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 > Last September

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Comment by Greendayon Oct 21, 2022 8:55pm

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Post# 35040440

RE:RE:RE:Last September

@ Karen308 - CGN is entitled to buy up to 35% of FCU's yearly output. But there's nothing in the agreement that says FCU is obligated to produce at any price. FCU retains the right to produce as it sees fit. If the future price of uranium dropped below the cost of production, FCU retains the right to produce nothing and CGN would then not be entitled to buy anything from FCU.

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