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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Comment by sudzie191on Sep 23, 2015 11:29pm

136 Views

Post# 24130411

RE:RE:Also this 1.26 ratio

Just for the record, I haven't changed suddenly from anything to anything. Rather have been posting considerations to think about and to see what sensible posters might add. Acusing me of promanagement DML which is untrue just adds nothing, because if there is one thing for certain, I never was pro management of DML!

I told the chat I had given both DML and FCU an earful about 2 weeks ago. Actually I did it with FCU about August 1, and Ross put together his blog perhaps as a result on why the deal in early August.

Around about 1967, I helped evaluate nuclea fuel contracts for the old Ont Hydro, and if I recall correctly, we bought 1000 tons from DML, and 5800 from Rio Algom, about 12 million lbs, to make sure we had uranium lined up for Pickering units coming on line, and Bruce units.

THe DML uranium came from Elliot Lake I think, and DML didn't exactly win too many friends looking after the closure there. DML got a 2nd life later on, but never really built themselves up like Cameco.

THis deal with FCU I guess is the 3rd time to try and re-invent themselves, but with FCU management. Doesn't make any sense, the methodology that was used..

bulava wrote: Agree with this and your other recently-posted concerns. The entire 'deal' is an absolute joke.

Interesting that suddenly @sudzie has changed from the pro-management/pro-DML takeover view (and from siding with Quakes).

Vote AGAINST!

sudzie191 wrote: How that was decided seems rather silly.

Hastily chosen over a few days, rather than arrived at by 2 different experienced consultants studying each others projects, and