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.

TSX:FCU - Post by User

Fission Uranium Corp > SPROTT and spot and $

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Comment by Greendayon Aug 23, 2021 12:01pm

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Post# 33748561

RE:SPROTT and spot and $

@ Dreaminthedream - The artificail imbalance you mentioned is in your head. Sprott is free to speculate in the uranium market just like the carry traders who have an incentive to "ask" down the price of spot uranium to generate margin on a flip.

The price of spot uranium isn't going to trade for less than the cost of production forever. If utilites don't want to buy for less than it costs to produce, Sprott evidently thinks it will be profitable to do so and is buying.

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