F3 Announces the Appointment of Ross McElroy as CEO
F3 Announces the Appointment of Ross
McElroy as CEO
Kelowna, British Columbia--(Newsfile Corp. - September 24, 2026) - F3 Uranium Corp. (TSXV: FUU)
(OTCQB: FUUFF) ("F3" or "the Company") is pleased to announce the appointment of Mr. Ross
McElroy as CEO and Director effective immediately. Mr. McElroy is a registered professional Geologist
and brings several decades of extensive uranium industry and corporate leadership experience to F3.
He co-founded both F3 and Fission Uranium with Dev Randhawa and served as the CEO of Fission
Uranium through the company's $1.14 billion acquisition by Paladin Energy in December 2024. Mr.
McElroy joined Apollo Silver as President and CEO during its ramp-up phase to active explorer &
developer. Most recently, Ross was appointed President and CEO of Shine Minerals.
Mr. Randhawa will step down as CEO & Chairman of F3 and assume the role of Executive Chairman
effective immediately.
Mr. Dev Randhawa commented:
"Ross and I have been partners in uranium exploration for decades,
and I've seen firsthand the tremendous value his geological expertise and industry leadership bring to
a company. We built Fission Uranium together and ultimately delivered a world-class uranium
discovery that was acquired by Paladin. I'm very pleased to welcome Ross back to F3, where his
experience will be invaluable as we advance PLN and pursue our next major discoveries."
F3 Uranium also announces that it intends to proceed with a consolidation of its issued and outstanding
common shares based on one (1) post-consolidation common share for every ten (10) pre-consolidation
common shares (the "Consolidation"). The Consolidation is being undertaken pursuant to shareholder
approval obtained at the Company's May 14, 2026, annual and special meeting.
The Consolidation remains subject to final acceptance of the TSX Venture Exchange, and the effective
date will be announced once determined.
Following completion of the Consolidation, every ten (10) common shares held by a shareholder
immediately prior to the effective time will be consolidated into one (1) common share.
The Consolidation will not change a shareholder's proportionate ownership interest in the Company,
except to the extent that fractional shares are created and dealt with in accordance with the applicable
terms of the Consolidation.
About F3 Uranium Corp.:
F3 is a uranium exploration company, focusing on the high-grade JR Zone and new Tetra Zone
discovery 13 km to the south in the Patterson West area on its Patterson Lake North (PLN) Project in the
Western Athabasca Basin. F3 currently has three properties in the Athabasca Basin: Patterson Lake
North, Minto, and Broach. The western side of the Athabasca Basin, Saskatchewan, is home to some of
the world's largest high-grade uranium deposits including Paladin's Triple R project and NexGen's Arrow
project.
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 expected timing and
acceptance of the Consolidation, 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 has not reviewed, approved or disapproved the contents of this press
release, and does not accept responsibility for the adequacy or accuracy of this release.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y 9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email:
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/315827