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 teeveeon Jun 10, 2017 10:46am

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Post# 26348614

RE:RE:RE:RE:Uranium1's cash cost/lb down to $9

Anyone here recall the terms to the deal with the Chinese, and what percentage of production at PLS they can buy at spot, or a discount to spot?

prem124 wrote: I hope people relaise that there are 2 prices of uranium. Spot price is approx 20 dollars/lb but only 10% of uranium clears via spot price. Then there is long term price which was negotiated while ago and varies depending on contract but it is significanly higher than spot. This is the only reason most of mines are not shutdown now. 90 % of uranium trades via long term contracts.

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