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Fission Uranium Corp.

TICKER: FCU:TSX.V

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.


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

Expert Comments:

Mike Bandrowski, Clarus Securities (7/29/14) "Fission Uranium Corp. released results from the initial 14 drill holes of the 2014 summer drill program at its 100%-owned Patterson Lake South property. . .all 14 drill holes returned wide intervals of mineralization with 10 of the 14 holes returning intervals of off-scale radioactivity."

Bhakti Pavani, Euro Pacific Canada (7/29/14) "We maintain our conservative resource estimate of 85 Mlb uranium for Fission Uranium Corp.'s Patterson Lake South project and our Buy rating on the company's shares. The shares are currently trading at a steep discount to our unchanged price target of $2/share."

Rob Chang, Cantor Fitzgerald (7/28/14) "Fission Uranium Corp. has released scintillometer results from the first 14 drill holes of the summer 2014 drill program at the Patterson Lake South property. We note that all 14 holes hit wide uranium mineralization, while 10 of the 14 hit 'off-scale' (>10K counts per minute) radioactivity. . .the encouraging results, expanding mineralization to the north and identifying parallel mineralized metapelitic gneissic units, underpin the growth potential of the R780E zone in every direction."

The Gold Report Interview with Paul Renken (7/28/14) "A darling among uranium investors over the past couple of years is Fission Uranium Corp. It's run by CEO Ross McElroy and Chairman Dev Randhawa, who successfully sold the Waterbury Lake discovery and several other assets to Denison Mines Corp. And then Fission hit very high-grade uranium at the Patterson Lake South deposit. It has really come up trumps with that project. Continuity has been established between the individual ore bodies and Fission continues to add resource size through drilling. The company has not yet declared a resource but the suspicion among analysts is that it's between 50–100 Mlb contained uranium. It's going to be mined; it's a question of by whom and for how much." More >

David Kratochvil, Euro Pacific Canada (7/22/14) "On July 21, Fission Uranium Corp. announced assay results from eight holes drilled at its wholly owned Patterson Lake South property. . .six of eight holes returned substantial high-grade assays."

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Mike Bandrowski, Clarus Securities (7/21/14) "Fission Uranium Corp. released assay results from eight holes drilled in the R780E zone at its 100%-owned Patterson Lake South property. . .all eight holes cut wide intervals of mineralization with seven of the eight holes returning intervals of 2.36% U3O8 or higher."

Rob Chang, Cantor Fitzgerald (7/21/14) "All eight of Fission Uranium Corp.'s additional drill holes intersected uranium mineralization from the eastern half of Patterson Lake South. . .we highlight the fact that drill holes PLS14-199 and PLS14-189 represent the current easternmost defined mineralization of the R780E zone. With multiple mineralized intervals in both holes and the substantial widths and grades encountered, the potential growth of the R780E zone east of line 1080E is strong."

Morning Coffee (7/15/14) "Fission Uranium Corp. announced assay results from six drill holes drilled in the R780E zone and one hole drilled in the R1155E zone at its Patterson Lake South property. . .all six holes from zone R780E returned substantial high-grade assays. . .these results are the strongest from the R1155E zone to date."

David Kratochvil, Euro Pacific Canada (7/15/14) "On July 14, Fission Uranium Corp. announced assay results from seven holes drilled in the R780E and R1155E zones at its wholly owned Patterson Lake South property. . .while all seven holes returned wide intervals of mineralization, hole PLS14-181 (online 555E) returned high-grade mineralization of 23.53% U308 over 4m in an interval of 6.01% U308 over 17.5m. . .these results open up the potential to discover increased amounts and higher grades of mineralization from this area."

Rob Chang, Cantor Fitzgerald (7/14/14) "Fission Uranium Corp. has again released a set of solid assay results that have a positive impact to our resource estimate. . .we currently estimate Patterson Lake South to contain 84 Mlb of U3O8 and using $10/lb (which is below historical takeout metrics of $10.98/lb), the company would be valued at $2.18/share, or 85% above yesterday's closing price."

David Talbot, Dundee Capital Markets (7/14/14) "Fission Uranium Corp. announced assays from six holes at R780E and the first notable assays from R1155E. . .almost all holes could be considered highlights with high grades and relatively thick uranium mineralization. Gaps between known zones continue to shrink. We view this as positive and believe the market should as well. . .we like the high-grade, near-surface deposit—it's open, and the team knows how to find more."

Brien Lundin, Gold Newsletter (Jefferson Financial) (7/11/14) "With one of the best uranium discoveries in recent memory as its flagship project, Fission Uranium Corp. can hardly be accused of letting the grass grow under its feet. . .month after month, the company has released strong scint results and assays from its Patterson Lake South (PLS) project in Saskatchewan’s Athabasca Basin; recent weeks have seen multiple releases announcing high-grade assays from the main zone identified within the project. . .PLS [is] a large, shallow and high-grade uranium deposit that has an excellent chance of becoming a mine. . .Fission is a strong buy at current levels."

Bhakti Pavani, Euro Pacific Canada (7/7/14) "On July 2, Fission Uranium Corp. announced assay results from nine holes drilled in the R780E zone at its wholly owned Patterson Lake South property. . .six of nine holes returned substantial high-grade assays. While all nine holes returned wide intervals of mineralization, hole PLS14-186 (online 765E) returned high-grade mineralization of 23.41% U308 over 7m in an interval of 12.35% U308 over 13.5m."

Morning Coffee (7/3/14) "Impressive results keep rollin' in. Fission Uranium Corp. announced assay results from nine holes drilled in the R780E zone at its Patterson Lake South (PLS) uranium project. . .the highlighted intersection came from PLS14-186 (line 765E), which returned high-grade uranium mineralization such as 23.41% U3O8 over 7m in an interval of 12.35% U3O8 over 13.5m. . .the company announced that a 20,330m 63-hole summer drill program is scheduled to begin during the first week of July at PLS."

