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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Fission Uranium Corp. is a Canada-based resource company. The Company’s principal business activity is the acquisition and development of exploration and evaluation assets. The Company is a resource issuer specializing in uranium exploration and development in Saskatchewan’s Athabasca Basin in Western Canada. The Company’s primary asset is the Patterson Lake South (PLS) project, which hosts the Triple R deposit, high-grade and near-surface uranium deposit that occurs within 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises approximately 17 contiguous claims totaling approximately 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin, notable for hosting the highest-grade uranium deposits and operating mines in the world. The Company also has the West Cluff property comprising three claims totaling 11,148-hectares in the western Athabasca Basin region of northern Saskatchewan.


TSX:FCU - Post by User

Bullboard Posts
Post by sudzie191on Apr 22, 2016 11:17am
133 Views
Post# 24798958

Rabbit lake

Rabbit lakeCCO's concern with Rabbit Lake is the decommissioning costs, but they can  keep it on care and maintenance for 12 years or so, until thier low cost production from NXE and FCU comes on stream.

That new proeject will be so low cost that then they will be able to afford the decommissioning costs of Rabbit Lake.

So this is sort of a positive development for a CCO/Areva/CGN or other takeover of FCU/NXE/Shea Creek.

Another possibility is that there may be another low cost mine and uranium supply over on the east side to start Rabbit Lake up again, perhaps toll mill a Denison or Hathor ore.
Bullboard Posts

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