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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.


TSX:FCU - Post by User

Fission Uranium Corp
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Comment by Banner60on Oct 28, 2016 3:33pm
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Post# 25399978

RE:RE:RE:RE:RE:RE:RE:U Spot Price versus Long-term price - Denison CEO explains

RE:RE:RE:RE:RE:RE:RE:U Spot Price versus Long-term price - Denison CEO explainsWith current requirements of around 66,000 t/u per year (132m lbs.- WNA est), you would certainly think the utilities will need to do some buying in the not too distant future. Especially with all the new reactors scheduled to come on line. I can't see the U price staying down to0 much longer.


Greenday wrote: @ Banner60 - If I recall correctly, Gravedigger51 posted a stat that showed that were an estimated136M/lbs of commercial uranium being held by utilities in North America 2015.  That had grown marginally over the past 5 years so either the utilities had purchased more uranium on existing contracts or they generated less electricity, or some combination of both.  I'd suggest that that accounts for the current sluggish demand for uranium.


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Dealroom for high-potential pre-IPO opportunities