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 > Two Spot Market Prices

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Post by Greendayon Mar 10, 2021 12:57pm

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Post# 32763589

Two Spot Market Prices

Yellowcake pays $28.95 for 3.5 M/lbs on the spot market and the spot price reporting agencies report that the spot market price is $27.00 / $28.00.

So why is that?

Are the reporting agencies reporting the uranium churn price between intermediaries rather than the uranium utility "consumption" price or uranium fund "buy and hold" price.

CCO has stated several times that their RFP's go unfilled at the spot price. In other words, they cann't buy uranium at the spot price being reported by the reporting agencies.

But obviously somebody is reporting tranactions to the agencies to set the official spot uranium price. Who is it and why is it a secret?

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