David Sadowski, Raymond James (7/2/14) "Fission Uranium Corp. released assay results from nine holes from R780E zone at Patterson Lake South (PLS). Hole 186 cut 13.5m grading 12.4% U3O8, including 7m grading 23.4%, starting at a core depth of 157m. . .the nine holes increase our contained metal estimate to 74 Mlb grading 1.6% U3O8. . .the company aims to commence a CA$12M, 4-rig, 63 hole (20,330m) drill program this week. . .we continue to recommend Fission Uranium with a Strong Buy rating given the world-class nature of the PLS project, its scarcity value and exploration potential."

Nick Hodge, Equities.com (6/30/14) "Fission Uranium Corp. is sitting on a world-class uranium deposit with great economics for development. . .assays were released for another 10 holes, 9 in Zone R780E and 1 in Zone R00E on May 29, 2014. Naturally, all 10 holes intersected wide intervals of uranium mineralization with six of them finding substantially high-grade. The best hole was PLS14-160, which hit 14.74% uranium over 10m inside of a composite 4.44% over 38m. . .there are now assays from 40 holes drilled during the winter program."

Bhakti Pavani, Euro Pacific Canada (6/27/14) "On June 26, Fission Uranium Corp. announced it will begin phase 2 of the 2014 drilling program at its wholly owned Patterson Lake South property. . .the company intends to spend $12M to expand zones and drill new targets. Fission will initiate a 20,330m, 63-hole summer drill program in the first week of July, deploying up to four diamond drill core rigs."

The Mining Report Interview with Brent Cook (6/24/14) "We've made good money on Fission Uranium Corp. and continue to hold it in the newsletter because it is the best uranium discovery in a long, long time. That is partly because of the grade but, more important, the costs of mining this deposit will be substantially less than most other deposits in the Athabasca basin or the world. Its advantage is being near surface, open-pittable and permittable. A lot of the issues faced by companies in the Athabasca are caused by having to go underground. Whoever develops this deposit won't have to face that challenge. The stock has come off quite a bit. It's probably worth accumulating right now. . .It has yet to release a resource, but it had a big drilling program this year. The deposit is wide open in a number of directions along trend. I don't mind paying up for the best because, ultimately, it's these high-quality deposits that will make money. Somebody will buy this deposit." More >

Brent Cook, Exploration Insights (6/22/14) "Fission Uranium Corp. released assays from four holes into the Patterson Lake South (PLS) discovery, with three specifically testing the R780E zone. . .the PLS discovery is shaping up to be a world-class, near-surface uranium deposit. The company will be drilling again over the summer and will probably release its first resource estimate in late 2014 or early 2015."

Morning Coffee (6/17/14) "Fission Uranium Corp. reported results from four additional holes of its completed 2014 winter program (44 holes have been reported from the 92 hole program). . .hole PLS14-164 (eastern part of R780E zone, L810E) returned 91m grading 4.29% U3O8 from a downhole depth of 97m, including 6.5m grading 14.69% U3O8 (from a depth of 134.5m) and 7m grading 21.2% U3O8 (from a depth of 156.5m)."

Bhakti Pavani, Euro Pacific Canada (6/17/14) "Fission Uranium Corp. continues to report solid assay results from the holes drilled during the 2014 winter drilling program. . .the 2014 winter drilling program has successfully merged the former R395E, R585E and R945E zones into the R780E zone. We believe the R780E zone not only has high-grade mineralization but also is one of the most prolific and shallow zones."

Rob Chang, Cantor Fitzgerald (6/16/14) "Fission Uranium Corp. has released another set of solid assay results that have positively impacted our resource estimate for Patterson Lake South. . .three of the four holes encountered wide intercepts of mineralization of which two are of the extreme high-grade variety. Today's assay results continue to provide further clarity as to the continuity of the R780E zone and have continued to add to our estimated resource."

Joe Mazumdar, Canaccord Genuity (6/16/14) "Fission Uranium Corp.'s Patterson Lake South (PLS) is one of the most attractive uranium projects in the hands of a junior since Hathor Exploration Ltd.'s Roughrider project. . .we suggest that the PLS area has the potential to delineate an equivalent critical mass (>50 Mlb U3O8) to justify a standalone plant on the western side of the Athabasca Basin for a potential suitor. The company has recently completed its winter 2014 drill program."

Brent Cook, Exploration Insights (6/1/14) "Fission Uranium Corp. released additional uranium assays from its Patterson Lake South discovery. Results as usual were positive, including 4.44% U3O8 over 38m, 2.96% U3O8 over 48m and 4.68% U3O8 over 19m. These holes are mostly stepout, and therefore will add to the resource. This deposit continues to impress."

David Talbot, Dundee Capital Markets (5/29/14) "Fission Uranium Corp. announced overnight the assay results of nine more holes from the R780E zone and one from R00E at Patterson Lake South. All intersected wide intervals of mineralization, with six very high-grade assays. . .today's results provide a relatively large bump to our mineral inventory."

Mike Bandrowski, Clarus Securities (5/29/14) "Fission Uranium Corp. released assay results from eight holes drilled in the R780E zone and one drilled in the R00E zone at its 100%-owned Patterson Lake South property. . .all nine holes cut wide intervals of mineralization with six of the nine holes returning intervals of 1.49% U3O8 or higher. We maintain our Speculative Buy recommendation and $2.30/share target price."

Joe Mazumdar, Canaccord Genuity (5/29/14) "Fission Uranium Corp. reported assay results from 10 holes (3,537m) of the winter 2014 drill program (92 holes, 34,063m) at the Patterson Lake South uranium project. . .the results have lifted (+1.5 Mlb) our resource estimate to over 51 Mlb. We reiterate our Speculative Buy rating as we anticipate additional assay results (52 of 92 holes) from the drill program that we believe have upside potential on resource estimates."

Rob Chang, Cantor Fitzgerald (5/26/14) "Fission Uranium Corp. has released assay results from 10 drill holes at its 100%-owned Patterson Lake South project. . .all 10 holes intersected wide intervals, and six holes returned substantial high-grade assays. . .today's assay results went a long way in proving continuity of the new R780E zone and added significant size to our estimated resource."

