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.

TSX:FCU - Post by User

Fission Uranium Corp

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Comment by shrinkon Aug 31, 2018 2:37pm

83 Views

Post# 28550227

RE:RE:RE:RE:FCU up .03?

I believe fission shareholders are safe lol. Unfortunately they are on their own.

gizard16 wrote: I sure hope there is NOT a FCU/NXE merger. I think that would be a very poor deal for Fission.

Greenday wrote: @ Wisdomwithage - One might speculate that a FCU / NXE merger is in the works.

A primary season given by FCU shareholders for rejecting the FCU/DML merger was that FCU's PEA was due and that FCU wasn't being adequately compensated. Now FCU and NXE have PFS's scheduled for Q4.

In the FCU / DML proposed merger, ore from PLS was going to be trucked to the east side of the basin because DML has interest in a mill. Now FCU's Aug 15 press release mentions a proposed process plant site.

Then there is Garrett's departure from NXE. Did he see the writing on the wall? Let's face it, he couldn't have worked with the FCU management and staff after old man Ainsworth tried to overthrow FCU which most likely would have meant that many FCU employees would have lost thier jobs.

Now look at the new people appointed to NXE's BOD a couple days back. Reportedly both of them have significant financial and M&A experience. Hmmmm.

Moreover, a FCU / NXE merger would reduce CGN's 19.9% stake in FCU and permits additional funding for both companies. Remember that another reason given for the FCU /DML merger was that CGN was interested in doing a bigger deal. Well here it is.

All speculation. Take it or leave it.