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Fission Uranium Corp.

TICKER: FCU:TSX.V

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.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

The Energy Report Interview with Michael Berry (4/17/14) "We've had some wonderful discoveries in the Athabasca led by Fission Uranium Corp." More >

The Mining Report Interview with Etienne Moshevich (4/15/14) "In the long term, the outlook for uranium is positive, and the discovery that Fission Uranium Corp. and Alpha Exploration made in the Athabasca Basin is huge. There were only three big winners in 2013 for investors, in terms of penny stocks going to multiple dollars. . .when investors saw that two of the three big winners were in the uranium space, they started moving there. . .people forget that Fission was spun out of Strathmore Minerals. Fission is exploring assets that Strathmore had not. This gives people hope that the majors may have overlooked properties and that a junior could leap to being a developer and vastly expand its market cap." More >

David Talbot, Dundee Capital Markets (4/14/14) "Fission Uranium Corp. announced assay results from 12 holes at Patterson Lake South (R780E Zone) as the first batch of winter drilling assays. . .the assays reflect results from existing gamma logs/scintillometer results, and bottom line, our mineral inventory continues to rise. We suggest buying on weakness; the company is fairly valued only if it doesn't grow any further, and we do expect continued growth of this world-class deposit."

Joe Mazumdar, Canaccord Genuity (4/14/14) "We reiterate our Speculative Buy rating on Fission Uranium Corp as the winter 2014 program has been successful in not only infilling the pods of mineralization along the PL3B conductor, but extending it to greater than 2.2km. We anticipate ongoing preliminary and assay results from the current drill program along with results from the radon-in-water survey (in a few weeks)."

Rob Chang, Cantor Fitzgerald (4/14/14) "We have increased our back-of-the-envelope resource estimate for Fission Uranium Corp.'s Patterson Lake South (PLS) project to 68.4 Mlb U3O8 at an average grade of 1.03%, which is an increase of 32% in resource size but a decrease in average grade from 1.25%. We continue to see visible upside to greater than 100 Mlb at PLS and note that our unconstrained resource estimate for the project now stands at 90.3 Mlb. . .Fission Uranium continues to be one of our top exploration picks in the uranium sector."

more comments

Brien Lundin, Gold Newsletter (Jefferson Financial) (4/10/14) "Fission Uranium Corp. has continually broken records for the richest drill hole at Patterson Lake South(PLS), its flagship uranium deposit in the Athabasca Basin. . .quality assays continue to pour in from the company's $12M, 30,000m drill program. . .this bodes well for the company's ability to demonstrate continuity of bonanza-grade, near-surface uranium mineralization along the entire 1.78km strike length. . .the company has parlayed success at PLS into a significant new financing. . .it's hard to think of a bigger success story in the current market than Fission Uranium. . .the stock is still a buy."

David Talbot, Dundee Capital Markets (4/7/14) "Fission Uranium Corp. announced scintillometer results from an additional seven holes at Patterson Lake South. Highlight hole PLS14-201 (L855E) hit 82.5m of mineralization including 16.8m off scale. . .the company is doing what we expected it to do, expanding known mineralization, filling in gaps while connecting zones along strike and expanding laterally, north to south."

Rob Chang, Cantor Fitzgerald (4/7/14) "Fission Uranium Corp. has released the latest scintillometer results from seven holes in its winter drilling program at the Patterson Lake South property. . .all holes returned wide intervals of 'off-scale' (>9999 cps) mineralization, highlighted by 16.8m total composite 'off-scale' in 82.5m of total composite mineralization. . .these latest seven holes extend the winter drilling program's successful hit rate for mineralization."

Rob Chang, Cantor Fitzgerald (4/3/14) "Fission Uranium Corp.'s CA$12M winter drill program is coming to an end in April. . .the summer drilling program will total $8M and continue with the resource delineation. . .currently, only 2% of the total property has been tested; substantial blue sky expansion remains."

Mike Bandrowski, Clarus Securities (4/2/14) "Fission Uranium Corp.'s winter drill program has continued to deliver stellar results at its 100%-owned Patterson Lake property. . .the company recently identified a new zone (R1620E) with a 465m stepout hole, PLS14-196. Given the increase in strike length and near perfect hit rate, we see upside to our 75 Mlb U3O8 estimate and valuation."

Morning Coffee (4/1/14) "Fission Uranium Corp. reported an additional 6 holes (2,171.5m) for a total of 63 holes (out of 100 planned) in 23,096m (out of 30,000m planned) of its 2014 winter drill program where the majority (85%) is planned to test the PL3B conductor from L015E to L1080E with four rigs at its Patterson Lake South (PLS) uranium project. . .a fifth rig is testing exploration holes outside of this focus area."

The Mining Report Interview with Stephan Bogner (4/1/14) "Major uranium companies have been on the rise since late 2013 as well. . .Fission Uranium Corp. is up 60%. . .the company has more than tripled its stock price because of its discovery of an amazing deposit." More >

Mick Carew, Haywood Securities (3/31/14) "Fission Uranium Corp. today announced scintillometer readings from six new drill holes at its Patterson Lake South (PLS) project. . .of particular note is hole PLS14-196, which intersected total composite scintillometer readings of 30.5m from a downhole depth of 99m and is still in progress. The hole identified an additional 'radioactive' zone approximately 465m to the east of zone R1155E and effectively extends the total strike length of PLS from 1.78 km to 2.24 km."

Joe Mazumdar, Canaccord Genuity (3/31/14) "Fission Uranium Corp. reported an additional six holes. . .at its Patterson Lake South uranium project. . .we reiterate our Speculative Buy rating as its winter drill program has extended the strike length of the PL3B to >2.2 km. We anticipate ongoing preliminary and assay results from the current drill program along with results from the radon-in-water survey (few weeks)."

