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.

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Fission Uranium Corp

Bullboard Posts

Comment by PamplonaTraderon Dec 23, 2015 8:54am

203 Views

Post# 24407379

RE:RE:RE:RE:RE:The SP tells it is a bad deal!

I was generally positive on the strategic investment as well until the terms of the offtake were known. FCU mortgaged its future by entering what is essentially a streaming agreement to sell 20%-35% of future production at a discount to spot.

HighROI wrote: @Sudzie
I am feeling fine. I am all about the truth and the truth is this was the best thing for Dev to do. A low ball financing with warrants put FCU into a death spiral even though this was not the price he had in mind. I still think Triple R is a steaming coil. That has not changed. Maybe with some of the $80 + m a real project can be made of R600w or another land discovery can be made.

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