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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

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

Post by Greendayon Jan 06, 2022 1:44pm
149 Views
Post# 34289898

Short Term Pain For Long Term Gain

Short Term Pain For Long Term GainKazatomprom's weakness due to the riots creates selling in the uranium ETF's resulting in broad based selling across the sector.  The longer term effect, however, should be positive for uranium stocks in safe jurisdictions firstly because they are inherently less risky to investors but secondly because a lower market cap for Kazatomprom coupled with ETF rebalancing should increase the ETF holdings of the other stocks held in their portfolio.  In other words, Kazatomprom losses part of its pie to safe jurisdiction stocks held in the ETF's because of its smaller market cap due to the riots.



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