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 > CGN invested $82 million cad in CCU

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Comment by Uraniuman308on Oct 26, 2022 8:17pm

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Post# 35051761

RE:CGN invested $82 million cad in CCU

conveniently leaving out details, again! How long ago was that? That money was to fund the FIRST FS and is long gone! As part of that CGN has a right to purchase up to 35% of future production at a discount to spot - which may be below the cost of production. CGN is not obligated to share in any development costs and has let their share ownership fall below the subscribed amount. Horrible deal and FCU has performed poorly ever since. JMO