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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 sudzie191on Dec 13, 2015 12:06pm
175 Views
Post# 24380768

Indias nuc program is monstrous

Indias nuc program is monstrousSmogs in New Delhi and Bejing will provide a big push for clean nuclear, so FCU doesn't have to worry too much about finding a customer for its uranium

To illustrate, browse thru this   https://www.transcend.org/tms/2015/01/nuclear-power-in-india-2/

Although they have plans to introduce thorium into the fuel cyle, they still need uranium to breed the thorium for a long time, 30-50 years, well beyond an FCU mine life.

Bruce Power made an agreement about 2 weeks ago to supply power for Ontario to 2064.

https://www.nucnet.org/all-the-news/2015/12/04/bruce-power-signs-agreement-to-push-ahead-with-refurbishment-of-six-reactors

THere are also plans to extend Pickering units operation well beyond 2020.

So coal-fired generation in Ontario is basically non-existent, and remaining units if retained will likely all be converted to natural gas. 
Bullboard Posts