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 29, 2017 9:33pm

97 Views

Post# 26422430

RE:RE:Cash on Hand?

Does "cash conservation mode" also mean a cut in travel, promotional costs, and a cut in compensation while the company is mothballed during the wait for higher u prices? Most analysts believe the u market will continue to be oversupplied through at least 2018.

quakes99 wrote: Hi Bayman,

According to President/COO Ross McElroy in an interview 2 weeks ago on June 15th, Fission has around $50 Million cash on hand... enough to cover all exploration and PEA/PFS costs for the next 2-3 years. That comes from an $82M cash influx from China General Nuclear in January 2016. They are in a cash conservation mode at present as we wait for U prices to rise. Once they do then expect Fission to ramp up exploration and plans to maximize the return on exploration spending.

Bayman wrote: Can anyone please tell me how much cash FCU has? I am thinking of making a purchase here, based on what I see as a capitulation recently culminating at the $0.49 low and that I think it is time for U to have a rally. Just wondering if there is going to be a financing soon?