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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
Comment by teeveeon Jan 17, 2020 11:41pm
65 Views
Post# 30568017

RE:Will we see...

RE:Will we see...Consolidation makes no sense for NXE. For example, PLS wouldn't be mined for decades so NPV is close to zero. Merging or taking over FCU would only result in dilution and a lower share price for NXE. Developing both deposits at the same time makes no sense as that would double development costs and require a larger mill. About the only person who would want consolidation would be FCU's chairman so he could cash in on his change of control golden parachute before the treasury is completely depleted. About the only way acquiring PLS makes any sense is if it is purchased from a bankruptcy receiver for pennies on the dollar. NXE needs to focus on a bankable feasibility and permiting and financing mine development of the Arrow deposit. 
Bullboard Posts