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F3 Uranium Corp V.FUU

Alternate Symbol(s):  FUUFF

F3 Uranium Corp. is a uranium exploration company. The Company is advancing its newly discovered high-grade JR Zone and exploring additional mineralized zones on its 100%-owned Patterson Lake North (PLN) Project in the southwest Athabasca Basin. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR Zone discovery is located over 25 kilometers (km) northwest of Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits. The PLN project comprises the PLN, Minto and Broach properties. The PLN property is located near the south-western edge of the Athabasca Basin. The PLN project consists of two mineral claims covering a total of 4,074 hectares. The Minto Property is located directly north of the JR zone discovery and 28km south of the Shea Creek deposit. The Broach property is located five km south of the JR zone and 22km north of Fission Uranium Triple R deposit. The property sits along the estimated Athabasca basin boundary.


TSXV:FUU - Post by User

Post by VbayNo2on Oct 05, 2022 2:08am
371 Views
Post# 35005922

Patterson Lake North

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/


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