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

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Post by retiredcfon Feb 28, 2024 10:11am

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Post# 35903656

RBC Notes

February 27, 2024

RBC Uranium Watch

Uranium spot price down as buyers pull back, but month-end term price higher

Our view: Uranium spot prices declined to $95/lb as buyers remained on the sidelines for most of the week, with some renewed interest as prices stabilized toward week-end. However, the UxC month- end term price climbed 4% to $75/lb as long-term fundamentals remain constructive and tight supply/ demand continues to place upward pressure on prices. Government support for nuclear continues to build with India committing to build 18 new reactors of 13,800MW capacity on its path to triple nuclear power generation from 8GW to 22GW by 2032, while South Korean President Yoon Suk Yeol pledged ~$2.5B to bolster his commitment to reverse the country's nuclear phase out. Canada also prepares to sell C$4B of green bonds under the new green financing framework that includes nuclear power (Bloomberg). On the supply side, the Mongolian government has delayed approvals for Orano's ~$1.6B Zuuvch-Ovoo project, risking the timeline of first production by 2028 (UxC).