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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Post by mangoeon Apr 06, 2024 7:29pm

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Post# 35975160

🤠IMHO, Fission $FCU is now positioned to pass its ❓

John Quakes

@quakes99 -

NexGen's Rook I (Arrow) #Uranium mine project is running into delays due to a large number of unresolved issues with its Federal Environmental Assessment (EA) process. Delays in bringing on new supply are bullish for #U3O8 prices and other U #stocks & mildly bearish for $NXE on mine & mill construction delays and potentially higher costs.

DYK that next-door neighbour Fission Uranium $FCU's PLS (Triple R) mine project is exempt from completing a Federal EA review? This time-saving exemption should allow Triple R to receive its construction permit faster & cheaper than Arrow!

Developing the #AthabascaBasin's only large ultra-high-grade #Uranium deposit right near the surface, Fission is likely to begin first production before its peers NexGen $NXE & Denison $DML due to its major time-saving advantages:

Triple R's record-breaking ultra-high-grade ore starts just 50m below surface, so it can be easily accessed through a decline ramp allowing trucks to easily drive heavy equipment in and mined Uranium out of the shallow underground mine instead of having to be slung thru restrictive deep narrow vertical shafts. This will save a lot of time and money in ramping up production to full capacity ASAP.

Mine construction is much simpler than the major mine engineering requirements of its peers, which should allow Fission to complete its Triple R mine construction phase far quicker than its peers.

IMHO, Fission $FCU is now positioned to pass its Athabasca Basin peers in the region's mine development race as it swings into the home stretch, ready to surprise the market who really don't yet realize its many speedy advantages.

As always, do your own research and invest your hard-earned money accordingly.

FYI... here are links to the documents related to NexGen's permitting delays:

Letter to NexGen from Canadian Nuclear Safety Commission that pauses the 24-month clock for processing NexGen's construction permit application: cnsc-ccsn.gc.ca/eng/uranium/mi

Status update on NexGen's Federal Environmental Assessment: iaac-aeic.gc.ca/050/evaluation

Table listing NexGen's unresolved Federal EA issues: ceaa-acee.gc.ca/050/documents/

Permitting and Licensing Fission’s PLS High-Grade Uranium Mining Project: fissionuranium.com/permitting-and