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.

TSX:FCU - Post by User

Fission Uranium Corp

Bullboard Posts

Comment by bridgetonowhereon Feb 25, 2014 10:55am

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Post# 22247593

RE:RE:Price, Volume, and Financing

I'm not convinced that a financing is imminent. My interpretation of Dev's remarks is that the Board rejected an offer to finance because it was inadvisable at FCU's current share price. It's understandable that an investment bank would like to sponsor a deal and receive broker's warrants before FCU's share price heads higher, but FCU is in an enviable position where it can be somewhat selective with it's financial arrangements. FCU has the cash to finance 2014's winter and summer drill programs so there's time before the 2015 winter program requires financing and because of that flexibility it appears that the Board is willing to wait for a better deal. JMO

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