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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Fission Uranium Corp. is a Canada-based resource company. The Company’s principal business activity is the acquisition and development of exploration and evaluation assets. The Company is a resource issuer specializing in uranium exploration and development in Saskatchewan’s Athabasca Basin in Western Canada. The Company’s primary asset is the Patterson Lake South (PLS) project, which hosts the Triple R deposit, high-grade and near-surface uranium deposit that occurs within 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises approximately 17 contiguous claims totaling approximately 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin, notable for hosting the highest-grade uranium deposits and operating mines in the world. The Company also has the West Cluff property comprising three claims totaling 11,148-hectares in the western Athabasca Basin region of northern Saskatchewan.


TSX:FCU - Post by User

Bullboard Posts
Post by infocountson Feb 28, 2014 8:09am
221 Views
Post# 22262689

No further easement in Canadian foreign investment rules

No further easement in Canadian foreign investment rules
Feb 27 (Reuters) - Canada has no plans to further ease rules for foreign investment in uranium mines after Ottawa moved to give European Union firms more leeway, a senior official said on Thursday.
 
As part of a Canada-European Union free trade deal that was announced in principle last year, Ottawa waived a longstanding requirement that EU buyers take on a Canadian partner in uranium mines.
 
Natural Resources Minister Joe Oliver said Canada did not intend to make the same offer to non-European companies such as Australia's Rio Tinto Ltd, which has uranium deposits in northern Saskatchewan.

Link to full reporthttps://uk.reuters.com/article/2014/02/27/canada-mining-uranium-idUKL1N0LW1PX20140227
Bullboard Posts