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 (2/24/15)
"Fission Uranium Corp.'s Triple R technical report was posted to SEDAR yesterday. . .this easily ranks Triple R among the Top 4 Athabasca basin uranium deposits along with the high-grade unconformity giants McArthur River, Cigar Lake and Phoenix. Triple R derisking is underway, and we believe that potentially interested parties will use this study as further due diligence."

Haywood Securities (2/13/15)
"Fission Uranium Corp. announced radioactivity results from nine drill holes at its Triple R deposit in Saskatchewan. . .successfully identified mineralization beyond the current boundaries of the R780E zone, including to the north, along strike to the east and up-dip vertically. . .the company will continue to conduct drilling to expand the zone further. . .and a preliminary economic assessment is expected for Triple R in Q3/15."

Heiko Ihle, H.C. Wainwright & Co. (2/12/15)
"On Feb. 11, Fission Uranium Corp. announced a 12% investment in Fission 3.0 Corp. . .Fission spun out Fission 3.0 in a transaction in December 2013, when the company spun-off of all of its non-core assets besides Patterson Lake South (PLS). . .the strategic investment provides Fission with exploration upside outside PLS. . .on Feb. 10, Fission announced nine step-out angled drill holes at PLS, all of which returned mineralization. . .Triple R's R780E zone was expanded 40m laterally to the north, 30m along strike to the east, and 50m up-dip vertically. . .the overall resource base could ultimately be larger than our current 90 Mlb estimate."

Rob Chang, Cantor Fitzgerald (2/11/15)
"Fission Uranium Corp. has announced that it has entered into a subscription agreement with Fission 3.0, where Fission Uranium will acquire 22M shares of Fission 3.0 at a price of $0.14/share for a total price of $3,080,000. . .the acquisition of 12% Fission 3.0 will give Fission Uranium a greater stake in satellite projects around its Patterson Lake South deposit."

David Talbot, Dundee Capital Markets (2/10/15)
"We recommend Fission Uranium Corp. as our Top Pick with a Buy and CA$2.40 target price. Scintillometer results from an additional nine stepout angled holes at Triple R uranium deposit, Patterson Lake South project were announced this morning. . .all nine holes hit shallow uranium mineralization, with seven expanding the R780E zone vertically, laterally and along strike."

Rob Chang, Cantor Fitzgerald (2/5/15)
"We are maintaining our Buy recommendation on Fission Uranium Corp. and are increasing our target price to $1.95 per share, up 18% from $1.65 per share. . .based on the weighted average of three possible resource size scenarios: 106 Mlb (current resource size), 125 Mlb, and 150 Mlb. On Jan. 9 the company announced a maiden resource of 106Mlb at its wholly-owned Paterson Lake South uranium property located in Athabasca Basin. . .80Mlb Measured and Indicated and 26 Mlb Inferred. . .while already impressive, we believe it still has plenty of room to grow. . .realistic upside is in the neighborhood of 125–150 Mlb."

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