Fission Uranium Corp.

Fission is the most awarded uranium explorer in the world. It owns the PLS project in Canada’s Athabasca Basin, home to the world’s richest uranium deposits. PLS is host to the Triple R deposit – the only major, high-grade deposit in the region that is near-surface – together with three additional high-grade, shallow-depth zones. This mineralization is part of a 2.58km mineralized trend that has the largest footprint in the Athabasca Basin and is still open in multiple directions. Exploration is ongoing.

Fission has won the industry’s top awards, including The Northern Miner’s Mining Person/s of the Year, PDAC’s Bill Denis Award and The Mining Journal’s Excellence Award. Most recently, The Mining Journal ranked PLS as the top undeveloped uranium project in the world. Headed up by CEO Dev Randhawa, the company has made two major uranium discoveries in three years. President and Chief Geologist, Ross McElroy, has been instrumental in five of the last ten major discoveries in the basin. In January, 2016, CGN Mining invested $82M (cash) in Fission at a premium, ensuring the company is very well-funded.

Expert Comments:

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/1/18)
"Fission Uranium Corp. released some intriguing assays from the R1515W zone on its Patterson Lake South uranium project. . .hole 571 returned 94.5m of high-grade mineralization, including 5m of 7.14% U3O8 in 18m of 2.44% U3O8 and 3m of 5.98% U3O8 in 10.5m of 1.97% U3O8. These assays have added to the picture of the mineralization developing between lines 1560W and 1500W at PLS."

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/1/18)
"Fission Uranium Corp. announced a 95% increase in the Inferred resource and an 8% increase in the Indicated resource at Triple R, the resource-hosting portion of its Patterson Lake South project. The new estimate included the R1515W, R840W, R00E, R780E and R1620E zones and resulted in a new Indicated resource of 87.8 Mlb U3O8 (2.19 Mt grading 1.82% U3O8) and an Inferred resource of 52.9 Mlb (1.33 Mt 1.80% U3O8)."

David Talbot, Eight Capital (2/20/18)
"We reiterate our Buy recommendation for Fission Uranium Corp. and increase our target to CA$2.10 from CA$1.90/share. . .a positive resource estimate update for 100%-owned Triple R deposit at Patterson Lake in Saskatchewan was released overnight. Resources grew 34% overall to 140.6 Mlb U3O8, including an 8% increase in Indicated resources and near doubling of Inferred resources."

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/18)
"Fission Uranium Corp. has begun a CA$9.4M, 31-hole winter work program on its Patterson Lake South project in the Athabasca basin. The effort is geared toward generating a prefeasibility study for the Triple R deposit; that study is due out by 2018E."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/15/17)
"Drilling continues to expand the resource potential at Fission Uranium Corp.'s Patterson Lake South property, but the company has already established a high-grade, multimillion-pound resource at Triple R. . .Fission is well positioned as a takeout target in the intermediate term."

Rob Chang, Cantor Fitzgerald (10/26/17)
"Our recommendation for Fission Uranium remains a BUY at a target price of $1.30 per share. . .over the course of September and October, Fission Uranium announced summer drilling results from the PLS property. The drilling results included assays from the new R1515W Zone. . .specifically, the highlight drill hole was PLS17-566 which intersected 95m of total composite mineralization. . .moreover, the 128.0m of total composite mineralization from another drill hole, PLS17-564,represents the widest total composite mineralization drilled to date, outside of the Triple R deposit (consisting of zones R00E and R780E)."

More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Gerardo Del Real – Outsider Club
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Maurice Jackson
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
David Talbot, Vice President, Senior Analyst – Eight Capital

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
The most significant near-surface, high-grade deposit in Canada's Athabasca Basin
The world’s most-awarded uranium explorer
Still early days at PLS, with numerous exploration hot spots throughout the large property