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 PamplonaTraderon Jul 07, 2015 6:36pm

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Post# 23900631

RE:RE:RE:RE:RE:RE:6 NDA`s Signed

PamplonaTrader wrote: 1/19/2015
PamplonaTrader wrote: Maybe I've wandered off the reservation, but...

I wouldn't count DML out just yet.

Lundin likes scale and grade. See Lundin Gold's acquisition of Fruta Del Norte... I wouldn't be surprised if some Chinese money was behind the acquisition. The Chinese wanted Fruta Del Norte before Lundin Gold made a play on the deposit.

DML sold 19.9% equity to KEPCO in 2009 and KEPCO is a long-term minded shareholder. You can't say the same about shareholders of CCO, who think in terms of quarterly and fiscal time frames.

If I'm CGN, DML may be the best vehicle through which to gain a foothold in the Basin. CCO and AREVA are obviously competent operators but may come with too much political red-tape and interests may not align with other share/stakeholders. It would make sense for CGN to try and get some representation via stealth purchases of FCU and DML in the open market and approaching KEPCO re a deal to merge the two. The pro-forma company would own some of the best undeveloped assets on both the Eastern and Western side of the Basin, as well as infrastructure assets, that could eventually compete with the likes of CCO and AREVA. Lukas Lundin isn't just an asset aggregator... he's successfully developed mines and could take Triple R to production someway off in the future.

Just speculating out loud...