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 Sep 21, 2017 5:17pm

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Post# 26728053

RE:RE:RE:RE:RE:Initial Comparison of PEA Operating Costs for PLS vs Arrow

Contractual arrangements do not survive bankruptcy. I am not sure there is any other way for FCU to get out from under the disasterous off take agreement with CGN. I expect a bankruptcy event, wiping out shareholder equity, would most likley occur during mine development due to unforseen issues and costs.

HighROI wrote: FCU has an off-take agreement at a discount to spot!!

A recipe for bankruptcy is producing without fixed price contracts in place. Just look at Paladin.

Greenday - (9/21/2017 4:17:47 PM)
RE:RE:RE:Initial Comparison of PEA Operating Costs for PLS vs ArrowProducers fill their order files and then if they have any production left over they unload it on the spot market. A main reason why FCU is ahead of NXE on the development front is because FCU has an offt-take agreement with CGN. Would be very risky for NXE to build a mine and start producing without having contracts in place for the production. Producing without customers is a recipe for bankruptcy. wrote: