Fission Uranium Corp.

105 Mio. lbs NI 43-101 resource since January 2015! more than double then market expectations - Fission Uranium Corp. is a Canadian-based uranium exploration company with a major discovery at Patterson Lake South (PLS) at Canada's Athabasca Basin, home to the world's richest source of high-grade uranium. Additional mineral properties are held at the Athabasca Basin and in the emerging uranium district of Macusani in south-eastern Peru. the company announced the merger with Denison Mines in July 2015 and will be the worlds top Uranium development company from then on.

Fission Uranium Corp. was incorporated in February 2013 as a wholly-owned subsidiary of Fission Energy Corp. On April 26, 2013, Fission Uranium completed a plan of arrangement under the Canada Business Corporations Actinvolving Denison Mines Corp. and Fission Energy Corp. pursuant to which Denison Mines acquired all of the issued and outstanding securities of Fission Energy. As a result of the transaction, certain properties and assets of Fission Energy, including the Patterson Lake South, Patterson Lake and Clearwater West properties in Saskatchewan, became properties and assets of Fission Uranium and Fission Uranium is no longer a wholly-owned subsidiary of Fission Energy.

The management team, with Dev Randhawa as CEO & Chairman and Ross McElroy as COO, President & Chief Geologist, is the same team that developed Fission Energy into one of Canada’s leading uranium explorers. Founded by Dev Randhawa in 2007, Fission Energy was named a TSX Venture 50 Company in 2011 and in April 2013 sold the majority of its assets to Denison Mines including its Waterbury Lake property. Fission Uranium Corp. was spun out of the deal with Denison and began trading Apil 29th, 2013.

The company’s PLS property, has received a great deal of attention from analysts, media and the investment community for its recent discovery of shallow and extensive high-grade mineralization.

Company Objectives

Successful completion of the summer drill program 2015 with hopefully ongoing superb results. Next target is a PEA in August 2015 to show the excellent and robust economics of the project and a future production. After the merger with Denison Mines, announced July 2015, the company is stronger than ever and the Management team around Dev Randhawa has once again the risk taken away to be purchased to cheap and also the operational risk as the company now is very cash rich and can easily drill out Triple R.

 

 

Chart

Data & Facts

ISIN:CA33812R1091
WKN:A1T87E
FRA:2FU
TSX:FCU
Outstanding shares: 386.2 Mio.
Options: 33.6 Mio.
Warrants: 1.4 Mio.
Fully diluted: 421.2 Mio.

Management

Head Office: Fission Uranium Corp.
  700 – 1620 Dickson Avenue
  Kelowna, British Columbia
  Canada, V1Y 9V2
   
Management: Dev Randhawa, Chairman, Director & CEO
  Ross McElroy, President & COO, Director
  Frank Estergaard, Director
  William Marsh, Director
  Jeremy Ross, Director

New Videos Fission Uranium Corp.