The Energy Report Interview with David Sadowski (3/27/14) "Our top picks at the moment in the space include Fission Uranium Corp; Fission has been a top pick in the space for some time. We have a $2/share target and a Strong Buy rating. We view Patterson Lake South as the world's last known, high-grade, open-pittable uranium asset. It has immense scarcity value. There are not very many projects in the world that can yield a drill intersection of 117 meters (117m) grading 8.5% uranium, as hole 129 did in February. There is only one project in the world where you would find an interval like that starting at 56m below surface, and that's Fission's Patterson Lake South. It's in the best jurisdiction, has a management team that has executed very well and has huge growth potential. We think that property probably hosts over 150 Mlb uranium. We would be very surprised if the company was not taken out at some point in the next two years." More >

David Kratochvil, Euro Pacific Capital (3/24/14) "On March 24, 2014, Fission Uranium Corp. announced results from nine new holes at its wholly owned Patterson Lake South property. . .all nine holes encountered wide mineralization, with seven intersecting substantial off-scale (>9999 cps) radioactivity. . .we reiterate our Buy recommendation on the company's shares, which are currently trading at a 25.5% discount to our unchanged price target of $2/share."

Mick Carew, Haywood Securities (3/24/14) "Fission Uranium Corp. today announced that drilling from its current winter program successfully intersected the 'best off-scale' hole to date at Patterson Lake South (PLS). . .hole PLS14-187 intersected 146m total composite mineralization from a downhole depth of 58.5–231.5m. . .uranium mineralization at PLS remains open along strike to the east and west."

Joe Mazumdar, Canaccord Genuity (3/24/14) "Fission Uranium Corp. reported more preliminary results from an additional nine holes, with one hole still in progress (PLS14-187) from its winter 2014 drill program at Patterson Lake South (PLS). . .Fission reported its new best preliminary result to date on the project (53.47m of "off scale"). . .for basement controlled U3O8 mineralization, such as the case for PLS, these potentially high grade intersections anchor the pods of mineralization and can translate to significant resource additions. . .we believe the company is close to attaining a critical volume (50–60 Mlb U3O8) to support a standalone processing facility."

The Gold Report Interview with Brien Lundin (3/24/14) "Even in the worst correction the junior resource industry has seen for many years, there were plays like Fission Uranium Corp., which is spectacular with its Patterson Lake South discovery. That's going to go down as one of the greatest mineral discoveries in modern times, regardless of the metal or mineral involved. It's still growing. It has a 100% drill success ratio record. Plays like that continue to pop up." More >

Joe Mazumdar, Canaccord Genuity (3/17/14) "Fission Uranium Corp. reported preliminary results from an additional eight holes (2,618m, average depth 327m, average depth to basement 57m) from its winter 2014 drill program at Patterson Lake South (PLS). . .highlights from the drilling include 15.25m of total composite off scale (>9,999 cps) from PLS14-171 (R780E, L690E, eoh 323 m), which was drilled along the western margin of the R780E, 75 m from the eastern edge of the R390E zone (L615E). The majority of the highly anomalous U3O8 mineralization is associated with the contact between quartizitic and pelitic gneiss units, according to the geological log. . .PLS is one of the most attractive uranium projects in the hands of a junior."

Heiko Ihle, Euro Pacific Capital (3/10/14) "We maintain our resource estimate of 85 Mlb uranium for Fission Uranium Corp.'s Patterson Lake South (PLS) project; we note the continued promising results from drilling at the site as seen in PLS14-164 in addition to further narrowing of gaps between different zones. Given recent successful drilling between the zones, we feel that our 85 Mlb estimate for PLS is becoming increasingly more conservative."

Mick Carew, Haywood Securities (3/10/14) "Fission Uranium Corp. today announced additional composite scintillometer readings from four drill holes from its Patterson Lake South (PLS) property. . .importantly, these results continue to indicate that significant radioactive zones are present in areas containing relatively low uranium anomalism from water and radon soil surveys, providing support to the suggestion that uranium mineralization at PLS could represent one continuous mineralized zone of variable grade."

Mike Bandrowski, Clarus Securities (3/10/14) "Fission Uranium Corp. released results of four additional drill holes from the winter drill program at its 100%-owned Patterson Lake South property. . .all four holes returned intervals of mineralization, keeping the hit rate for the winter program at 100%."

David Sadowski, Raymond James (3/10/14) "This morning, Fission Uranium Corp. released preliminary scintillometer results from four holes drilled at 100%-owned Patterson Lake South (PLS). . .we urge investors to continue to build positions in the company. The results further corroborate the strength and potential scope of the mineralizing system at PLS, underlining significant exploration upside that is not being reflected at current share price levels."

David Talbot, Dundee Capital Markets (3/10/14) "We continue to recommend Fission Uranium Corp. as a Buy. . .we have long suggested that Patterson Lake South hosted potential for 80–100 Mlb, and with the latest scintillometer results from what appears to be another spectacular drill hole, our confidence that this range could ultimately be surpassed continues to increase. . .assuming a takeout price of $800M based on 80M lbs at $10/lb is reasonable, then the stock has another 53% lift to these levels."

Joe Mazumdar, Canaccord Genuity (3/10/14) "Fission Uranium Corp.'s R545E zone at Patterson Lake South continues to show promise. . .the highlight is the 16.18m of 'off scale' mineralization intersected within an interval of 85.5m of composite mineralization in a 191.5m section beginning at the bedrock contact (55m downhole). . .we currently have a resource estimate of 8 Mlb at the R585E zone and the drilling success encourages us that it could grow further."

Brent Cook, Exploration Insights (3/9/14) "Fission Uranium Corp. continues to hit mineralization in stepout drilling at the Patterson Lake South discovery. . .this week the company announced additional scintillometer readings that begin to demonstrate continuity between the R780E and R945E zones. With continued drilling, it is possible that many of the currently defined zones (pods) may merge into a significant trend of uranium mineralization."

Tickerscores (3/8/14) "Fission Uranium Corp. has the most exciting uranium discovery in the last couple years and is a legitimate takeover candidate. . .keep the company on your watch list as the uranium sector begins to heat up in H2/14."

