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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 Uberlandiaon Oct 25, 2018 10:45am
86 Views
Post# 28871061

"China's nuclear programme has slowed considerably"

"China's nuclear programme has slowed considerably"In addition to Japan's very slow re-launch of its nuclear plants, Chinese nuclear expansion has also been slower than forecast.  I think these are the real reasons why uranium prices haven't recovered yet. 

SHANGHAI, Oct 24 (Reuters) - A second Westinghouse AP1000 nuclear reactor on China's eastern coast is now ready to go into full commercial operation after a week-long trial run, the project's operator said late on Tuesday.

The State Power Investment Corp (SPIC) said in a notice posted on its website that the first unit of the Haiyang nuclear reactor project in Shandong

province completed a 168-hour full-load test late on Monday evening. The reactor unit began construction in 2009 and was finally connected to the grid in August.

China gave the go-ahead to build four Westinghouse-designed AP1000 reactors in 2007. The first unit at Sanmen in Zhejiang province was originally scheduled to go into full operation in 2014, but the unproven "third- generation" technology has been beset by years of delays as a result of safety concerns and unanticipated design problems.

Unit 1 at Sanmen was finally declared ready to go into full commercial operation last month, making it the world's first AP1000 reactor to be completed. which was acquired by Brookfield Business Partners BBU_u.TOfrom Japan's Toshiba 6502.T in August, hoped China would serve as a shop window for its AP1000 design, which boasts enhanced "passive" safety features as well as higher levels of generation capacity.

Westinghouse filed for bankruptcy last year after its nuclear projects in the United States were also hit by billions of dollars of cost overruns.

China also hoped that AP1000 technology would be at the centre of its own ambitious nuclear power plans after signing a technology transfer agreement in 2006.

But after a root-and-branch industrial safety review in the wake of Japan's Fukushima disaster in 2011, China's nuclear programme has slowed considerably, and it is now unlikely to meet its 2020 capacity targets.


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