Patterson Lake NorthPLN is one of the most advanced and highest ranked projects in Fission 3.0's (FUU.v);extensive portfolio by virtue of its proximity to the large, high-grade, world-class, uranium deposits being advanced by Fission Uranium Corp.(FCU) and NexGen and having multiple untested and prospective targets for high-grade uranium. As sentiment turns in favour of nuclear energy, Fission Uranium preps for Q4 feasibility
Summer exploration at Fission Uranium’s Patterson Lake South project in Saskatchewan. Credit: Fission Uranium
Fission Uranium (TSX: FCU) discovered the Triple R uranium deposit at its Patterson Lake South (PLS) project in Saskatchewan in 2012 – a year after the Fukushima nuclear plant disaster in Japan decimated the uranium market.
But following a decade in the “wilderness,” uranium stocks are now finally on the upswing, benefitting from growing recognition of nuclear energy’s place in limiting global temperature rises, reducing emissions of greenhouse gases and countries’ looming net zero goals targeted between 2030 and 2050.
This, just as the company prepares to complete a feasibility study for the project by the end of the year.
It will build on a positive 2019 prefeasibility study that outlined a capex of C$1.2 billion for an underground mine with a life of 7.3 years. The operation would produce 11.3 million lb. U3O8 per year at low operating costs of $7.18 per lb.
https://www.mining.com/as-sentiment-turns-in-favour-of-nuclear-energy-fission-uranium-preps-for-q4-feasibility/