Joe Mazumdar, Canaccord Genuity (5/14/14) "Fission Uranium Corp. reported more assay results from its Winter 2014 program. We reiterate our Speculative Buy as the results led us to revise our overall resource estimate for the Patterson Lake up 1.3 Mlbs to 50 Mlbs U3O8. We await further results from its Winter 2014 drill program with the next significant potential catalyst a maiden resource in late 2014 to early 2015."

Mike Bandrowski, Clarus Securities (5/13/14) "Fission Uranium Corp. has wrapped up an exceptional winter drill program; the company released assay results from eight holes drilled in the R780E zone at its 100%-owned Patterson Lake South (PLS) property in the world-class Athabasca Basin. All eight holes cut wide intervals with six of the eight holes returning intervals of 2% U3O8 or higher. PLS continues to show its world-class potential by generating assay results far exceeding global averages."

The Mining Report with Malcolm Shaw (5/6/14) "Fission Uranium Corp.'s Patterson Lake has turned out to be one of the most exciting uranium discoveries on the planet. The ultimate size of the resource is still unknown, but it has all the hallmarks of a world-class deposit in terms of the holy trinity of scale, grade and depth. One of its holes came back recently with a grade thickness of 992. That's equivalent to almost 100m of 10% U308. It's hard to describe how good that hole is. For its depth, it's probably one of the best mining exploration holes ever drilled for any commodity. The true thickness of that intercept is still unknown and uranium deposits are often irregular in shape, but to be in a system that can produce a hole like that at a depth of only about 60m from surface is very impressive. Ultimately a deposit like that will almost certainly be bought by a larger player. For me the only question is when.

"Again, it does own 100% of Patterson Lake. I expect Fission to take that project through to an NI 43-101 resource estimate so that investors can have a formal idea of what the resource size is, because there are a lot of numbers being tossed around by the market. Ultimately, in terms of buyers, it's a relatively select club of companies that would make an acquisition like that, but any time you have a deposit with this kind of grade at that depth you're talking about a best-in-class deposit, and those tend not to stay in the hands of juniors." More >

PI Financial (5/2/14) "The most significant of Fission Uranium Corp.'s Patterson Lake South drill holes yet to be reported will come from the area between 615E and 750E, which we will keep a close eye on. Based on an estimated enterprise value of $362.5M and approximately 57 Mlb contained U3O8, Fission is being valued at approximately $6.35 /lb of U3O8, which we consider to be on the low side. As Fission has pulled back over the month to $1.21/share, it appears to have been oversold, while nothing fundamentally went wrong with the project or the company. At these prices we consider this an opportunity to accumulate Fission Uranium."

Joe Mazumdar, Canaccord Genuity (4/28/14) "Fission Uranium Corp. reported more positive preliminary results from an additional 12 holes (4,241m) of its winter 2014 program at the Patterson Lake South uranium project along the southwest margin of the Athabasca Basin, which has been successful in not only infilling the pods of mineralization along the PL3B conductor but extending it to >2.2km. . .we view the company as a potential takeover candidate for a large producer as their current market capitalization is >CA$430M."

Brent Cook, Exploration Insights (4/27/14) "Fission Uranium Corp. has discovered a significant, world-class uranium deposit in the Athabasca Basin, Canada—of that there is no doubt. In addition to the high grade, it offers what should be a reasonably simple, open-pit mining scenario involving the partial draining of a shallow lake and unconsolidated sediments that directly overlie the deposit. . .this week, the company released the last scintillometer readings from the winter's 82 hole program, and chemical assay results from a standout hole grading 5.98% U3O8 over 102.5m . .this is the thickest high-grade interval yet, and continues to demonstrate the high quality nature of the Patterson Lake South deposit."

Mick Carew, Haywood Securities (4/25/14) "Fission Uranium Corp. announced scintillometer readings from twelve new holes at its Patterson Lake South (PLS) project in the southwestern Athabasca Basin. Of particular note is hole PLS14-215, which returned 24.05m total composite 'off-scale' (greater than 9999 cps) within a total 119.5m interval of composite mineralization, and hole PLS14-214, which returned 23mtotal composite 'off-scale' within a total 153.5m interval of composite mineralization. . .in addition, a second hole was drilled at the R1620E zone and returned anomalous scintillometer readings suggesting the uranium mineralized system may extend further to the northeast."

Tempest Capital (4/24/14) "Fission Uranium Corp. drilled its second strongest hole to date at the Patterson Lake South project in Saskatchewan. . .the company is currently conducting a $20M exploration program prior to the initial NI 43-101 resource estimate, expected later in 2014. Fission has outlined a number of additional high-priority drill targets based on co-incident geophysical interpretation (IP resistivity) and radon in water testing."

Rob Chang, Cantor Fitzgerald (4/23/14) "We have increased our back-of-the-envelope unconstrained resource estimate for Fission Uranium Corp.'s Patterson Lake South to 99.6 Mlb U3O8 at an average grade of 0.79%, which is an increase of 10% in resource size while our significantly more conservative constrained estimate remains at 67.8 Mlb. The company continues to be one of our top exploration picks in the uranium sector."

Mike Bandrowski, Clarus Securities (4/23/14) "Fission Uranium Corp. released assay results of nine drill holes from the 2014 winter drill program at its 100%-owned Patterson Lake South property. . .assays returned spectacular high-grade intercepts from hole PLS14-187, which cut 102.5m (63m to 165.5m) grading 5.98% U3O8, including 3m grading 27.2% U3O8 and 10.5m grading 12.93% U3O8."

David Talbot, Dundee Capital Markets (4/22/14) "Fission Uranium Corp. announced that it hit the thickest intercept ever at Patterson Lake South (PLS). . .we continue to recommend the company as a Buy. . .assays returned 5.95% U3O8 over 102.5m from hole PLS14-187; this included 27.2% over 3m and 12.93% over 10.5m. . .a second hit of 1.63% over 15m was also reported from further down hole. Today's results are accretive to our mineral inventory estimate rising to 55.9 Mlb and perhaps exceeding 100 Mlb."

