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:

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."

David Talbot, Eight Capital (4/20/17)
"In a follow-up to final exploration results announced this week, Fission Uranium Corp.'s infill drilling has expanded multiple zones at the Triple R zone. . .mineralization appears to have expanded the center of the R840W zone to both the north and south, with local high-grade uranium. There appear to be significant improvements at the R1620E zone as well."

Rob Chang, Cantor Fitzgerald (4/20/17)
"Fission Uranium Corp. announced scintillometer results for the final 15 holes from its 2017 winter drill program. . .the expansion of the eastern side of R780E is positive as it points to the potential of additional mineable pounds on the eastern edge of the best zone at Patterson Lake South. Meanwhile, the results at R840W and R1620E appear to confirm the quality of those zones."

David Talbot, Eight Capital (4/18/17)
"Fission Uranium Corp.'s winter drill program at Patterson Lake South in the Athabasca basin ended on a high note. Scintillometer results suggest it has drilled the best hole yet from the new R1515W discovery; 47m of composite radioactivity within a 125m interval includes 27.5m of continuous mineralization and 5.29m total composite high-grade core of greater than 10,000 cps radioactivity in PLS17-557 (L1530W)."

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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Heiko Ihle, Rodman & Renshaw (4/5/17)
"Fission Uranium Corp.'s Patterson Lake South (PLS) project continues to expand. On March 20, 2017, the company announced a newly discovered high-grade zone at PLS and named the zone R1515W. . .hole PLS17-539, the discovery hole, intersected 32m of mineralization (134.5–222m) including 31m continuous mineralization (191–222m)."

Rob Chang, Cantor Fitzgerald (4/4/17)
"Fission Uranium Corp. has announced the expansion of the R1515W zone through two mineralized holes; while still early stage, the R1515W zone may provide yet another additional source of uranium pounds for Patterson Lake South. We reiterate our Buy recommendation."

In the wake of announced production cutbacks by Kazakhstan's state-owned uranium mining powerhouse, Kazatomprom, the beleaguered uranium market has seen an upswing.
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Management Q&A: View From the Top
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
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Thibaut Lepouttre, Editor Caesars Report
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