Little more coverage...
Fission Energy Corp. (FIS:TSX.V; FSSIF:OTCQX) is a stock we rate as a speculative risk Buy with no target price. This company has had incredible success with its Patterson Lake South JV with Alpha Minerals Inc. (AMW:TSX.V), formerly ESO Uranium, (not rated). It has made a new high-grade discovery on the southwest side of the Athabasca Basin, with massive pitchblende that exhibits off-scale radioactivity on several holes. Fission's stock has rallied, rising 70% on this news over the last couple of weeks alone. We await initial assay results for further proof that the companies may be onto something big.
Fission's flagship is the J Zone deposit in its 60%-owned Waterbury Lake JV, on the east side of the Athabasca Basin next door to the Roughrider deposit. This JV is with Korea Electric Power Corp (KEPCO), one of the world's largest nuclear utilities. The J Zone hosts 9 Mlb of uranium, with 7.4 Mlb classified as Indicated grading 2%. The JV has about $6M to spend before it completes its first three-year, $30M commitment. We expect this will be spent on a resource update this fall and an upcoming winter drill program.
source:https://oilprice.com/Finance/investing-and-trading-reports/Expect-a-Uranium-Supply-Shortage-in-2013-An-Interview-with-David-Talbot.html