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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 AaronWon Aug 17, 2015 5:11pm
264 Views
Post# 24025776

My thoughts on the Merger

My thoughts on the MergerI am conflicted because I would have preferred competing bids driving up the price like the RoughRider zone. On the other hand, in a merger you don't want to cost your new partner too much in the deal because it would only make the new entity weaker as a whole. I do like the fact Denison has it's foot in the door in the Eastern Athabasca basin where all the big projects are. There are only so many mills and to have a decent stake in the one that will be refining for Cigar Lake. I like the fact Denison owns Waterbury which will be developed/bought by Rio Tinto when they mine Roughrider. All in all, I still go back and forth on the deal but I like both companies so well see where it goes.
Bullboard Posts