Rob Chang, Cantor Fitzgerald (3/7/14) "Fission Uranium has released the latest four scintillometer results from its winter drilling program at Patterson Lake South (PLS). . .of particular note was hole PLS14-160, which intersected 16.18m of total composite 'off-scale' in 85.5m of total composite mineralization. Moreover, this hole has narrowed the gap between zones R390E and R585E to 60m, which is another step towards confirming the theory that PLS may indeed be one large zone instead of several discrete ones."

David Sadowski, Raymond James (3/7/14) "Fission Uranium Corp. released preliminary scintillometer results from 20 holes at its 100%-owned Patterson Lake South (PLS) in northern Saskatchewan. . .we urge investors to continue to build positions in the company. The results further corroborate the strength and potential scope of the mineralizing system at PLS. . .given the project's exceptional scarcity value and world-class grades at open-pittable depths, we view takeout potential as high."

The Energy Report Interview with Derek Hamill (3/6/14) "Most of the past exploration and all the production in the Basin comes from the eastern side of the Basin. Fission Uranium Corp.'s PLS has brought renewed optimism for exploration in the southwestern areas of the Basin that surround the discovery. Additionally, PLS is close to the surface, meaning open-pit mining of fairly high-grade uranium is an option." More >

David Talbot, Dundee Capital Markets (3/5/14) "We continue to recommend Fission Uranium Corp. as a Buy; 20 holes of scint results were announced and all hit. . .1) all drilling efforts are currently being met with success (thick uranium mineralization); 2) zone width is increasing significantly around R780E, showing this isn't a narrow structure; and 3) gaps between known zones are disappearing, with mineralization now connecting the zones at PLS. . .drilling is starting to merge these zones together. . .our estimates already suggest PLS has a mineral inventory of 48 MMlb U3O8."

Mike Bandrowski, Clarus Securities (3/5/14) "Fission Uranium Corp. released scintillometer results of 20 drill holes from the winter drill program at its 100%-owned Patterson Lake property. . .all 20 holes returned intervals of mineralization, including 13 that returned off-scale readings greater than 9,999 counts per second. Simply put, the company had a 100% hit rate on these 20 holes, which is an amazing feat given the difficulty [of] drilling the target with 50–100m of overburden."

David Sadowski, Raymond James (2/26/14) "Fission Uranium Corp. is the 100% owner of the Patterson Lake South project (PLS) in the Athabasca Basin of northern Saskatchewan. The company has a strong management team and cash position, low geopolitical risk and high takeout potential. PLS is the most exciting exploration project globally, in our view, with significant resource potential, [and boasts] high-grade mineralization at shallow depths. We believe open-pit mining could be employed. The Athabasca Basin is the premier uranium jurisdiction globally; we see takeout potential as high. The mineralized drilling hit rate is exceptional; radon and geophysics work well at targeting new zones."

David Talbot, Dundee Capital Markets (2/25/14) "Fission Uranium Corp. has 100% ownership of the exciting Patterson Lake South discovery in the Athabasca Basin and has discovered at least six high-grade, shallow uranium zones. . .it has 100+ Mlb potential. . .it is one of our top picks."

Mike Bandrowski, Clarus Securities (2/24/14) "Fission Uranium Corp. presents an opportunity to gain exposure to high grade, near surface uranium in the Athabasca Basin, the highest grade uranium jurisdiction in the world. . .we are initiating coverage with a Speculative Buy rating. . .PLS is the most exciting, near-surface, basement hosted uranium deposit being delineated in the Athabasca Basin. The high grade and open pit potential present an opportunity to generate robust economics, positioning FCU as the premier uranium exploration story."

The Energy Report Interview with David Talbot (2/20/14) "We believe Fission Uranium Corp.'s Patterson Lake South discovery is very significant, probably the largest since Hathor's Roughrider discovery. . .it's shallow, high grade, thick; it has all the hallmarks of a great project. Not only that, but it's also located in the Athabasca Basin, which hosts a supportive government, excellent infrastructure, capacity at existing mills and a solid permitting framework. At Patterson Lake South right now, all six zones lie at or near the surface, and they are only drill limited at this point; they're not cut off. We anticipate that several of these zones will probably tie together, creating a much larger, single deposit. It's still in the early stages of delineation. Aggressive drilling is underway in preparation for an initial resource. We speculate we might see that early next year. Right now, we estimate about 43 Mlb grading 2% uranium. The grade goes up significantly if we use a higher cutoff grade, but the pounds in the ground aren't impacted that much. So right now, it's looking like a great, high-grade uranium deposit.

"We've always felt that Fission is a potential takeover target. Given its grades and shallow depth, Patterson Lake South has potential to become an economic deposit, capable of supporting not only construction of a mill. But, also, perhaps even more attractive is that this near-surface deposit may require relatively smaller upfront capital and could provide feed to an existing mill and be run at irregular intervals, essentially delivering high-value material over great distances when it's necessary. So we believe that Patterson Lake South and Fission, for that matter, make sense as a target for anybody that wants to set up shop in what is the underexplored western side of the Athabasca Basin." More >

Joe Mazumdar, Canaccord Genuity (2/19/14) "Fission Uranium Corp. reported assay results for PLS14-129 from its 2014 winter drill program at the Patterson Lake South uranium project. Based on these results from the R585E zone, which are the most impressive (38m grading 13.7% U3O8 and 31.5m grading 11.19% U3O8) to date from the project, we have added an additional 8 Mlb to our U3O8 resource estimate, which is now 43 Mlb."

David Sadowski, Raymond James (2/19/14) "This morning, Fission Uranium Corp. released strong assay results from hole 129 at Patterson Lake South (PLS). . .we urge investors to continue to build positions in the company. Today's results further corroborate the strength and potential scope of the mineralizing system at PLS, underlining significant exploration upside, appropriate exploration techniques, attractive valuation and takeout potential."

David Sadowski, Raymond James (2/17/14) "We continue to recommend bolstering positions in Fission Uranium Corp. Assays and preliminary winter results further corroborate the strength and potential scope of the mineralizing system at Patterson Lake South, underlining significant exploration upside, appropriate exploration techniques, attractive valuation and takeout potential."

