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.

TSX:FCU - Post by User

Fission Uranium Corp

Bullboard Posts

Post by PamplonaTraderon Oct 30, 2015 9:41am

184 Views

Post# 24242600

$11mm in the bank

And they just hired legal counsel and a major IR firm.

With monthly exploration+G&A expense at about $4mm... anyone really believe they will be able to wait until April for financing?

IMHO, they will need to raise right at the peak of tax loss season and will have to negotiate from a position of major weakness.

If you were a banker and Dev asked you for more money... what would be your terms? $0.50? $0.30? Flow throughs or attached warrants?

Bullboard Posts

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