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.

TSX:FCU - Post by User

Fission Uranium Corp

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Comment by LinkLeisureon Feb 26, 2019 4:15pm

113 Views

Post# 29416297

RE:RE:FCU and NXE Being Hammered

Read on Twitter today that Cameco has not bought any U on Spot market in 2019 yet. So, plan is still to buy 10 million pounds in the remaining 10 months.......

They have actually been keeping a cap on Spot. Makes sense as they fulfill long-term contracts with cheapest Spot pounds they can get. So bizarre.

Future contracts seem to be constrained until 232 is resolved - as everyone holds off until the dust settles there.

Would be really nice to see that psychological barrier of $30USD spot price blasted through - might bring some money back into the Junior/Explorer and U sector in general.

Either way the "spring" keeps tightening - such a weird environment.

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