Western Investor, Seeking Alpha (2/12/14) "I believe that due to the unique nature of the Patterson Lake South project, Fission Uranium Corp. will eventually be bought out, more likely sooner than later. The share price continues to lag the impressive results while at the same time assigns no value to exploration potential, creating a favorable risk-reward scenario; a shallow, high-grade deposit in one of the most mining-friendly areas in the world with access to infrastructure already at its doorstep certainly deserves a premium valuation."

Joe Mazumdar, Canaccord Genuity (2/11/14) "Fission Uranium Corp. reported an additional 2,672m of drilling in seven holes from its winter 2014 program at its Patterson Lake South project. . .the intersections have extended the known mineralization in the zones tested."

Wayne Hewgill, Tempest Capital (2/10/14) "Fission Uranium Corp. announced the final results from the summer drilling program on the Patterson Lake South project, located in the southwest Athabasca Basin in Saskatchewan. The drilling continues to expand the lateral extent of the steeply dipping, basement-hosted mineralization. Drill hole PLS13-109, from the R780E zone, intersected 8m grading 4.22% U3O8, starting at a depth of 108m, including a higher-grade zone of 3m of 11.1% U3O8; the steeply dipping R780E zone now has a strike length of 75m with an estimated width of 60m."

Heiko Ihle, Euro Pacific Capital (2/6/14) "On Feb. 5, 2014, Fission Uranium Corp. announced assay results from the final 20 holes of the summer 2013 drill program. . .given continued positive results from the site, we maintain our conservative estimate of 85 Mlb uranium for the Patterson Lake South project. . .we maintain our Buy recommendation on the company's shares."

Rob Chang, Cantor Fitzgerald (2/5/14) "Fission Uranium Corp. has announced assay results for the final 20 drill holes from its summer 2013 drill program; the Patterson Lake South project is now a victim of its own success in that high-grade holes are expected. Today's assay results are mostly in line with these expectations. We reiterate our Buy (Speculative) recommendation and note that the company continues to be one of our top picks in the uranium space."

The Gold Report Interview with Brent Cook (2/5/14) "Fission Uranium Corp. passes my screening tests. I held back when the first drill hole showed that the company had hit uranium mineralization in the Athabasca Basin because I was concerned that most of it could have been eroded. Subsequent drilling down trend showed a lot of mineralization left in the ground, so we bought in. It has performed extremely well. Fission is onto a major discovery. All subsequent drilling confirms that this thing is getting bigger and it has the grade and mining characteristics to make money. Fission has 90 drill holes planned this winter, so there's certainly a chance for even more discoveries this year." More >

The Mining Report Interview with Joe Mazumdar (2/4/14) "We cover Fission Uranium Corp., which we believe has an outstanding project along the southwest margin of the Athabasca Basin. Drilling over the past year or so has returned phenomenal results that indicate a shallow average depth of the U3O8 mineralization. We currently estimate a resource of 34–35 Mlb grading 3.6% U3O8. It may be fully valued at 34–35 Mlb U3O8, but the attainable goal is to declare a resource greater than 50 Mlb.

"Fission just released its first round of preliminary results from its 30,000 meter 2014 drill program, which were excellent. The news flow will keep going until March or April 2014, when the winter program ends, but we should still be seeing assays for another two months following that. Some of Fission's zones of U3O8 mineralization are technically amenable to open-pit mining at a pretty decent grade—well over 1%. Saskatchewan is a very good geopolitical jurisdiction. Fission will, in our opinion, require further derisking in the form of a maiden resource estimate leading to a scoping study to attract any significant M&A bids." More >

David Talbot, Dundee Capital Markets (2/3/14) "We continue to recommend Fission Uranium Corp. as a Buy with no target. With its first hole of the 90-hole, $12M winter program, the company hit its largest off-scale mineralized intercept to date at Patterson Lake South (PLS). . .we believe the stock trades at a conservative $8.10/lb U3O8, considering precedent Athabasca Basin deals completed at ~$10/lb. . .Fission's 100%-owned PLS discovery has quickly become one of the most exciting stories in the uranium sector."

Brent Cook, Exploration Insights (2/2/14) "Fission Uranium Corp. announced a significant uranium intersection on line 600E at Patterson Lake South (PLS) that included 36m of off-scale radioactivity. . .the discovery and continued positive results have not gone unrecognized, as the company is currently being valued at ~CA$380M. . .the successful hit rate for the PLS project is quite remarkable, reflecting the strength and probable size of the ultimate deposit; discoveries of this caliber are few and far between."

Rob Chang, Cantor Fitzgerald (1/27/14) "Fission Uranium Corp. has announced scintillometer results for the first five holes drilled in the winter 2013 program. . .these results include the best scintillometer results yet at Patterson Lake South (PLS) and shows that the deposit continues to have plenty of upside. Moreover, all five drill holes encountered off-scale results and have narrowed the gaps between zones R390E and R945E, thereby taking another step towards proving that PLS may be in fact one large zone rather than several discrete ones."

David Talbot, Dundee Capital Markets (1/27/14) "Potentially the best hole ever at Fission Uranium Corp.'s PLS kicks off winter drilling. . .with its first hole of the winter program, Fission hits its largest off-scale mineralized intercept to date at PLS in hole PLS14-129, even surpassing hole-75 which ultimately returned 21.76% U3O8 over 21.5m. . .we believe the stock trades at a conservative $7.80/lb U3O8 considering precedent Athabasca Basin deals completed at ~$10/lb. . .all five holes intersected off-scale radioactivity and have further narrowed the gaps between zones R390E to R945E. . .overall a great start to 2014 winter drilling, and supports our thesis that PLS is essentially one long continuous zone."

Mick Carew, Haywood Securities (1/27/14) "Fission Uranium Corp. today announced scintillometer readings from five drill holes at its Patterson Lake South (PLS) property in Saskatchewan. Of particular note is hole PLS14-129, which returned a composited radioactive interval of 111.5m, comprised of nine variably radioactive mineralized intervals ranging in width from 0.5m to 38m. . .this hole represents the widest intersection of composited, off-scale scintillometer results so far encountered at the PLS property."