Bhakti Pavani, Euro Pacific Canada (4/22/14) "Fission Uranium Corp.'s 2014 winter drilling program has been extremely successful to date as it has not only produced solid drilling results but also high-grade assay results. To date, the company has completed 70 holes out of the 100 planned for its 2014 winter drilling program; we expect Fission to announce drilling results for the remaining holes in the near future."

The Gold Report Interview with Willem Middelkoop (4/21/14) "The discovery by Fission Uranium Corp. in the Athabasca Basin is too important to ignore. We've been big investors from the start of Fission. We were investors in Hathor Exploration, which was taken over two years ago. We were investors in the previous Fission company, which made the discovery along with Hathor. It's one of those world-class discoveries that can create billions in value. It still has a 100% hit rate—and if the deposit keeps growing, I wouldn't be surprised to see more than 100 million pounds of uranium in this discovery." More >

The Energy Report Interview with Michael Berry (4/17/14) "We've had some wonderful discoveries in the Athabasca led by Fission Uranium Corp." More >

Mike Bandrowski, Clarus Securities (4/15/14) "Fission Uranium Corp. released high-grade assay results from 12 drill holes from the 2014 winter drill program at its 100% owned Patterson Lake South (PLS) property. . .all 12 holes returned wide mineralized intervals including nine holes that returned high grade assays. . .drilling has traced PLS mineralization over 2.2km east-west and this world-class deposit remains open in both directions. . .we believe there will be some high grade assay results from holes PLS14-164, PLS14-187 and the newly discovered R1620E zone. We maintain our Speculative Buy recommendation."

The Mining Report Interview with Etienne Moshevich (4/15/14) "In the long term, the outlook for uranium is positive, and the discovery that Fission Uranium Corp. and Alpha Exploration made in the Athabasca Basin is huge. There were only three big winners in 2013 for investors, in terms of penny stocks going to multiple dollars. . .when investors saw that two of the three big winners were in the uranium space, they started moving there. . .people forget that Fission was spun out of Strathmore Minerals. Fission is exploring assets that Strathmore had not. This gives people hope that the majors may have overlooked properties and that a junior could leap to being a developer and vastly expand its market cap." More >

David Talbot, Dundee Capital Markets (4/14/14) "Fission Uranium Corp. announced assay results from 12 holes at Patterson Lake South (R780E Zone) as the first batch of winter drilling assays. . .the assays reflect results from existing gamma logs/scintillometer results, and bottom line, our mineral inventory continues to rise. We suggest buying on weakness; the company is fairly valued only if it doesn't grow any further, and we do expect continued growth of this world-class deposit."

Joe Mazumdar, Canaccord Genuity (4/14/14) "We reiterate our Speculative Buy rating on Fission Uranium Corp as the winter 2014 program has been successful in not only infilling the pods of mineralization along the PL3B conductor, but extending it to greater than 2.2km. We anticipate ongoing preliminary and assay results from the current drill program along with results from the radon-in-water survey (in a few weeks)."

Rob Chang, Cantor Fitzgerald (4/14/14) "We have increased our back-of-the-envelope resource estimate for Fission Uranium Corp.'s Patterson Lake South (PLS) project to 68.4 Mlb U3O8 at an average grade of 1.03%, which is an increase of 32% in resource size but a decrease in average grade from 1.25%. We continue to see visible upside to greater than 100 Mlb at PLS and note that our unconstrained resource estimate for the project now stands at 90.3 Mlb. . .Fission Uranium continues to be one of our top exploration picks in the uranium sector."

Brien Lundin, Gold Newsletter (Jefferson Financial) (4/10/14) "Fission Uranium Corp. has continually broken records for the richest drill hole at Patterson Lake South(PLS), its flagship uranium deposit in the Athabasca Basin. . .quality assays continue to pour in from the company's $12M, 30,000m drill program. . .this bodes well for the company's ability to demonstrate continuity of bonanza-grade, near-surface uranium mineralization along the entire 1.78km strike length. . .the company has parlayed success at PLS into a significant new financing. . .it's hard to think of a bigger success story in the current market than Fission Uranium. . .the stock is still a buy."

David Talbot, Dundee Capital Markets (4/7/14) "Fission Uranium Corp. announced scintillometer results from an additional seven holes at Patterson Lake South. Highlight hole PLS14-201 (L855E) hit 82.5m of mineralization including 16.8m off scale. . .the company is doing what we expected it to do, expanding known mineralization, filling in gaps while connecting zones along strike and expanding laterally, north to south."

Rob Chang, Cantor Fitzgerald (4/7/14) "Fission Uranium Corp. has released the latest scintillometer results from seven holes in its winter drilling program at the Patterson Lake South property. . .all holes returned wide intervals of 'off-scale' (>9999 cps) mineralization, highlighted by 16.8m total composite 'off-scale' in 82.5m of total composite mineralization. . .these latest seven holes extend the winter drilling program's successful hit rate for mineralization."

Rob Chang, Cantor Fitzgerald (4/3/14) "Fission Uranium Corp.'s CA$12M winter drill program is coming to an end in April. . .the summer drilling program will total $8M and continue with the resource delineation. . .currently, only 2% of the total property has been tested; substantial blue sky expansion remains."

Mike Bandrowski, Clarus Securities (4/2/14) "Fission Uranium Corp.'s winter drill program has continued to deliver stellar results at its 100%-owned Patterson Lake property. . .the company recently identified a new zone (R1620E) with a 465m stepout hole, PLS14-196. Given the increase in strike length and near perfect hit rate, we see upside to our 75 Mlb U3O8 estimate and valuation."

Morning Coffee (4/1/14) "Fission Uranium Corp. reported an additional 6 holes (2,171.5m) for a total of 63 holes (out of 100 planned) in 23,096m (out of 30,000m planned) of its 2014 winter drill program where the majority (85%) is planned to test the PL3B conductor from L015E to L1080E with four rigs at its Patterson Lake South (PLS) uranium project. . .a fifth rig is testing exploration holes outside of this focus area."

