Fission Uranium Stock – Toronto Stock Exchange: FCU, OTC: FCUUF

Fission Uranium Corp. (Stock Symbols – Toronto Stock Exchange: FCU, OTCMKTS: FCUUF) engages in the acquisition, exploration, and development of uranium properties in Canada.

Its primary asset is the 100% owned Patterson Lake South property that consists of 17 contiguous mineral claims covering an area of 119 square miles located in Canada’s Athabasca Basin region of Saskatchewan.

Triple R Deposit

The Patterson Lake South (PLS) project hosts the Triple R high grade and near-surface uranium deposit.

Fission Triple R Project Location
Fission Triple R Project Location. Source: Fission Uranium

The company released two pre-feasibility studies (PFS) in 2019 which allows the comparison between two options or mining this deposit – a hybrid approach in which underground mining operations and open pit operations are combined to maximize the obtained uranium within this deposit, and another approach which would only conduct underground mining operations.

Fission Uranium Triple R Deposit
Triple R Deposit. Source: Company

The Triple R deposit contains just over 102 million pounds of uranium in the indicated category, and nearly 33 million pounds in the inferred category.

The undeground mining PFS demonstrates total production of 81 million pounds of uranium with an average of 11.3 million pounds per year of production over the mines life of 7 years.

The life of mine average cash costs for production are noted as $7.18 per pound of uranium produced. The company notes the construction time is estimated to be three years after the determination to proceed. The NPV (net present value) of the project is $702 million CAD, and the IRR (internal rate of return) is 25%.

The company provides the following development milestones on the way to making a final project construction decision:

2021: Complete team expansion and transition, commence environmental assessment, and conduct feasibility study

2022: Complete feasibility study

2023: Complete environmental impact statement

2026: Make construction decision

Fission Uranium Development Capital Costs.
Development Capital Costs. Source: Company

The company is planning a drill program as shown below to further expand their resource base and continue to de-risk the project.

Fission Uranium Drill Program.
Drill Program. Source: Company

China General Nuclear Power Corporation (CGN) is one of two companies authorized by the Chinese government for the import and export of uranium.

The relationship with China General Nuclear Power Corporation provides Fission Uranium Corp with direct exposure to the uranium market.

CGN mining owns nearly 20% of Fission Uranium Corp and the Triple R uranium deposit.

The company was incorporated in 2013 and is headquartered in Kelowna, Canada.

Contact:

Fission Uranium Corp

700 – 1620 Dickson Avenue

Kelowna, British Columbia, Canada V1Y 9Y2

Phone: +1 877-868-8140

Email: [email protected]

www.fissionuranium.com

Fission Uranium Corp Stock Performance (FCUUF Stock Price) and Market Data

Stock Symbols – FCUUF – OTCMKTS, FCU – Toronto Stock Exchange

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While considering this individual company, also take a look at these other uranium stocks to include in your portfolio.

The Fission Uranium group is full of discussions, presentations, and company announcements. If you’re looking to be engaged, this is the place for it!

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