Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

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 > Oops category

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Post by Dreaminthedreamon Nov 28, 2020 1:48pm

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Post# 31994856

Oops category

Remember Rio Tinto's purchase of Hathor back in 2011. Rio Tinto is still kicking its own butt over that faux pas.

Well CGN is giving signals that its connection to FCU was also a faux pas. CGN failed to mention FCU in its report, suggesting that its $82 million investment was a mistake too. There likely has been some discord between CGN and Dev/Ross over the years.

To be truthful, it looks like any investment in FCU was a mistake, right from day one. Just ask any shareholder who bought in at $1.00+ per share. But not everyone has felt pain. Dev and the management team had handsome salaries from day 1. Plus all those fun conventions and conferences. Can you say "trough"?

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