The Mining Report Interview with Stephan Bogner (4/1/14) "Major uranium companies have been on the rise since late 2013 as well. . .Fission Uranium Corp. is up 60%. . .the company has more than tripled its stock price because of its discovery of an amazing deposit." More >

Mick Carew, Haywood Securities (3/31/14) "Fission Uranium Corp. today announced scintillometer readings from six new drill holes at its Patterson Lake South (PLS) project. . .of particular note is hole PLS14-196, which intersected total composite scintillometer readings of 30.5m from a downhole depth of 99m and is still in progress. The hole identified an additional 'radioactive' zone approximately 465m to the east of zone R1155E and effectively extends the total strike length of PLS from 1.78 km to 2.24 km."

Joe Mazumdar, Canaccord Genuity (3/31/14) "Fission Uranium Corp. reported an additional six holes. . .at its Patterson Lake South uranium project. . .we reiterate our Speculative Buy rating as its winter drill program has extended the strike length of the PL3B to >2.2 km. We anticipate ongoing preliminary and assay results from the current drill program along with results from the radon-in-water survey (few weeks)."

The Energy Report Interview with David Sadowski (3/27/14) "Our top picks at the moment in the space include Fission Uranium Corp; Fission has been a top pick in the space for some time. We have a $2/share target and a Strong Buy rating. We view Patterson Lake South as the world's last known, high-grade, open-pittable uranium asset. It has immense scarcity value. There are not very many projects in the world that can yield a drill intersection of 117 meters (117m) grading 8.5% uranium, as hole 129 did in February. There is only one project in the world where you would find an interval like that starting at 56m below surface, and that's Fission's Patterson Lake South. It's in the best jurisdiction, has a management team that has executed very well and has huge growth potential. We think that property probably hosts over 150 Mlb uranium. We would be very surprised if the company was not taken out at some point in the next two years." More >

David Kratochvil, Euro Pacific Canada (3/24/14) "On March 24, 2014, Fission Uranium Corp. announced results from nine new holes at its wholly owned Patterson Lake South property. . .all nine holes encountered wide mineralization, with seven intersecting substantial off-scale (>9999 cps) radioactivity. . .we reiterate our Buy recommendation on the company's shares, which are currently trading at a 25.5% discount to our unchanged price target of $2/share."

Mick Carew, Haywood Securities (3/24/14) "Fission Uranium Corp. today announced that drilling from its current winter program successfully intersected the 'best off-scale' hole to date at Patterson Lake South (PLS). . .hole PLS14-187 intersected 146m total composite mineralization from a downhole depth of 58.5–231.5m. . .uranium mineralization at PLS remains open along strike to the east and west."

Joe Mazumdar, Canaccord Genuity (3/24/14) "Fission Uranium Corp. reported more preliminary results from an additional nine holes, with one hole still in progress (PLS14-187) from its winter 2014 drill program at Patterson Lake South (PLS). . .Fission reported its new best preliminary result to date on the project (53.47m of "off scale"). . .for basement controlled U3O8 mineralization, such as the case for PLS, these potentially high grade intersections anchor the pods of mineralization and can translate to significant resource additions. . .we believe the company is close to attaining a critical volume (50–60 Mlb U3O8) to support a standalone processing facility."

The Gold Report Interview with Brien Lundin (3/24/14) "Even in the worst correction the junior resource industry has seen for many years, there were plays like Fission Uranium Corp., which is spectacular with its Patterson Lake South discovery. That's going to go down as one of the greatest mineral discoveries in modern times, regardless of the metal or mineral involved. It's still growing. It has a 100% drill success ratio record. Plays like that continue to pop up." More >

Joe Mazumdar, Canaccord Genuity (3/17/14) "Fission Uranium Corp. reported preliminary results from an additional eight holes (2,618m, average depth 327m, average depth to basement 57m) from its winter 2014 drill program at Patterson Lake South (PLS). . .highlights from the drilling include 15.25m of total composite off scale (>9,999 cps) from PLS14-171 (R780E, L690E, eoh 323 m), which was drilled along the western margin of the R780E, 75 m from the eastern edge of the R390E zone (L615E). The majority of the highly anomalous U3O8 mineralization is associated with the contact between quartizitic and pelitic gneiss units, according to the geological log. . .PLS is one of the most attractive uranium projects in the hands of a junior."

Heiko Ihle, Euro Pacific Canada (3/10/14) "We maintain our resource estimate of 85 Mlb uranium for Fission Uranium Corp.'s Patterson Lake South (PLS) project; we note the continued promising results from drilling at the site as seen in PLS14-164 in addition to further narrowing of gaps between different zones. Given recent successful drilling between the zones, we feel that our 85 Mlb estimate for PLS is becoming increasingly more conservative."

Mick Carew, Haywood Securities (3/10/14) "Fission Uranium Corp. today announced additional composite scintillometer readings from four drill holes from its Patterson Lake South (PLS) property. . .importantly, these results continue to indicate that significant radioactive zones are present in areas containing relatively low uranium anomalism from water and radon soil surveys, providing support to the suggestion that uranium mineralization at PLS could represent one continuous mineralized zone of variable grade."

Mike Bandrowski, Clarus Securities (3/10/14) "Fission Uranium Corp. released results of four additional drill holes from the winter drill program at its 100%-owned Patterson Lake South property. . .all four holes returned intervals of mineralization, keeping the hit rate for the winter program at 100%."

David Sadowski, Raymond James (3/10/14) "This morning, Fission Uranium Corp. released preliminary scintillometer results from four holes drilled at 100%-owned Patterson Lake South (PLS). . .we urge investors to continue to build positions in the company. The results further corroborate the strength and potential scope of the mineralizing system at PLS, underlining significant exploration upside that is not being reflected at current share price levels."

David Talbot, Dundee Capital Markets (3/10/14) "We continue to recommend Fission Uranium Corp. as a Buy. . .we have long suggested that Patterson Lake South hosted potential for 80–100 Mlb, and with the latest scintillometer results from what appears to be another spectacular drill hole, our confidence that this range could ultimately be surpassed continues to increase. . .assuming a takeout price of $800M based on 80M lbs at $10/lb is reasonable, then the stock has another 53% lift to these levels."

