Bullboard - Stock Discussion Forum 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... see more

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Fission Uranium Corp > Ontario Securities Commission and SAM Redemption Feature

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Post by Greenday on Jan 02, 2024 12:05pm

Ontario Securities Commission and SAM Redemption Feature

The OSC and SAM have agreed that SAM will restrict its purchases of uranium on the spot market to a maximun of 9M/lbs per calander year. Makes one wonder if its an effort by the OSC to keep U.UN and U.U trading close to their NAV or if there is some truth to the speculation that uranium could reach $500/lb before new producton can be brought on line. Is the OSC's concern really about a redemption feature that keeps U.UN and U.U trading within a NAV window, or is it an effort to keep the spot uranium price from going haywire?