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Fission Uranium Corp T.FCU

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

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  • Uraniuman308X
Comment by Uraniuman308on Sep 07, 2024 2:59pm
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Post# 36213295

RE:đź“°Fission #Uranium $FCU $FCUUF appears to have found a âť“

RE:đź“°Fission #Uranium $FCU $FCUUF appears to have found a âť“

Boy, is he out to lunch.  The share price has tanked because shareholders have been fleeced by poor management  with incessant pumping and really don't care anymore at this point.


mangoe wrote:
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.74 on expectations that the deal would fail, trading at a -11% discount to the current offer price of C.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.


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