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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Comment by CanadianBuckon May 16, 2016 12:53pm

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Post# 24877348

RE:RE:Cash Burn (still) out of Control

mesa1, yes Share Based Compensation is a non cash item, but the point is, it is a direct cost to existing shareholders as dilution of almost $500,000/month!! On top of that Wages and Benefits are $80,000/month, Office and Admin are $64,000/month, and Promotion (essentially) of $215,000/month! I would be very surprised if CGN was happy with these numbers. Out of control spending, no other term for it, and I stand by my comment that management should be replaced.

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