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.

Expert Comments:

David Talbot, Dundee Capital Markets (2/1/16)
"A potential new high-grade uranium discovery has been made by Fission Uranium Corp. to the west of the R600W zone at Patterson Lake South (PLS) in the Athabasca Basin. This thick intercept was hit by the first wildcat drill hole this year. . .this may or may not be a continuation of the R600W zone or a new zone. Either situation has potential to add pounds. The structure is thick, suggesting that it has seen plenty of uranium-bearing fluids pass through, which may have been deposited nearby, ready to be found."

David Talbot, Dundee Capital Markets (1/27/16)
"Fission Uranium Corp. and CGN have closed the previously announced private placement executed at CA$0.85/share for gross proceeds of CA$82.2M. Fission Uranium is to use proceeds to develop Patterson Lake South (PLS), pay advisor fees and for general and administrative expenses. . .this landmark deal is expected to have positive long-term implications. In addition to providing a major stamp of approval for PLS, it. . .confirms the Chinese are serious. . .ensures that PLS remains unencumbered (the agreement is at the corporate level). . .and removes financing risk completely over the next couple of years."

M Partners (1/27/16)
"Fission Uranium Corp. announced the completion of the strategic investment by CGN Mining, a Chinese company controlled by China General Nuclear Power Corp., for proceeds of CA$82.2M at CA$0.85/share. With this investment, CGN is expected to own approximately 19.99% of total issued and outstanding shares of Fission Uranium."

Brien Lundin, Gold Newsletter (Jefferson Financial) (1/21/16)
"Fission Uranium Corp. plans to leverage CGN Mining's expertise as it moves Triple R along the development curve. The deal ensures that Fission will have the money to do just that and to continue its successful drilling programs on the property."

Rob Chang, Cantor Fitzgerald (1/11/16)
"Fission Uranium Corp. has announced that it has entered into a subscription agreement with CGN Mining. . .today's announcement takes the initial Dec. 21 release another step forward. We reiterate our Buy recommendation and increase our target price to $1.60/share (from $1.55 previously)."

David Talbot, Dundee Capital Markets (1/11/16)
"Fission Uranium Corp. and CGN Mining have finalized the subscription agreement and announced terms for an offtake arrangement for 20% of annual production plus a CGN option to buy another 15%. A $3M deposit has been paid to Fission. . .only Toronto Stock Exchange approval remains, including approval of the two new directors."

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 – Macquarie Capital Markets
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.