Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

Fission Uranium Corp. is a Canada-based uranium company and the owner/developer of the high-grade, near-surface Triple R uranium deposit. The Company is the 100% owner of the Patterson Lake South uranium property. Its Patterson Lake South (PLS) project, which hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit that occurs within a 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises over 17 contiguous claims totaling 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin. Additionally, the Company has the West Cluff property comprising three claims totaling approximately 11,148-hectares and the La Rocque property comprising two claims totaling over 959 hectares in the western Athabasca Basin region of northern Saskatchewan. The La Rocque property is prospective for high-grade uranium and is located five km south of Cameco’s La Rocque Uranium Zone.

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Fission Uranium Corp

Bullboard Posts

Comment by tranquills0on May 29, 2012 8:03am

428 Views

Post# 19955124

RE: RE: RE: RE: RE: Pretty simple really

Rio Tinto needs a mill. Extremely difficult to get one up and going due to the need to meet requirements. I suspect Rio to go after Denison to get 20% ownership of the mill. This is the only mill that can handle high grade ore without blending the ore. Therefore, Denison is a great takeover target for Rio Tinto.

Rio Tinto has a JV with Pitchstone in Nambia so a takeover of Fission would give them properties in Nambia and in the Basin. Seems pretty simple.

I doubt Kepco would want to sell out to Rio Tinto so some arrangement would have to be made here.

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