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 > New 52 Week Highs on Spot Uranium

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Comment by Dreaminthedreamon Aug 26, 2021 12:11am

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Post# 33766019

RE:RE:New 52 Week Highs on Spot Uranium

Uraniuman308. You made an important observation. Everyone is not realizing that SPROTT does NOT have unlimited resources to prop up the spot price.

With the purchases made so far, it is very easy to conclude that there is a huge amount of uranium out there. People just won't admit it.

So how is it possible for SPROTT to maintain its current rate of squeezing the market? Sooner or later SPROTT will be unable to continue pulling uranium into its inventory. either because they realize there is too much Uranium or because they have run out of money to buy it.

Uranium is plentiful. Money is less plentiful.

Wait and see.

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