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

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Comment by AaronWon Nov 21, 2014 2:16pm

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Post# 23153025

RE:RE:RE:RE:RE:Cameco likely initial suitor for Fission

Cameco certainly does not "own the basin". They are a the biggest player in the basin for sure though. Global companies have been moving into the basin for years. The largest high grade mine in the world is owned by Cameco (70%) and Areva (30%). That mine alone provides over 10% of the world's uranium demand. The mine is regulated to produce 18.7 million lbs a year.

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