Joe Mazumdar, Canaccord Genuity (3/10/14) "Fission Uranium Corp.'s R545E zone at Patterson Lake South continues to show promise. . .the highlight is the 16.18m of 'off scale' mineralization intersected within an interval of 85.5m of composite mineralization in a 191.5m section beginning at the bedrock contact (55m downhole). . .we currently have a resource estimate of 8 Mlb at the R585E zone and the drilling success encourages us that it could grow further."

Brent Cook, Exploration Insights (3/9/14) "Fission Uranium Corp. continues to hit mineralization in stepout drilling at the Patterson Lake South discovery. . .this week the company announced additional scintillometer readings that begin to demonstrate continuity between the R780E and R945E zones. With continued drilling, it is possible that many of the currently defined zones (pods) may merge into a significant trend of uranium mineralization."

Tickerscores (3/8/14) "Fission Uranium Corp. has the most exciting uranium discovery in the last couple years and is a legitimate takeover candidate. . .keep the company on your watch list as the uranium sector begins to heat up in H2/14."

Rob Chang, Cantor Fitzgerald (3/7/14) "Fission Uranium has released the latest four scintillometer results from its winter drilling program at Patterson Lake South (PLS). . .of particular note was hole PLS14-160, which intersected 16.18m of total composite 'off-scale' in 85.5m of total composite mineralization. Moreover, this hole has narrowed the gap between zones R390E and R585E to 60m, which is another step towards confirming the theory that PLS may indeed be one large zone instead of several discrete ones."

David Sadowski, Raymond James (3/7/14) "Fission Uranium Corp. released preliminary scintillometer results from 20 holes at its 100%-owned Patterson Lake South (PLS) in northern Saskatchewan. . .we urge investors to continue to build positions in the company. The results further corroborate the strength and potential scope of the mineralizing system at PLS. . .given the project's exceptional scarcity value and world-class grades at open-pittable depths, we view takeout potential as high."

The Energy Report Interview with Derek Hamill (3/6/14) "Most of the past exploration and all the production in the Basin comes from the eastern side of the Basin. Fission Uranium Corp.'s PLS has brought renewed optimism for exploration in the southwestern areas of the Basin that surround the discovery. Additionally, PLS is close to the surface, meaning open-pit mining of fairly high-grade uranium is an option." More >

David Talbot, Dundee Capital Markets (3/5/14) "We continue to recommend Fission Uranium Corp. as a Buy; 20 holes of scint results were announced and all hit. . .1) all drilling efforts are currently being met with success (thick uranium mineralization); 2) zone width is increasing significantly around R780E, showing this isn't a narrow structure; and 3) gaps between known zones are disappearing, with mineralization now connecting the zones at PLS. . .drilling is starting to merge these zones together. . .our estimates already suggest PLS has a mineral inventory of 48 MMlb U3O8."

Mike Bandrowski, Clarus Securities (3/5/14) "Fission Uranium Corp. released scintillometer results of 20 drill holes from the winter drill program at its 100%-owned Patterson Lake property. . .all 20 holes returned intervals of mineralization, including 13 that returned off-scale readings greater than 9,999 counts per second. Simply put, the company had a 100% hit rate on these 20 holes, which is an amazing feat given the difficulty [of] drilling the target with 50–100m of overburden."

David Sadowski, Raymond James (2/26/14) "Fission Uranium Corp. is the 100% owner of the Patterson Lake South project (PLS) in the Athabasca Basin of northern Saskatchewan. The company has a strong management team and cash position, low geopolitical risk and high takeout potential. PLS is the most exciting exploration project globally, in our view, with significant resource potential, [and boasts] high-grade mineralization at shallow depths. We believe open-pit mining could be employed. The Athabasca Basin is the premier uranium jurisdiction globally; we see takeout potential as high. The mineralized drilling hit rate is exceptional; radon and geophysics work well at targeting new zones."

David Talbot, Dundee Capital Markets (2/25/14) "Fission Uranium Corp. has 100% ownership of the exciting Patterson Lake South discovery in the Athabasca Basin and has discovered at least six high-grade, shallow uranium zones. . .it has 100+ Mlb potential. . .it is one of our top picks."

Mike Bandrowski, Clarus Securities (2/24/14) "Fission Uranium Corp. presents an opportunity to gain exposure to high grade, near surface uranium in the Athabasca Basin, the highest grade uranium jurisdiction in the world. . .we are initiating coverage with a Speculative Buy rating. . .PLS is the most exciting, near-surface, basement hosted uranium deposit being delineated in the Athabasca Basin. The high grade and open pit potential present an opportunity to generate robust economics, positioning FCU as the premier uranium exploration story."

The Energy Report Interview with David Talbot (2/20/14) "We believe Fission Uranium Corp.'s Patterson Lake South discovery is very significant, probably the largest since Hathor's Roughrider discovery. . .it's shallow, high grade, thick; it has all the hallmarks of a great project. Not only that, but it's also located in the Athabasca Basin, which hosts a supportive government, excellent infrastructure, capacity at existing mills and a solid permitting framework. At Patterson Lake South right now, all six zones lie at or near the surface, and they are only drill limited at this point; they're not cut off. We anticipate that several of these zones will probably tie together, creating a much larger, single deposit. It's still in the early stages of delineation. Aggressive drilling is underway in preparation for an initial resource. We speculate we might see that early next year. Right now, we estimate about 43 Mlb grading 2% uranium. The grade goes up significantly if we use a higher cutoff grade, but the pounds in the ground aren't impacted that much. So right now, it's looking like a great, high-grade uranium deposit.