Joe Mazumdar, Canaccord Genuity (1/27/14) "Fission Uranium Corp. reported preliminary results from the first holes of its 2014 winter program (CA$12M, 90 holes, 30,000m), which included 36.72m of total composite off-scale from the R585E zone. . .this preliminary result from PLS14-129 is far more (70% higher) than the previous highest composite off-scale returned at the project from the R390E zone. . .note that L330E, which hosts the PLS13-075 intersection, contains, according to our estimates, just more than 4 Mlb of U3O8. . .this confirms that high-grade intersections have the potential to add significant volume to zones such as R390E and R585E."

Heiko Ihle, Euro Pacific Capital (1/22/14) "Given past exploration successes at the R00E, R390E and R780E zones at Fission Uranium Corp.'s Patterson Lake South (PLS), we hope to see good assays for the current drilling program as well. . .the management team has a terrific track record including the discovery and sale of Waterbury to Denison Mines Corp. and we believe PLS will be an additional success story. . .we remain bullish on the PLS project and continue to recommend purchase of the shares."

The Mining Report Interview with Amanda Van Dyke (1/21/14) "If you have to have one uranium company in your basket, I'd go for Fission Uranium Corp. It's a no-brainer. Its new project, Patterson Lake in Saskatchewan, has the most exceptional grades I've ever seen, and it's close to surface. It has a management team that has shown that it's very effective in doing deals that are accretive to shareholders." More >

Morning Coffee (1/17/14) "Fission Uranium Corp. released positive drill assay results from the R390E and R780E zones at the Patterson Lake South uranium project. . .we have revised our overall resource estimate upwards by +5 Mlb U3O8 to 34 Mlb U3O8. . .we are maintain our bullish rating for the company."

Joe Mazumdar, Canaccord Genuity (1/15/14) "Fission Uranium Corp.'s released drill assay results from the R390E and R780E zones, specifically from the R780E zone, are a positive (+5 Mlbs to 34 Mlbs) for our resource estimate at the Patterson Lake South (PLS) uranium project. . .we revised our overall resource estimate upwards (+5 Mlb) to 34 Mlb to incorporate the results from the R780E zone where we have modeled ~5 Mlb grading 1.8% U3O8. . .[PLS] is one of the most attractive uranium projects in the hands of a junior since Hathor Exploration's Roughrider project."

Heiko Ihle, Euro Pacific Capital (1/15/14) "Fission Uranium Corp. once again confirmed strong progress at its R390E and R780E zones at Patterson Lake South (PLS), both of which include sizable high-grade intervals at shallow depth. All six holes intersected high-grade intervals of mineralization. Both zones remain open in all directions. . .we maintain our Buy recommendation and remain optimistic on the asset's future potential, as management continues to exceed expectations at PLS."

Joe Mazumdar, Canaccord Genuity (1/15/14) "Fission Uranium Corp.'s released drill assay results from the R390E and R780E zone, specifically from the R780E zone, are a positive (+5 Mlb to 34 Mlb) for our resource estimate at the Patterson Lake South uranium project. We are maintaining our Speculative Buy rating."

Rob Chang, Cantor Fitzgerald (1/15/14) "Given the consistent strong drilling results, we continue to view Fission Uranium Corp. as being undervalued based on the application of the precedent transaction multiple of $9/lb to our estimate, which yields a value of $2.69/share. We reiterate our Buy recommendation and note that the company is one of our top picks in the uranium space."

Haywood Securities (1/14/14) "Fission Uranium Corp. has now completed its acquisition of Alpha Minerals Inc. and the planned spinout of the vast majority of its non-Patterson Lake South (PLS) assets, to effectively consolidate a 100% interest in the PLS uranium exploration play on the western perimeter of the Athabasca basin. . .the company furthered bolstered its financial position, raising gross proceeds of $12.87M (flow through), leaving Fission with significant cash to embark on its aggressive, approximately 30,000m winter 2014 drill program."

Joe Mazumdar, Canaccord Genuity (1/13/14) "Fission Uranium Corp. announced it has begun a radon-in-water survey program at the Patterson Lake South (PLS) project in the southwest Athabasca Basin. Radon-in-water surveying is a crucial component in the exploration process at PLS and will help prioritize drill targets for future programs. We are maintaining our Speculative Buy rating."

Colin Healey, Haywood Securities (1/13/14) "Fission Uranium Corp. has now completed its acquisition of Alpha Minerals Corp. and the planned spinout of the vast majority of its non-Patterson Lake South (PLS) assets to effectively consolidate a 100% interest in the PLS uranium exploration play in the Athabasca Basin. . .the company further bolstered its financial position by raising gross proceeds of $12.87M, leaving it with significant cash to embark on its aggressive 2014 winter drill program."

Raymond James (1/10/14) "In late December, Fission Uranium Corp. released assay results from 11 holes at its 100%-owned Patterson Lake South project. . .incorporating the assay data boosts our contained metal estimate to 36 Mlb U3O8. . .we estimate a further 2–4 Mlb could be added to our contained metal estimate via the release of the remaining 17 holes over the coming weeks."

M Partners (12/30/13) "Fission Uranium Corp. reported assay results for one hole drilled on the R945E zone at Patterson Lake South that returned strong mineralization at shallow depth over several wide intervals, yielding 3.99% U3O8 over 17m, including a higher grade interval of 18.52% U3O8 over 3.5m. The zone remains wide open in all directions. The company's winter 2014 drill program will continue to explore the high-grade expansion on the eastern side of R945E as it works to eliminate the distance between zones to the west."

Rob Chang, Cantor Fitzgerald (12/30/13) "Fission Uranium Corp. has announced assay results for one drill hole located in the R945E zone and two drilled on the R1155E zone. The latter two holes confirm that R1155E is the seventh mineralized zone at Patterson Lake South. . .the assay result from the R945E zone expanded it to the south while the R1155E assay holes have added yet another zone to what is emerging to be a world-class uranium discovery. . .given the continued positive drilling results, we continue to view the company as being undervalued. . .we reiterate our Buy recommendation and note that Fission Uranium is one of our top picks."

