Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

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

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Post by InfoZekeron Oct 03, 2021 6:20pm

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Post# 33959218

The Market Ear daily report back on the Uranium story

Uranium - time to reload?

URA was one of the hotter ETFs around in September, but the bull got ahead of itself. In our note from mid Sep, "URA - is the last FOMO long?" we reminded our readers to wait for the "dip":

"The shooting star candle yesterday could be getting a confirmation today. The WSB crowd is all over this theme and all think they are front running Sprott, but as we wrote yesterday:

"The case for an undersupplied market longer term seems easy to make, but some close to the industry are thinking Reddit’s WallStreetBets group may be arriving at the party a bit early.""

Here we are with URA having corrected and has been building a short term base. On Friday we saw it push higher again.

The long term URA case remains intact, but given the latest energy crunch (especially in Europe), we ask ourselves if the uranium bull longer term logic could start playing out quicker than anticipated?

URA filled that gap and is shoeing renewed momentum. Time for Europeans to start chasing uranium as the alternative?