"We've always felt that Fission is a potential takeover target. Given its grades and shallow depth, Patterson Lake South has potential to become an economic deposit, capable of supporting not only construction of a mill. But, also, perhaps even more attractive is that this near-surface deposit may require relatively smaller upfront capital and could provide feed to an existing mill and be run at irregular intervals, essentially delivering high-value material over great distances when it's necessary. So we believe that Patterson Lake South and Fission, for that matter, make sense as a target for anybody that wants to set up shop in what is the underexplored western side of the Athabasca Basin." More >

Joe Mazumdar, Canaccord Genuity (2/19/14) "Fission Uranium Corp. reported assay results for PLS14-129 from its 2014 winter drill program at the Patterson Lake South uranium project. Based on these results from the R585E zone, which are the most impressive (38m grading 13.7% U3O8 and 31.5m grading 11.19% U3O8) to date from the project, we have added an additional 8 Mlb to our U3O8 resource estimate, which is now 43 Mlb."

David Sadowski, Raymond James (2/19/14) "This morning, Fission Uranium Corp. released strong assay results from hole 129 at Patterson Lake South (PLS). . .we urge investors to continue to build positions in the company. Today's results further corroborate the strength and potential scope of the mineralizing system at PLS, underlining significant exploration upside, appropriate exploration techniques, attractive valuation and takeout potential."

David Sadowski, Raymond James (2/17/14) "We continue to recommend bolstering positions in Fission Uranium Corp. Assays and preliminary winter results further corroborate the strength and potential scope of the mineralizing system at Patterson Lake South, underlining significant exploration upside, appropriate exploration techniques, attractive valuation and takeout potential."

Western Investor, Seeking Alpha (2/12/14) "I believe that due to the unique nature of the Patterson Lake South project, Fission Uranium Corp. will eventually be bought out, more likely sooner than later. The share price continues to lag the impressive results while at the same time assigns no value to exploration potential, creating a favorable risk-reward scenario; a shallow, high-grade deposit in one of the most mining-friendly areas in the world with access to infrastructure already at its doorstep certainly deserves a premium valuation."

Joe Mazumdar, Canaccord Genuity (2/11/14) "Fission Uranium Corp. reported an additional 2,672m of drilling in seven holes from its winter 2014 program at its Patterson Lake South project. . .the intersections have extended the known mineralization in the zones tested."

Wayne Hewgill, Tempest Capital (2/10/14) "Fission Uranium Corp. announced the final results from the summer drilling program on the Patterson Lake South project, located in the southwest Athabasca Basin in Saskatchewan. The drilling continues to expand the lateral extent of the steeply dipping, basement-hosted mineralization. Drill hole PLS13-109, from the R780E zone, intersected 8m grading 4.22% U3O8, starting at a depth of 108m, including a higher-grade zone of 3m of 11.1% U3O8; the steeply dipping R780E zone now has a strike length of 75m with an estimated width of 60m."

Heiko Ihle, Euro Pacific Canada (2/6/14) "On Feb. 5, 2014, Fission Uranium Corp. announced assay results from the final 20 holes of the summer 2013 drill program. . .given continued positive results from the site, we maintain our conservative estimate of 85 Mlb uranium for the Patterson Lake South project. . .we maintain our Buy recommendation on the company's shares."

Rob Chang, Cantor Fitzgerald (2/5/14) "Fission Uranium Corp. has announced assay results for the final 20 drill holes from its summer 2013 drill program; the Patterson Lake South project is now a victim of its own success in that high-grade holes are expected. Today's assay results are mostly in line with these expectations. We reiterate our Buy (Speculative) recommendation and note that the company continues to be one of our top picks in the uranium space."

The Gold Report Interview with Brent Cook (2/5/14) "Fission Uranium Corp. passes my screening tests. I held back when the first drill hole showed that the company had hit uranium mineralization in the Athabasca Basin because I was concerned that most of it could have been eroded. Subsequent drilling down trend showed a lot of mineralization left in the ground, so we bought in. It has performed extremely well. Fission is onto a major discovery. All subsequent drilling confirms that this thing is getting bigger and it has the grade and mining characteristics to make money. Fission has 90 drill holes planned this winter, so there's certainly a chance for even more discoveries this year." More >

The Mining Report Interview with Joe Mazumdar (2/4/14) "We cover Fission Uranium Corp., which we believe has an outstanding project along the southwest margin of the Athabasca Basin. Drilling over the past year or so has returned phenomenal results that indicate a shallow average depth of the U3O8 mineralization. We currently estimate a resource of 34–35 Mlb grading 3.6% U3O8. It may be fully valued at 34–35 Mlb U3O8, but the attainable goal is to declare a resource greater than 50 Mlb.

"Fission just released its first round of preliminary results from its 30,000 meter 2014 drill program, which were excellent. The news flow will keep going until March or April 2014, when the winter program ends, but we should still be seeing assays for another two months following that. Some of Fission's zones of U3O8 mineralization are technically amenable to open-pit mining at a pretty decent grade—well over 1%. Saskatchewan is a very good geopolitical jurisdiction. Fission will, in our opinion, require further derisking in the form of a maiden resource estimate leading to a scoping study to attract any significant M&A bids." More >

David Talbot, Dundee Capital Markets (2/3/14) "We continue to recommend Fission Uranium Corp. as a Buy with no target. With its first hole of the 90-hole, $12M winter program, the company hit its largest off-scale mineralized intercept to date at Patterson Lake South (PLS). . .we believe the stock trades at a conservative $8.10/lb U3O8, considering precedent Athabasca Basin deals completed at ~$10/lb. . .Fission's 100%-owned PLS discovery has quickly become one of the most exciting stories in the uranium sector."

Brent Cook, Exploration Insights (2/2/14) "Fission Uranium Corp. announced a significant uranium intersection on line 600E at Patterson Lake South (PLS) that included 36m of off-scale radioactivity. . .the discovery and continued positive results have not gone unrecognized, as the company is currently being valued at ~CA$380M. . .the successful hit rate for the PLS project is quite remarkable, reflecting the strength and probable size of the ultimate deposit; discoveries of this caliber are few and far between."

Rob Chang, Cantor Fitzgerald (1/27/14) "Fission Uranium Corp. has announced scintillometer results for the first five holes drilled in the winter 2013 program. . .these results include the best scintillometer results yet at Patterson Lake South (PLS) and shows that the deposit continues to have plenty of upside. Moreover, all five drill holes encountered off-scale results and have narrowed the gaps between zones R390E and R945E, thereby taking another step towards proving that PLS may be in fact one large zone rather than several discrete ones."