Joe Mazumdar, Canaccord Genuity (12/30/13) "Fission Uranium Corp. reported results from three holes at its Patterson Lake South project. The results are positive as they confirm R945E as the fifth zone of U3O8 mineralization along the ~1.7 km east-northeast-trending PL3B conductor, which includes R00E, R390E, R585E and R780E zones. We maintain our Speculative Buy recommendation."

Rob Chang, Cantor Fitzgerald (12/23/13) "Fission Uranium Corp. has released additional assay results that have significantly increased our resource estimate to about 90M lbs U3O8. . .in addition, the new assays from R390E have significantly increased our estimated dimensions for the zone as it now spans 263m by 45m. . .we continue to view the company as being undervalued. . .it is one of our top picks."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/19/13) "All early signs from this drilling suggest that Fission Uranium Corp.'s Patterson Lake South (PLS) has a great chance to become the Athabasca basin's next elephant-sized uranium project. With money in the bank and a portfolio streamlined to focus on developing PLS, the company has the potential to be a blockbuster in 2014; it continues to be a Buy."

David Sadowski, Raymond James (12/18/13) "We strongly urge investors to bolster positions in Fission Uranium Corp. Assays further corroborate the strength of the mineralizing system at Patterson Lake South and underline significant exploration upside. Aggressive exploration resumes early January."

Joe Mazumdar, Canaccord Genuity (12/18/13) "Fission Uranium Corp.'s R945E zone returned positive results. . .drilling has delineated a 15m strike length at the zone with encouraging results, such as 14m grading 7.91% U3O8, which is a positive for resource growth. . .Patterson Lake South's near-surface and high-grade uranium mineralization can potentially be extracted with lower relative technical risk (open pit mining) than other major projects in the basin. It is one of the most attractive uranium projects in the hands of a junior."

David Talbot, Dundee Capital Markets (12/18/13) "High-grade mineralization remains wide open at the eastern end of Fission Uranium Corp.'s Patterson Lake South. . .we continue to recommend the company as a Buy. . .with 57% of the trend in still untested in between the known extremities of the system, we believe that pounds might be added quickly, especially with high-grade intercepts standing wide open as we find today."

Brent Cook, Exploration Insights (12/15/13) "Fission Uranium Corp. received final approval for the plan of arrangement whereby shareholders of Fission Uranium will get one share of Fission 3.0 for each share of Fission owned. . .Fission 3.0 has six early-stage uranium projects in the Athabasca Basin. Patterson Lake North is the most advanced, and is being explored via a joint venture with Azincourt Resources."

Rob Chang, Cantor Fitzgerald (12/10/13) "Fission Uranium Corp. and Alpha Minerals have announced the closing of their respective plans of arrangement. . .this is the best case scenario for Fission Uranium and Alpha investors as a 100%-ownership structure of Patterson Lake South allows for legitimate acquisition interest. Moreover, the combined capitalization of the two companies into one will move Fission Uranium onto the radar screens of some investors with minimum market capitalization limits. . .we are maintaining our BUY(Speculative) recommendation on Fission Uranium."

David Sadowski, Raymond James (12/9/13) "We are upgrading Fission Uranium Corp. to a Strong Buy and increasing our target to $2. . .we urge investors to buy shares of Fission. Not only do we view the company's now wholly owned Patterson Lake South as the most exciting and 'mineable' junior-controlled uranium asset globally, but the company is well-run, cashed-up and poised to take advantage of the project's superb exploration upside with resumption of drilling early January. . .PLS is the last known high-grade, easily open-pittable uranium asset left unmined in the world and has potential to host one of the lowest cash cost uranium operations."

David Talbot, Dundee Capital Markets (12/2/13) "We continue to recommend Fission Uranium Corp. as a Buy. Shareholders and the courts have approved the agreement that allows Fission to acquire Alpha Minerals Inc.'s 50% ownership in Patterson Lake South (PLS), while spinning out any non-PLS assets into the new Fission 3.0 Corp. . .we believe this new spinout company will generate value for Fission Uranium's shareholders. Fission 3.0 will have an excellent suite of properties, with joint ventures funding exploration at Patterson Lake North and Clearwater West, and a top-notch exploration team responsible for developing PLS."

Brent Cook, Exploration Insights (12/1/13) "Fission Uranium Corp. received final approval for the plan of arrangement whereby the company's shareholders will get one share of Fission 3.0 Corp. (Spinco) for each share of Fission Uranium owned. . .the Spinco starts life with the same management and technical team as its parent company, plus $3M cash. Fission 3.0 will have two joint ventures located along the western Athabasca Basin and will begin trading on December 10, 2013."

Vivien Diniz, Resource Investing News (11/29/13) "Fission Uranium Corp. is looking forward to moving ahead with its winter program. . .with roughly 200 holes drilled by the summer, the company aims to release a resource estimate for Patterson Lake South sometime before fall, 2014. Fission's new spinoff, Fission 3.0 Corp., will carry on the parent company's legacy of finding properties and developing promising projects with partners."

Rob Chang, Cantor Fitzgerald (11/27/13) "Fission Uranium Corp. and joint venture partner Alpha Minerals have announced the completion of the final 11 holes from their summer drilling program at Patterson Lake South. . .the final set of results tested land-based targets west of the initial discovery zone (R00E). While two holes encountered mineralization that led to the expansion of the newly identified R600W zone, holes located west of the R00E have yet to produce the world-class results found to the east. While not ideal, we note that exploration to the west of R00E has been limited to date and highly mineralized results may yet be found in upcoming exploration programs."

Joe Mazumdar, Canaccord Genuity (11/27/13) "Our forecast cash position for the merged entity of Fission Uranium Corp. and Alpha Minerals Inc. (CA$45M) should be sufficient to advance the Patterson Lake South (PLS) project through another couple of drill programs. . .and potentially deliver a resource estimate in the latter part of 2014. . .PLS' near-surface and high-grade uranium mineralization can potentially be extracted with lower relative technical risk (open-pit mining) than other major projects in the basin. . .we suggest that the PLS area has the potential to delineate an equivalent critical mass (~50 Mlb U3O8) to justify a stand-alone plant on the western side of the Athabasca Basin for a potential suitor."

