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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

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.


TSX:FCU - Post by User

Bullboard Posts
Post by infocountson Sep 25, 2013 7:44am
762 Views
Post# 21765425

Michael Curran on FCU and NexGen

Michael Curran on FCU and NexGenMetals Report interview posted on The Gold Report

Excerpt: 
 
TMR: No pun intended, but uranium has become a hot commodity again. There's an enormous amount of activity in Saskatchewan's Athabasca Basin, isn't there?
 
MC: It's long been the biggest producer of uranium in the world. The focus of attention now is the recent high-grade discovery by the 50-50 joint venture of Fission Uranium Corp. (FCU:TSX.V) and Alpha Minerals Inc. (AMW:TSX.V). Fission just recently announced a friendly merger with Alpha. If you take these companies together, the market's valuing their new discovery at around $360M.
 
The previous big discovery in the Athabasca Basin was Hathor Resources, which was bought out in 2012 by Rio Tinto Plc (RIO:NYSE; RIO:ASX; RIO:LSE; RTPPF:OTCPK) for over $650M. High-grade uranium has certainly been highly rewarded by the market.
 
TMR: Is there a speculative play you like there?
 
MC: A newly listed company called NexGen Energy Ltd. (NXE:TSX.V). We really like its land position, immediately to the east of both Fission-Alpha's Patterson Lake South discovery and the Hathor discovery at Roughrider. So NexGen has got two kicks at the can there. In a single small-cap exploration company, that's as good as you can get.
 
Link to full interview: https://www.theaureport.com/pub/na/look-beyond-gold-for-compelling-risk-reward-ratios-michael-curran
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