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 > Oops category

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Post by Dreaminthedreamon Nov 28, 2020 1:48pm

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Post# 31994856

Oops category

Remember Rio Tinto's purchase of Hathor back in 2011. Rio Tinto is still kicking its own butt over that faux pas.

Well CGN is giving signals that its connection to FCU was also a faux pas. CGN failed to mention FCU in its report, suggesting that its $82 million investment was a mistake too. There likely has been some discord between CGN and Dev/Ross over the years.

To be truthful, it looks like any investment in FCU was a mistake, right from day one. Just ask any shareholder who bought in at $1.00+ per share. But not everyone has felt pain. Dev and the management team had handsome salaries from day 1. Plus all those fun conventions and conferences. Can you say "trough"?

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