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 BobbiOreon Feb 24, 2014 11:08am

239 Views

Post# 22242630

RE:New Financing

toriddog wrote: Not an unusual comment in my view. They have a very large drilling program and have no income other than share offerings or bank financing. The only other option is to quit drilling and wait for somebody to buy them out.
He stated they have enough cash for a year and will likely do a financing before they run out of cash.
What other options do they have??

They had raised $15 million in F/T according to past news. They have plenty of money. Maybe its time to cut back on the big expenditures which are not flow through.

Bullboard Posts

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