Canadian resource Company
Fission Uranium (TSX: FCU, OTCQX: FCUUF, Forum) stated on Wednesday that it had closed its $10 million (USD) senior secured credit facility with
Sprott Resource Lending II LP. Fission agreed to issue more than 20 million common share purchase warrants and intends to use the bulk of the proceeds to fund development of the Patterson Lake South uranium project.
More information on this news can be found
here.
FCU recently stated that it was on track to commence the
Environmental Assessment phase for its’ 31,000 hectare Triple R uranium deposit at the Patterson Lake South property in Canada's Athabasca Basin region.
FULL DISCLOSURE: Fission Uranium is a client of Stockhouse Publishing.