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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

Comment by Greendayon Aug 21, 2023 3:20pm
98 Views
Post# 35598442

RE:Rs

RE:Rs@ Rs - A share consolidation has been approved by shareholders but is dependent on whether FCU lists on an American excange.  From the June 20 nr:

"On a vote by ballot, a special resolution was passed to approve a consolidation of the Company's issued and outstanding common shares on a basis of up to 15 pre-consolidation shares being consolidated into one post-consolidation share, with the actual consolidation ratio to be determined by the Company's board of directors (the " Board ") following the Meeting (such ratio not to exceed 15 pre-consolidation shares for 1 post-consolidation share). Completion of the share consolidation will depend on certain factors, including whether the Board chooses to proceed with a listing on a major US Exchange. The Board will have the discretion to proceed or not to proceed with the share consolidation."
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