FCU:TSX

Fission Uranium Corp.

Fission Uranium Corp. is a Canada-based uranium exploration company with a major discovery in the Athabasca Basin, home to the world's richest uranium deposits. Headed up by CEO Dev Randhawa, the company's team has made two major uranium discoveries in three years. COO, President and Head Geologist Ross McElroy has been instrumental in five of the last nine major discoveries in the basin. In April 2013, Fission Uranium Corp. was spun out of Fission Energy Corp. as part of a transaction with Denison Mines. Current assets include $17M cash and Patterson Lake South, the Athabasca Basin's new premium uranium discovery.
FCU:TSX

Expert Comments:

David Sadowski, Raymond James (4/18/16)
"Chemical assay results were released from 10 Fission Uranium Corp. holes—2 at the new, on-land R840W zone; 1 at on-land R600W; 2 at R780E; and five on the easternmost R1620E. Results confirmed previously released scintillometer data and included three high-grade holes—8.5m of 2.54% at R840W and 40.0m of 2.64% at R1620E, both of which are outside the current 108 Mlb resource area."

Haywood Securities (4/1/16)
"Fission Uranium Corp. released drill assay results from its PLS property, host to the Triple R deposit, in Canada's Athabasca Basin. . .the latest results are from holes drilled at the R840W and R600W zones. . .also included are infill drill holes from the R780W zone, located within the current Triple R resource. . .the latest results continue to define uranium mineralization beyond the extents of the Triple R resource. . .both the R600W and R840W zones. . .are shallow, land-based targets that could add significantly in terms of tonnage and positive economics to the current resource at Triple R."

David Talbot, Dundee Capital Markets (3/31/16)
"Fission Uranium Corp. released assays for nine holes. . .initial winter assays demonstrate a good start overall, returning grades and thickness largely in-line with the current Triple R resource; we expect that these assays will help add pounds in the updated resource/PEA due later this year. Given that Triple R has seen extensive drilling since January 2015, we wouldn't be surprised if the initial 105.5 Mlb U3O8 resource were to increase by 30–40% in the updated estimate; while size matters somewhat, the real goal is to provide resources that are easier and cheaper to access, sooner in mine life."

David Talbot, Dundee Capital Markets (3/28/16)
"FCU's regional drilling lays groundwork for future upside potential. . .all three new highlights had minor radioactivity and plenty of graphitic structure required for this style of basement hosted U3O8 deposit. Follow up could lead to discoveries down the road, much as similar results led in the Triple R and Arrow deposits. . .Fission's upside potential remains considerable, but we must wait until a summer program before we might see further progression. . .Triple R has seen extensive drilling since announced in January 2015 and could be 30-40% larger than the initial 105.5 Mlb U3O8, largely Indicated resource, suggests."

Heiko Ihle, Rodman & Renshaw (3/22/16)
"On March 21, Fission Uranium announced drill results. . .while all four holes hit mineralization, of note is PLS16-479, which returned 41.0m mineralization, including 4.8m off-scale mineralization. Notably, PLS16-479 was a 45m step-out hole to the west of the R840W zone, resulting in continued growth at Patterson Lake South (PLS) beyond the resource utilized in the current and initial preliminary economic assessment for the site. . .in our view, PLS retains significant exploration potential beyond what is currently defined and continues to prove itself as a world-class uranium asset. . .we are reiterating a Buy rating."

Haywood Securities (3/8/16)
"Fission Uranium Corp. released scintillometre results from extension drilling at its Triple R deposit in Saskatchewan. . .highlights include the strongest mineralization to date on the R1620E zone. . .the latest drilling continues to demonstrate the potential to expand on the current resource estimate at Triple R (81.1 Mlb U3O8 Indicated and 27.2 Mlb U3O8 Inferred). . .with over $80M in the bank, the company is well prepared to continue to test for further expansion potential either side of the Triple R resource along strike, as well as testing other exploration targets within its exploration portfolio."

More Expert Comments

Experts Following This Company

Matt Badiali, Editor – Stansberry Research
Mick Carew, Analyst – Haywood Securities
Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Eric Coffin, Owner – HRA Advisory
Brent Cook, Analyst, Geologist Exploration Insights
Jeb Handwerger, Author Gold Stock Trades
Wayne Hewgill, Analyst – Mackie Research Capital
Nick Hodge, Founder and president of the Outsider Club – Outsider Club
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Marin Katusa, Analyst – Katusa Research
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Gwen Preston, Founder Resource Maven
Nik Rasskazovskiy
Paul Renken, Senior Geologist – VSA Capital
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
David Sadowski, Analyst – Raymond James
Ron Stewart, Analyst – Dundee Capital Markets
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets

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