Fundamental Research report - Waterbury Lake uraniInvestment Analysis for Intelligent Investors
SiddharthRajeev, B.Tech, MBA, CFA
AnalystMichelle Wu, B.A.Sc
ResearchAssociate-Mining
August9, 2011
? 2011 Fundamental Research Corp. www.researchfrc.comSiddharth Rajeev, B.Tech, MBA, CFA
PLEASEREAD THE IMPORTANT DISCLOSURES AT THE BACK OF THIS REPORT
FissionEnergy Corp. (TSXV: FIS) – Winter Drilling at Waterbury LakeUranium Project Returned Encouraging Results - FINAL REPORT
InvestmentHighlights
? FissionEnergy Corp. completed the winter drill program at its Waterbury Lakeuranium project in April 2011.
? The bestintercepts from Waterburydrilling include 7.84% U3O8 over 14.5meters, 4.41% U3O8 over 12.0 metersand 4.45% U3O8 over 6meters.
? Thepositive results have demonstrated the presence of a potentially large uraniumsystem that warrants further exploration.
? 5discoveries have been identified within the Discovery Bay Corridor: J East, JZone, PKB, Talisker, and the Hole WAT11-153A discovery to the west of the JZone
? On April19, 2011, the company acquired an additional 10% interest in the Waterbury Lake project by paying $6 million incash.
? FIS wasnamed to the TSX Venture 50 - which is comprised of the top 10 companies listedon the exchange in each of five major industry sectors.
? In January2011, the company completed a $7.5 million financing.
For the Full research report
https://stockgroup.stockgroup.com/baimg/img/FunRes/Aug2011-FIS-Update.pdf