6700 | |||||||||
| 248.00 | 248.50 | 0.50 | 5800 | |||||||||
| 248.50 | 249.00 | 0.50 | 6700 | |||||||||
| 249.00 | 249.50 | 0.50 | 1500 | |||||||||
| 249.50 | 250.00 | 0.50 | 1700 | |||||||||
| 250.00 | 250.50 | 0.50 | 940 | |||||||||
| 250.50 | 251.00 | 0.50 | 600 | |||||||||
| 251.00 | 251.50 | 0.50 | 7300 | |||||||||
| 251.50 | 252.00 | 0.50 | 3200 | |||||||||
| 252.00 | 252.50 | 0.50 | 1400 | |||||||||
About Patterson Lake North:
The Company’s large 39,946 hectare 100% owned Patterson Lake North property (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade world class uranium deposits which is poised to become the next major area of development for new uranium operations in northern Saskatchewan. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR Zone uranium discovery is located 23km northwest of Fission Uranium’s Triple R deposit.
Qualified Person:
The technical information in this news release has been prepare in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by Raymond Ashley, P.Geo., Vice President of Exploration of F3 Uranium Corp, a Qualified Person. Mr. Ashley has verified the data disclosed.
About F3 Uranium Corp.:
F3 Uranium is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world’s largest high grade uranium discovery. F3 Uranium currently has 16 projects in the Athabasca Basin. Several of F3’s projects are near large uranium discoveries including Triple R, Arrow and Hurricane.
Forward Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds, entry into of a definitive option agreement respecting the Properties, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email:
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As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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