Fission Uranium Corp.

Fission is the most awarded uranium explorer in the world. It owns the PLS project in Canada’s Athabasca Basin, home to the world’s richest uranium deposits. PLS is host to the Triple R deposit – the only major, high-grade deposit in the region that is near-surface – together with three additional high-grade, shallow-depth zones. This mineralization is part of a 2.58km mineralized trend that has the largest footprint in the Athabasca Basin and is still open in multiple directions. Exploration is ongoing.

Fission has won the industry’s top awards, including The Northern Miner’s Mining Person/s of the Year, PDAC’s Bill Denis Award and The Mining Journal’s Excellence Award. Most recently, The Mining Journal ranked PLS as the top undeveloped uranium project in the world. Headed up by CEO Dev Randhawa, the company has made two major uranium discoveries in three years. President and Chief Geologist, Ross McElroy, has been instrumental in five of the last ten major discoveries in the basin. In January, 2016, CGN Mining invested $82M (cash) in Fission at a premium, ensuring the company is very well-funded.

Expert Comments:

David Talbot, Dundee Capital Markets (8/24/16)
"We recommend Fission Uranium Corp. with a BUY and a target of CA$2.20. . .scintillometer results for the final seven core, and four reverse circulation drill holes, were reported overnight from the 100%-owned PLS project in the Athabasca Basin; results from systematic exploration along several conductive trends were also reported and some returned anomalous alteration and uranium mineralization. . .great strides are being made by Fission to de-risk economics via drilling, metallurgy and ongoing review of mine scheduling and project infrastructure."

David Talbot, Dundee Capital Markets (8/2/16)
"Scintillometer results from another nine holes [at Fission Uranium Corp.'s Triple R deposit] were reported. . .drill results from both areas demonstrate wide zones, high-grade cores and shallow uranium mineralization, assays pending. The results from the R1620E zone appear particularly important. . .the main take-away here is that multiple stacked zones provide for added exploration potential. . .due to the expectation that rocks may get more structurally complex moving westward, small step outs are a good way to grow this zone. Critical mass is desired, particularly if zones get deeper."

Jocelyn Aspa, Uranium Investing News (7/26/16)
"The outside mark of the Athabasca Basin has become a hot spot, which leads us to Fission Uranium Corp.'s Triple R deposit, the only major, high-grade deposit in the region that is potentially open pittable. . .new large, high-grade zones have recently been discovered by Fission, which outlined the largest mineralized trend in the Basin at 2.58 kilometers in length."

Heiko Ihle, Rodman & Renshaw (7/25/16)
"We once again highlight the potential for an open-pit mine at PLS given the shallow nature of the site, a unique feature among the larger undeveloped assets in the Athabasca. . .the recent drilling results at PLS have been quite encouraging. . .we continue to believe that PLS should eventually be acquired, though hope that the current management team can expand the resource at the site prior to an acquisition occurring."

"The recent uranium discoveries in the Athabasca Basin could definitely be described as world class. NexGen Energy blew all expectations out of the water with a maiden resource estimate containing in excess of 200 Mlb, but neighbor Fission Uranium Corp. is located within wheelbarrowing distance from NexGen, and both companies combined will very likely have in excess of 400 Mlb uranium. Fission's Triple R deposit contains almost 110 Mlb uranium—and this is expected to increase toward the 150 Mlb mark as Fission is now trying to connect the mineralized systems at the different target areas—at an average grade of approximately 1.75% U3O8. However, there are higher-grade zones located within this resource estimate and Triple R has 45 Mlb in the Indicated resource category at an average grade of 18.22% U3O8." read more >

Heiko Ihle, Rodman & Renshaw (7/8/16)
"Fission Uranium Corp. announced the kickoff for summer drilling at its Patterson Lake South project. . .The 52 hole, 15,200 meter program is expected to cost about $13.3 million. . .36 of the holes are slated to be drilled on recently discovered high-grade zones, which were a product of the winter drilling program’s success at the project. . .We highlight that these zones remain outside the Triple R deposit and its corresponding current resource estimate. . .In short, we think PLS has a lot more to give and believe resources should continue to grow at what we already view as a world-class uranium asset."

More Expert Comments

Experts Following This Company

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
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Nik Rasskazovskiy
Paul Renken, Senior Geologist – VSA Capital
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
David Sadowski, Analyst – Raymond James
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
The most significant near-surface, high-grade deposit in Canada's Athabasca Basin
The world’s most-awarded uranium explorer
Still early days at PLS, with numerous exploration hot spots throughout the large property