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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

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

Bullboard Posts
Post by teeveeon Jun 30, 2017 12:31am
166 Views
Post# 26422782

will FCU miss next long term uranium contracting cycle?

will FCU miss next long term uranium contracting cycle?According to Quakes, FCU is in "cash conservation mode". That indicates FCU has no intention of trying to move toward production in time to participate in the next utility long term contract cycle. These cycles last for 10 years or more, so does FCU have cash to last for another 13 years? Or is the idea to hopefully raise money if an increase in uranium prices facilitates equity financing and at a higher share price?. More and more, FCU is looking like a life style retirement home with lots of international travel and stays in the world's finest hotels and restaurants. Thankfully, FCU shareholders invest for the long term, taking comfort in FCU having the best undeveloped uranium deposit in the world. 
Bullboard Posts