Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

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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Post by shakerman640on Sep 08, 2015 10:42am

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Post# 24085261

Cameco Corporation comments on possibly acquiring FCU or NXE

According to Cantor Fitzgerald:

https://is.gd/PUGSnk

- In looking at potential acquisitions, such as NexGen Energy’s Arrow Deposit and Fission Uranium’s Triple R deposit, Cameco mentioned that it needs to compete with its current portfolio of brownfield projects such as the lower risk expansion at McArthur River. Moreover, given that there is no mill in the area, Cameco estimated that there needs to be 400-500M lbs to justify the capex for a new one in the area.

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