David Talbot, Dundee Capital Markets (1/27/14) "Potentially the best hole ever at Fission Uranium Corp.'s PLS kicks off winter drilling. . .with its first hole of the winter program, Fission hits its largest off-scale mineralized intercept to date at PLS in hole PLS14-129, even surpassing hole-75 which ultimately returned 21.76% U3O8 over 21.5m. . .we believe the stock trades at a conservative $7.80/lb U3O8 considering precedent Athabasca Basin deals completed at ~$10/lb. . .all five holes intersected off-scale radioactivity and have further narrowed the gaps between zones R390E to R945E. . .overall a great start to 2014 winter drilling, and supports our thesis that PLS is essentially one long continuous zone."

Mick Carew, Haywood Securities (1/27/14) "Fission Uranium Corp. today announced scintillometer readings from five drill holes at its Patterson Lake South (PLS) property in Saskatchewan. Of particular note is hole PLS14-129, which returned a composited radioactive interval of 111.5m, comprised of nine variably radioactive mineralized intervals ranging in width from 0.5m to 38m. . .this hole represents the widest intersection of composited, off-scale scintillometer results so far encountered at the PLS property."

Joe Mazumdar, Canaccord Genuity (1/27/14) "Fission Uranium Corp. reported preliminary results from the first holes of its 2014 winter program (CA$12M, 90 holes, 30,000m), which included 36.72m of total composite off-scale from the R585E zone. . .this preliminary result from PLS14-129 is far more (70% higher) than the previous highest composite off-scale returned at the project from the R390E zone. . .note that L330E, which hosts the PLS13-075 intersection, contains, according to our estimates, just more than 4 Mlb of U3O8. . .this confirms that high-grade intersections have the potential to add significant volume to zones such as R390E and R585E."

Heiko Ihle, Euro Pacific Canada (1/22/14) "Given past exploration successes at the R00E, R390E and R780E zones at Fission Uranium Corp.'s Patterson Lake South (PLS), we hope to see good assays for the current drilling program as well. . .the management team has a terrific track record including the discovery and sale of Waterbury to Denison Mines Corp. and we believe PLS will be an additional success story. . .we remain bullish on the PLS project and continue to recommend purchase of the shares."

The Mining Report Interview with Amanda Van Dyke (1/21/14) "If you have to have one uranium company in your basket, I'd go for Fission Uranium Corp. It's a no-brainer. Its new project, Patterson Lake in Saskatchewan, has the most exceptional grades I've ever seen, and it's close to surface. It has a management team that has shown that it's very effective in doing deals that are accretive to shareholders." More >

Morning Coffee (1/17/14) "Fission Uranium Corp. released positive drill assay results from the R390E and R780E zones at the Patterson Lake South uranium project. . .we have revised our overall resource estimate upwards by +5 Mlb U3O8 to 34 Mlb U3O8. . .we are maintain our bullish rating for the company."

Joe Mazumdar, Canaccord Genuity (1/15/14) "Fission Uranium Corp.'s released drill assay results from the R390E and R780E zones, specifically from the R780E zone, are a positive (+5 Mlbs to 34 Mlbs) for our resource estimate at the Patterson Lake South (PLS) uranium project. . .we revised our overall resource estimate upwards (+5 Mlb) to 34 Mlb to incorporate the results from the R780E zone where we have modeled ~5 Mlb grading 1.8% U3O8. . .[PLS] is one of the most attractive uranium projects in the hands of a junior since Hathor Exploration's Roughrider project."

Heiko Ihle, Euro Pacific Canada (1/15/14) "Fission Uranium Corp. once again confirmed strong progress at its R390E and R780E zones at Patterson Lake South (PLS), both of which include sizable high-grade intervals at shallow depth. All six holes intersected high-grade intervals of mineralization. Both zones remain open in all directions. . .we maintain our Buy recommendation and remain optimistic on the asset's future potential, as management continues to exceed expectations at PLS."

Joe Mazumdar, Canaccord Genuity (1/15/14) "Fission Uranium Corp.'s released drill assay results from the R390E and R780E zone, specifically from the R780E zone, are a positive (+5 Mlb to 34 Mlb) for our resource estimate at the Patterson Lake South uranium project. We are maintaining our Speculative Buy rating."

Rob Chang, Cantor Fitzgerald (1/15/14) "Given the consistent strong drilling results, we continue to view Fission Uranium Corp. as being undervalued based on the application of the precedent transaction multiple of $9/lb to our estimate, which yields a value of $2.69/share. We reiterate our Buy recommendation and note that the company is one of our top picks in the uranium space."

Haywood Securities (1/14/14) "Fission Uranium Corp. has now completed its acquisition of Alpha Minerals Inc. and the planned spinout of the vast majority of its non-Patterson Lake South (PLS) assets, to effectively consolidate a 100% interest in the PLS uranium exploration play on the western perimeter of the Athabasca basin. . .the company furthered bolstered its financial position, raising gross proceeds of $12.87M (flow through), leaving Fission with significant cash to embark on its aggressive, approximately 30,000m winter 2014 drill program."

Joe Mazumdar, Canaccord Genuity (1/13/14) "Fission Uranium Corp. announced it has begun a radon-in-water survey program at the Patterson Lake South (PLS) project in the southwest Athabasca Basin. Radon-in-water surveying is a crucial component in the exploration process at PLS and will help prioritize drill targets for future programs. We are maintaining our Speculative Buy rating."

Colin Healey, Haywood Securities (1/13/14) "Fission Uranium Corp. has now completed its acquisition of Alpha Minerals Corp. and the planned spinout of the vast majority of its non-Patterson Lake South (PLS) assets to effectively consolidate a 100% interest in the PLS uranium exploration play in the Athabasca Basin. . .the company further bolstered its financial position by raising gross proceeds of $12.87M, leaving it with significant cash to embark on its aggressive 2014 winter drill program."

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