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:

Heiko Ihle, Rodman & Renshaw (7/19/17)
"On July 17, 2017, we toured Fission Uranium Corp.'s Patterson Lake South (PLS) project. . .management continues to make significant progress at PLS. . .the company continues to find new zones, increasing the potential resource for the site and has made excellent progress in moving the site toward a feasibility study. . .we are reiterating our Buy rating."

Heiko Ihle, Rodman & Renshaw (7/7/17)
"On July 6, 2017, Fission Uranium Corp. announced a $6.59M summer program for its Patterson Lake South project. The program is expected to focus on expanding resources at the high-grade R1515W zone in addition to expediting progress towards a prefeasibility study."

A winter drilling program at Patterson Lake South in Canada's uranium-rich Athabasca Basin has confirmed high grades of mineralization on one company's property, and suggests the mineralized trend may be extendable.
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Heiko Ihle, Rodman & Renshaw (6/6/17)
"Fission Uranium Corp. announced results from the final assays of its winter program, which confirmed high-grade mineralization at the new R1515W zone at its Patterson Lake South property; six of eight holes were mineralized, with four returning multiple high-grade intervals. Results included hole PLS17-557, which returned 3.12% uranium over 8.5m within 1.24% uranium over 27.5m."

"To buy right now [in the uranium space], I like Fission Uranium Corp. a lot. It's super high grade. It's near surface in the Athabasca Basin, Canada's premier uranium mining district. I think it's going to be a mine in the not-too-distant future. Meanwhile, it's discovering new deposits in the property. It could end up even bigger and better than it now looks." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (5/1/17)
"Fission Uranium Corp. hit a couple of very nice holes in drilling outside the resource area at Triple R, the deposit-hosting portion of the company's Patterson Lake South uranium project. . .the highlight holes were hole 517 (7.5m of 7.31% U3O8 within a larger interval of 51m of 1.89% U3O8) and hole 515 (25.5m of 2.39% U3O8). These results indicate that this already world-class uranium deposit has the ability to keep growing."

Rob Chang, Cantor Fitzgerald (4/24/17)
"Fission Uranium Corp. has released a total of 16 assay results from drilling on the R840W and R1620E zones. . .drill hole PLS17-517 (line 765W) contained 7.5m at 7.31% U3O8 within a larger interval of 51m at 1.89% U3O8 (104.5m–155.5m). We estimate that this particular drill hole represents 1.4 Mlb U3O8."

Drilling at Fission Uranium's Patterson Lake South has confirmed the R1515W zone, and several analysts are expecting the resource to continue to expand.
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Ross McElroy
With uranium up 40% off last year's lows, a glimmer of optimism is returning to the uranium market, says Fission Uranium's President, COO and Chief Geologist Ross McElroy. In this interview with The Energy Report, McElroy discusses the company's latest drill results, its winter drilling plans and why he believes Fission could be on the cusp of a major discovery.
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More Expert Comments

Experts Following This Company

Tyron Breytenbach, Analyst – Cormark Securities
Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Matt Geiger, General Partner – MJG Capital
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Louis James, Editor – Casey Research
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Alex Pierce, Analyst – BMO Capital Markets
David Sadowski, Analyst
David Talbot, Vice President, Senior Analyst – Eight Capital

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