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

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Comment by shrinkon May 01, 2016 3:38pm

117 Views

Post# 24830624

RE:RE:RE:RE:RE:The new Corporate Theme for Fission - "Early Days at PLS"

Help me understand the value of the CGN investment in FCU. From what I see the share price of Fcu was about .69 cents when the announcement was made of CGN partnership, and there was around 380 million shares issued. Now the price is up a couple of pennies but the numbered of issued shares is up about 30%, so really a decline of 30% in shareholder value. I understand the 80 million in cash, but I just don't see any upside value for the current shareholders.

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