Brent Cook, Exploration Insights (11/17/13) "To date, Fission Uranium Corp. has discovered seven zones of uranium mineralization along a 1.7-km trend. The mineralization is relatively shallow and most of it probably amenable to open pit mining—a big advantage. . .the company's hit rate has been exceptional, which I think is indicative of what will turn out to be a large, high-grade deposit."

Heiko Ihle, Euro Pacific Capital (11/14/13) "Fission Uranium Corp. announced assay results from five holes within Zone R390E at its Patterson Lake South (PLS) project. . .Fission confirmed strong growth of the R390E zone that included wide intervals with promising grade at shallow depth. . .PLS13-085 intersected multiple intervals, including 22m of 0.93% U3O8 from 82.5m to 104.5m. . .given recent strong assay results, our 80 Mlb estimate appears increasingly more conservative. . .we believe that PLS will eventually get built into an operating mine. . .while the development keeps progressing, we may potentially increase our uranium resource estimates as we develop a better understanding of the project."

Heiko Ihle, Euro Pacific Capital (11/14/13) "Fission Uranium Corp. confirmed strong growth of the R390E zone that included wide intervals with promising grade at shallow depth. . .we highlight that given recent strong assay results, our 80 Mlb estimate appears increasingly conservative. . .we believe that while the development keeps progressing, we may potentially increase our uranium resource estimates and as we develop a better understanding of the project as a whole."

Morning Coffee (11/13/13) "Fission Uranium Corp. and Alpha Minerals reported results from land drilling 525m grid west of the original Patterson Lake South (PLS) discovery hole at R00E; Canaccord Genuity Mining Analyst Joe Mazumdar highlights that overall, results were a positive as the drilling extends the potential of the PL3B conductor to 1.7km. The current drill program has another few holes planned and may exceed its current planned meterage; Mazumdar suggests that the PLS area has the potential to delineate an equivalent critical mass to justify a standalone plant on the western side of the Athabasca Basin for a potential suitor."

Rob Chang, Cantor Fitzgerald (11/12/13) "Fission Uranium Corp. and joint-venture partner Alpha Minerals Inc. have announced an additional two drill hole scintillometer results from the newly discovered sixth mineralized zone (R600W) at Patterson Lake South. . .since zone R600W's discovery just last week, we can see that the mineralization is expanding with stronger radioactivity and at a more shallow depth than the initial zone discovery hole. Scintillometer results include a 0.05m horizontal vein of semi-massive pitchblend with accompanying off-scale (>9999 cps) radioactivity.”

Rob Chang, Cantor Fitzgerald (11/4/13) "Fission Uranium Corp. and joint venture (JV) partner Alpha Minerals Inc. have announced the discovery of a sixth mineralized zone at Patterson Lake South (PLS). . .while a great deal of positive news flow has come from the PLS JV over the past few months we believe the market is significantly undervaluing the project. . .with more assays coming that would certainly increase our estimate and the knowledge that the large intercepts in each zone would not abruptly turn to zero in step-out drilling, we believe there is tremendous upside potential to the tune of between 100–250 Mlb U3O8."

Joe Mazumdar, Canaccord Genuity (11/4/13) "Fission Uranium Corp. reported results from land drilling 525m grid west of the original discovery hole at R00E: overall a positive, as the drilling extends the potential of the PL3B conductor to 1.7km (+0.5km). . .the program will make this area a priority going forward. . .the Patterson Lake South's near-surface and high-grade uranium mineralization can potentially be extracted with lower relative technical risk (open-pit mining) than other major projects in the basin. It is one of the most attractive uranium projects in the hands of a junior since Hathor Exploration's Roughrider project, which was acquired by Rio Tinto for CA$654M."

Joe Mazumdar, Canaccord Genuity (10/25/13) "Fission Uranium Corp. reported the close of the previously announced private placement for gross proceeds of CA$12.9 M. We are reiterating our Speculative Buy rating. . .the low-technical-risk Patterson Lake South uranium project, in our opinion, is the 'go-to' name in the junior uranium sector that is best levered to a long-term bullish demand scenario led by the Chinese market."

Rob Chang, Cantor Fitzgerald (10/24/13) "Since our July 16 update, Fission Uranium Corp. has gained 28.4%, outperforming the U3O8 spot price, which declined by 6.9% in the same time frame."

The Mining Report Interview with John Kaiser (10/22/13) "A big discovery event in the past year is the Patterson Lake South discovery in the Athabasca Basin by Fission Uranium Corp. and Alpha Minerals Inc. This is a classic high-grade unconformity type of uranium deposit with grades of up to 20% uranium. The size of this discovery is stimulating interest in the potential for a new Athabasca Basin area play." More >

Rob Chang, Cantor Fitzgerald (10/16/13) "Fission Uranium Corp. and Alpha Minerals Inc. have completed the barge portion of the summer drilling program at Patterson Lake South. . .the barge-based lake drilling has been extremely successful as it has seen a 100% mineralized hit rate."

Heiko Ihle, Euro Pacific Capital (10/16/13) "Fission Uranium Corp. and Brades Resources Corp. announced the signing of a letter of intent for Brades to acquire an interest in Fission's Clearwater West project. . .Brades has agreed to pay exploration expenditures of up to $5M on or before October 14, 2016, and issue Fission 9.9% of the then issued common shares of Brades on the closing date. . .Fission's management and technical team has a track record consisting of two successful discoveries with high-grade mineralization in the region, and we expect the team to unlock any potential value of the Clearwater West project. We believe this transaction gives Fission upside potential without additional capital expenditure requirements."

Rob Chang, Cantor Fitzgerald (10/15/13) "Fission Uranium Corp. and Brades Resource Corp. have announced a signed letter of intent for a property option agreement whereby Brades will spend $5M over three years to earn up to a 50% interest in the Clearwater West project located adjacent to the south of the Patterson Lake South project. . .Fission will retain a 2% net smelter royalty on the project and will be the operator of the project."

