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 > Days finish

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Comment by touaregon Sep 18, 2021 4:25pm

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Post# 33883582

RE:RE:RE:Days finish

Thanks Greenday..
One thing is for sure, when the big players want in they usually find a way of shaking the tree.
Fortunately it also helps retail investors looking for a dip to buy into.
And although personally I have no doubt that we are witnessing the beginning of an epic U bull it is always good to have further confirmation.
I think those of us who have been aware of Uraniam fundamentals for some time understand that this bull was inevitable regardless of SPUT.
That said it's been awesome to witness the way SPUT has lit a fire under this market.. or should I say a furnace!
Cheers!

Greenday wrote: @ touareg - The spot rally would probably stall if the Kazaks began supplying SPUT with uranium and that's what the Bloomberg headline implied but after the news is unpacked it could be just the opposite.

The Kazaks reported that they believe Yellow Cake will exercise it's entire option to purchase uranium from them on January 1, 2022. The Kazaks also reported that they will purchase spot uranium in 2021.

So first of all, Yellow Cake would not exercise their entire option to purchase uranium from the Kazaks if they believe the price will retreat. And secondly the Kazaks would simply fill that contract from their inventory if they could. Kazatomprom would have no need to go to the spot market in 2021 if they had enough inventory to fill their contracts. Therefore the news of the Kazaks - at least in the short term - supplying SPUT is a red herring imo.

Is the Bloomberg story the market manipulation that UraniumInsider suggests?

Brando Munro in a different podcast says that it will be extremely difficult for Kazatomprom to abandon it's supply disipline before the end of 2023 as it has made commitments with the London Stock Excange not to and a breach of their commitment to them would have far reaching ramifications with other privitizations that the LSE and the Kazakhstan government are engaged in.

My guess is that the Kazaks approached SPUT for some uranium to fill their 2021 contracts in exchange for longer dated uranium and like the CNN fake news back in July about a radiation leak Bloomberg just "forgot" to report that part of it.