Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

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.

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Fission Uranium Corp

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Post by toriddogon Oct 18, 2015 3:25pm

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Post# 24203021

Re Cameco offer

Cameco will probably wait until they settle the tax bill with CRA before they make any new plans for large purchases. Cameco or any othe producer will not be making any offer for NXE until they have a 43-101 as too risky. If the numbers do not come out as expected would end up like the merger deal.
The NXE deposit is very different than PLS and will never be as profitable as the deposit is very deep and the ore not concentrated. Drill results show narrow high grade bands over hundred of meters of ore and will be expensive to mine.

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