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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 May 16, 2023 11:51am
144 Views
Post# 35450444

Washington Post

Washington PostMomentum grows for banning Russian imports of uranium used in nuclear fuel

Legislation to ban Russian uranium imports is gaining momentum on Capitol Hill, as lawmakers look to further punish Moscow for invading Ukraine.

Yet the United States remains heavily reliant on Russia for uranium, the main fuel used by nuclear power plants – yet another conundrum facing lawmakers as they seek to combat climate change while curbing U.S. dependence on foreign adversaries.

Congress took swift action to ban Russian  oil and gas imports a month after the February 2022 invasion of Ukraine. But blocking uranium imports has taken much longer, in part because Russia supplies more than 20 percent of U.S. nuclear fuel.
 

 
The details

Today, the House Energy and Commerce Subcommittee on Energy, Climate and Grid Security will mark up three bills, including the Prohibiting Russian Uranium Imports Act.

  • The legislation would “prohibit the importation into the United States of unirradiated low-enriched uranium that is produced in the Russian Federation.”
  • The measure also would authorize the Energy Department to issue waivers for utilities that would have to shut down nuclear reactors if Russian supplies were immediately cut off. The waivers would allow these utilities to continue importing limited quantities of Russian uranium up until 2028.
  • The bill was introduced by Rep. Cathy McMorris Rodgers (R-Wash.), who chairs the full committee, and Rep. Robert E. Latta (R-Ohio), chair of the Energy and Commerce Subcommittee on Communications and Technology.
  • McMorris Rodgers told The Climate 202 yesterday that she is “hopeful” the bill will eventually pass the House, adding that she is “working to build support” among committee members.

    “We voted to ban [Russian] oil and natural gas last year, and I believe it’s important that we do this,” McMorris Rodgers said. “[Russian President Vladimir] Putin is using energy as a weapon, and we have a lot of infrastructure and supply here. And this is an important signal to investors that America wants to lead in nuclear energy.”
     

 




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