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.

TSX:FCU - Post by User

Fission Uranium Corp

Bullboard Posts

Comment by losecashon Dec 21, 2015 4:03pm

135 Views

Post# 24402562

RE:RE:RE:RE:My worry...

Gigantapithic wrote: Yup, pretty much guarantees NXE a mill in the vicinity, more infrustructure, and more exposure.

NXE riding the FCU gravy train again.

Grayhawk50 wrote: I agree with you. This is very much a positive for Fission, the U sector and shareholders.

Nosleep wrote: Positives from this deal....

1. Cash in the bank. 80 million + is a solid amount of money to have while we wait on a better U price over the next couple years.

2. Financing done well above market, again saving us massive dilution to other sources which probably viewed FCU's poor cash position as a way to make sure there was a 6% commission and warrants, and probably done under .60 cents. I actually figured the recent run up was the classic "run it up , unload it into the market and announce a financing at 10-15% less" by whoever was going to be the underwriter on a cheap financing. Had we done a financing at .60 for 20 million + warrants we'd have diluted really badly and at a much lower level, again capping the share price.

3. Investment like this shows this resource is important. Might attract some bigger money, longer term shareholders.

4. I don't believe a 19.9% stake is enough to prevent another offer or takeover at all.

5. Money 3-4 years out will be available once again.

6. Maybe we will own a JV producer at some point. Sell half for the capex we need, build it out, takeover NXE and create a camp. /shrug.

I'm sure there's more to touch on, but shareholders can't be too mad at this deal considering the alternatives, which would have been vulture style financing by financers that would just short the financing.

It will be really interesting to see what happens to neighboring properties now, and whether some consolidation of micro-juniors will now take place, like FDC, MKN etc. NXE has to love this though. It moves the entire area forward a step.

Nosleep