Brent Cook, Exploration Insights (10/13/13) "Fission Uranium Corp. announced the intersection of 144m of uranium mineralization at the R940E zone at the far eastern end of the Patterson Lake South discovery in the Athabasca Basin. This is apparently the longest mineralized interval intersected on the property, and included a composite of 8m with off-scale scintillometer readings. The drill hole, PLS13-099, is located 15m east of a previous drill hole that returned 18m of radioactivity. R940E is the fifth zone of uranium mineralization discovered along the 1.03km-long geophysical and coincident radon anomaly. . .the company will begin drill testing on-land anomalies while it waits for freeze-up to start the winter campaign."

Heiko Ihle, Euro Pacific Capital (10/9/13) "Fission Uranium Corp. announced the results from a new hole located in the R945E zone at its Patterson Lake South (PLS) project. . .drill results of the new hole hit a record high of 144m in total mineralization for a single drill hole, including substantial off-scale mineralization. . .the encouraging results at the R945E Zone represent great potential for further eastward development. . .we continue to believe PLS has the potential to become one of the largest uranium projects in the Athabasca region."

Jeb Handwerger, Gold Stock Trades (10/7/13) "Fission Uranium Corp. will buy Alpha Minerals Inc. for $185M in order to gain 100% control of the Patterson Lake South project. Many analysts are saying this is the best discovery in the Athabasca Basin, where grades are exponentially higher than the rest of the world. . .if it is able to acquire Alpha, Fission may be building the next Hathor Exploration Ltd., which was taken out for over $650M by Rio Tinto Plc in 2011."

Brent Cook, Exploration Insights (10/6/13) "Fission Uranium Corp. announced a bought-deal, flow-through financing of ~$11.25M, priced at $1.50/share. The pricing represents a 20–25% premium to the market, and adds about 7.5M shares to the merged Fission and Alpha Minerals Inc. when finalized. . .the two companies have completed about 38 holes of uranium discoveries at Patterson Lake South and hope to finish a further 8 before shutting down for the fall. . .once the lake freezes, the company plans to hit it hard, infilling and expanding the four zones discovered to date."

David Talbot, Dundee Capital Markets (9/27/13) "Fission Uranium Corp. announced scintillometer results from an additional eight holes at its R390E zone at Patterson Lake South. . .all holes returned broad, well-defined mineralization. . .three intercepts to the east are also encouraging. . .we expect patient investors to be rewarded with what could become one of the largest uranium deposits to be found in the Athabasca Basin."

Joe Mazumdar, Canaccord Genuity (9/27/13) "Fission Uranium Corp. reported preliminary results from eight holes that tested the western and eastern extensions of R390E. . .the Patterson Lake South uranium project, in our opinion, is the "go-to" name in the junior uranium sector that is best levered to a long-term bullish demand scenario led by the Chinese with low technical and geopolitical risk. . .the Patterson Lake South's near-surface and high-grade uranium mineralization can potentially be extracted with lower relative technical risk than for other major projects in the basin. It is one of the most attractive uranium projects in the hands of a junior since Hathor Exploration's Roughrider project."

Heiko Ihle, Euro Pacific Capital (9/27/13) "Fission Uranium Corp. announced the results for eight additional holes drilled at its Patterson Lake South (PLS) project. . .the additional drilling results expanded the R390E zone to approximately 255m, a 400% increase in strike length. . .we maintain our increasingly conservative-looking estimate of 80 Mlb uranium for the PLS project. We highlight that the shallow nature of the PLS project and the continued successful results of zone-expansion make it an extremely valuable asset. . .management and the exploration team continues to exceed expectations at PLS, while we expect the transaction with Alpha Minerals to close under the current terms in the near future."

Joe Mazumdar, Canaccord Genuity (9/25/13) "Fission Uranium Corp. reported a critical infill hole that confirmed the high grade of PLS13-075 along the extension of the R390E zone at Patterson Lake South. This continuity is a positive for the project and we are maintaining our Speculative Buy recommendation for the company. . .we believe that the Global X Uranium ETF may purchase some Fission Uranium shares in anticipation of its addition to the Solactive Global Uranium Index, which could increase liquidity for the company."

Heiko Ihle, Euro Pacific Capital (9/24/13) "New drill results reported from the R585E zone at Fission Uranium Corp.'s Patterson Lake South project narrow the gap between two mineralized high-grade zones, thereby increasing the deposit's overall potential. . .as the encouraging drill results and high-grade mineralized zones continue, we will possibly increase our resource estimate in the near future. . .the impressive hit-rate of the summer program coupled with the strong success and the (very likely) future 100% ownership of the site once the transaction closes make the company a compelling investment decision."

The Metals Report Interview with Michael Curran (9/24/13) "The focus of attention now is the recent high-grade discovery by the 50-50 joint venture of Fission Uranium Corp. and Alpha Minerals. Fission just recently announced a friendly merger with Alpha. If you take these companies together, the market's valuing their new discovery at around $360M. The previous big discovery in the Athabasca Basin was Hathor Resources, which was bought out in 2012 by Rio Tinto Plc for over $650M. High-grade uranium has certainly been highly rewarded by the market." More >

David Talbot, Dundee Capital Markets (9/23/13) "We continue to recommend Fission Uranium Corp. as a Buy. . .the company announced the discovery of a fifth high-grade zone of mineralization at its 50%-owned (likely soon to be 100%-owned) Patterson Lake South property. . .we continue to be encouraged by this discovery."

Joe Mazumdar, Canaccord Genuity (9/23/13) "Fission Uranium Corp.'s drilling results that indicate more pods of high-grade mineralization [is] a positive. . .Patterson Lake South's near surface and high-grade uranium mineralization can potentially be extracted with lower relative technical risk (open pit mining) than for other major projects in the basin. In our view, it is one of the most attractive uranium projects in the hands of a junior since Hathor Exploration's Roughrider project. . .as the project is derisked further. . .we could potentially see the valuation rise to $10–11/lb U3O8, [which] implies a value of CA$1.90–2.10 for Fission Uranium, a ~50–65% premium to current levels."

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