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:

"I was one of the first to recommend Fission Uranium Corp. in the fall of 2012. It was in the $0.30 range. We made a triple on it, and then I sold it. I was wrong for selling it because the company has done extremely well, but you can never be wrong taking a profit. Ross McElroy and his team there have done a fantastic job. They discovered a world-class, high-grade project in the Athabasca Basin. It really is one of the highest-grade projects in the world. I no longer own shares in Fission, but have it on my watch list, as I've seen great deposits go on sale in the past—nothing specific to Fission, but if a major market correction happens, then I would pick up some shares again." read more >

Rob Chang, Cantor Fitzgerald (6/29/15)
"Fission Uranium Corp.'s Triple R's R780E zone expands again; all twelve angled drill holes intercepted strong mineralization. . .incorporating the new assay results, the zone has increased to the east along strike, laterally north and south and vertically up and down dip. . .with all the winter drill results now in hand, the summer drill program is expected to begin in the next few days."

"There is a grouping of Patterson Lake deposits now. Fission Uranium Corp. is one; the spinoff company of the exploration project is Fission 3.0 Corp. . .the company has made it clear that it doesn't intend to produce uranium, which means that someone has to take it out at some point. When it gets the proper offer, then it goes. . .Fission Uranium is content with continuing to explore its land package to determine how much uranium it can find on these structural features. It is currently drilling the east side of the property, which has not seen much drilling. Fission Uranium is also chasing mineralization to the southwest along the on-land portion of the mineralized feature, which is harder to find because it's covered by about 40m of glacial till. So it's still a drilling story at this point. . .the mineralization is so shallow at Triple R and so amenable to mining that the company doesn't have to prevent water from flowing into the workings by unconventional means. What is unknown is exactly how much depth potential exists on Fission Uranium's ground." read more >

Wayne Hewgill, Mackie Research Capital (6/22/15)
"Fission Uranium Corp. announced the discovery of a new zone at depth 25m north of R600 W. Additional results from seven holes in the 780E zone have expanded the footprint and filled in gaps in the high-grade core of the 780E zone. . .highlights from the 600W zone included an isolated interval at 307m depth of 2.5m of mineralization well within the less commonly mineralized semipelitic gneiss grading 3.26% U3O8. The intersection is important, as it opens up the potential for a new parallel high-grade zone to the north of the main zone in R600W."

David Sadowski, Raymond James (6/18/15)
"Fission Uranium Corp. announced an aggressive CA$10M, 60-hole (20,000m) summer drill program will commence at its flagship, 100%-owned Patterson Lake South uranium project in the first week of July. Drilling will be evenly distributed between the on-land R600W Zone, main Triple R deposit and regional targets. We encourage investors to bolster positions in Fission ahead of likely further drilling success this summer, maiden PEA due this fall, as well as our expectation of: 1.) Upward pressure on uranium equity valuations with Japanese reactor restarts due to start this August and 2.) Higher uranium prices with increased contracting heading towards H2/15E."

Rob Chang, Cantor Fitzgerald (6/15/15)
"Fission Uranium Corp. has announced nine assays results from angled holes drilled on the R600W, R708E and R1620E zones on the Patterson Lake South (PLS) property. . .today's news is positive on multiple fronts, as both the R600W zone and the R780E zone have expanded. The emergence of a new high-grade zone parallel to the R600W zone is a testament to the current focus in developing the land-based portion of the PLS deposit."

More Expert Comments

Experts Commenting on This Company

Matt Badiali, Editor – Stansberry Research
Mike Bandrowski, Analyst
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
Oliver Gross, Chief Editor and Analyst Der Rohstoff-Anleger
Colin Healey, Analyst – Haywood Securities
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.
Marin Katusa, Analyst – Katusa Research
Kal Kotecha – Junior Gold Report
David Kratochvil – Euro Pacific Canada
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Björn Paffrath, Director – Stabilitas-Fonds
Bhakti Pavani – Euro Pacific Canada
Paul Renken, Senior Geologist – VSA Capital
David Sadowski, Analyst – Raymond James
Ron Stewart, Analyst – Macquarie Equity Research
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.
Fission Uranium Corp. Content