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 Oct 09, 2015 10:33am

140 Views

Post# 24178966

RE:RE:Out of curiosity

In reality, the real issue is not that at all.

THe real issue is, given all the resources on the east side and the massive infrastructure to mine and mill uranium for many many years to come, when will any company look at the busines case to risk buying FCU and building all the required mining development, new mill, infrastructure to develop them. You may wait a very long time, perhaps 10 years or more.

THe sort of encouraging development is that the 24/7 5 drills running on NXE may drastically bump up the total combined in ground uranium to somewhere in the neighbourhood of the 300-400 million lbs that Cameco said would interest them and others.

A better read on that may come by early 2016.

Reddale wrote:
Sudzie,

as I have posted numerous times - the issue is the details of the Arrangement deal.

Read the document and appendicies and also the proxy company statement.

The deal is simple but it is extremely flawed for FCU share holders.

However it is very carefully written so to minimize what could be substantial legal challenge. & security regulator investigation.

It really doesn't matter if you, me or the NO group have mining experience - that is NOT the issue.

The issue is an extremely bad deal has been floated out there for shareholders to vote on.

Red