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 > 📰Fission #Uranium $FCU $FCUUF appears to have found a ❓

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Post by mangoeon Sep 07, 2024 12:44pm

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Post# 36213201

📰Fission #Uranium $FCU $FCUUF appears to have found a ❓

John Quakes

@quakes99 -

Fission #Uranium $FCU $FCUUF appears to have found a pathway to obtaining the required 66.7% shareholder approval of Paladin $PDN's takeover offer. BC Supreme Court has granted holders of all 73.7M outstanding Fission options to exercise their options (at a cost of C$64M?) into 73.7M voting shares (about 8.8% of issued shares) that will be allowed to vote on the offer at the shareholder meeting on Monday, September 9th.

Fission shares have been driven down to C$0.74 on expectations that the deal would fail, trading at a -11% discount to the current offer price of C$0.82 based on Paladin's Friday close at A$8.33. $FCU shares could pop on Monday if the deal ends up receiving sufficient votes to pass, as Fission management now expect will happen with the court teed up for a 12 September closing. Interesting turn of events.