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.

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Fission Uranium Corp

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Comment by sudzie191on Mar 10, 2016 1:31pm

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Post# 24644337

RE:RE:RE:Re Cash Burn

HighROI - the NXE maiden resource is a fantastic development and nice they have lots of drill money to start firming that into as much indicated ASAP. I figured about 150 million lbs, but not surprised with the 200 figure and the fantastic grades for most of that.

Garrett is a brilliant geologist running the program.

Unfortunately we still have the low uranium price to contend with, but my perception, right or wrong is that situation could sudenly change as all those reactors under construction and being planned eventually need fuel, as well as the ones still running.

A new government in Germany that decides to reexamine shutting down their nukes may be the big catalyst to turn things around.

Base load nuclear is pretty amazing to have, as it runs through everything, heat of summer, frigid winter, honking gales, fog, rains, etc, and no polution.

Nucelar power plants are nice places to work as well. One could literally eat off the nice shiny floors at our Bruce nuclear power stations. The working staff are very happy to work in those stations. They are well trained, work is carefully planned to be safe, and the working conditions are very pleasant and inspiring. You hardly ever hear of any negative things from workers in our nuclear power stations, except for the critics who dream up stuff.

So some sort of a consortium to develop the PLS area is now a certainty, probably including the Sea Creek area to the north as well.

We will end up with a very long life new production development centre with all brand new modern state of the art facilities, a whole new townsite, airport, new transmission line into the area, and a very environmentally friendly footprint. NXE footprint for example will be extremely small. FCU open pit will be a challenge but we have the Diavik and all the diamond mine open pits just to the north and lots of expertise to manage all the problems through design and operation with good planning of the whole project.

Our Bruce nuclear site was once just a bunch of bush with an unattractive shoreline for tourist development. Now it is one of the neatest industrial developments in the world. It is clean, tidy, attractive, lawns everythere, even has street names and lights, organized parking areas, shuttle buses on site for workers, a dedicated training centre with simulators of all the reactor systems, etc.