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

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Comment by wannabeinvestoron Dec 21, 2015 10:50am

183 Views

Post# 24400961

RE:This is just the start

This is the best proof yet that uranium as a commodity is not dead, so in that sense very well done by FCU.

Unless contested by another bidder, in my opinion this will put a lid on medium term upside in FCU, though, because they already have a 'strategic' partner. Reminds me of the current situation at IVN. Chinamen came in at a decent premium, but the 'biggest high-grade' unmined copper/ zinc/ PGMs deposit is trading at a cap aroun 1/2 of cash value.

NXE could well be a big winner as a result.

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