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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 InfoZekeron Jan 19, 2015 7:41pm
388 Views
Post# 23337252

Cameco

CamecoI hate to admit it but a Cameco-Areva partnership is definitely a forerunner in the buyout race. They already are partners in McArthur River, Key Lake, and Cigar Lake mines. Most significantly is the Shea Creek deposit who's major owners are UEX and Areva. The possibility of synergies between Triple R and Shea Creek,  I.e. Sharing a mill etc, are too obvious to ignore. For those who do not know UEX was split from Cameco in years past and they still hold 21.3% of UEX's shares. UEX's CEO is also a ex Cameco man. Cameco has all kids of power within UEX, for example they were successful in reversing UEX's poison pill after it was implemented and have special rights to shares/warrants whenever UEX places a PP. Perhaps they will take on the Chinese as an investor, that would solve any money issues that Cameco and Areva may have. JMHO
GLTA
Bullboard Posts