Fission Uranium Corp T.FCU

RE:CGN

[stanley]

For those looking to make a distinction between mining production and mining exploration vis a vis Canada's Non-resident Ownership Policy see the following link (if it works for me). It should enlighten those who are confusing the issue. e.g. CGN can own up to 49% of a producing mine; but can own 100% of a exploration property.

FWIW:


Uranium/Mining Production Vs Exploration

Canada’s Non-Resident Ownership Policy (NROP) for uranium projects had, since 1987, restricted foreign ownership of uranium mines to a maximum of 49%. The ownership structures then in place were “grandfathered” from the new policy and were able to continue. The policy provided for exemptions in situations where Canadian partners cannot be found, and applied to uranium production only. Uranium exploration was not subject to NROP, and there were several exploration-level uranium assets in Canada with major foreign ownership which cannot proceed to mining unless the NROP was liberalised. As part of the Canada-EU free trade agreement negotiated in October 2013, the foreign ownership restrictions would be relaxed. Foreign investment in Canada generally remains subject to the Investment Canada Act