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 (10/12/16)
"We recommend Fission Uranium Corp. with a BUY and C$2.20 target. . .assays for another seven holes were released overnight, highlighting further high-grade intersections at both the far east (R1620E zone) and west (840W Zone) ends of known mineralization. All holes demonstrate strong alteration, mineralization and structure--they host shallow, high-grade U3O8 mineralization, occur beyond existing resource boundaries, and remain open. . .these positive indicators suggest potential to find further uranium along trend; both through expansion of known zones, and via potential discoveries within wide gaps in drilling. . .the R1620E zone returned its highest grades to date."

Two new zones on Fission Uranium's Patterson Lake South property reported high-grade assays, catching the notice of Dundee Capital Markets.
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David Talbot, Dundee Capital Markets (9/26/16)
"Fission Uranium Corp. is outperforming its peers, except for developers. . .Initial results look very good with high grade uranium assays reported from both ends of the 2.63 km PLS trend in the Athabasca Basin. . .Both of these zones occur outside of the current 105.5 MM lbs U3O8 PLS resource boundary. . .We believe that these zones meet the criteria of being "meaningful" and expect resources to grow which may positively impact economics. . .We recommend Fission Uranium with a BUY and a target of C$2.20, based on a 0.8x multiple applied to our 10% DCF model."

Heiko Ihle, Rodman & Renshaw (8/26/16)
"Fission Uranium announced results from the final 11 exploration holes of its summer drilling program at PLS. . .it uncovered three additional targets that should warrant further drilling. . .the program at R840W successfully merged two zones into a single, larger zone. . .drill holes at both ends of the trend indicate that the trend is open, which leads us to believe an increase in resources is probable in 2017. . .we continue to view Fission as a takeout target and expect the firm to continue to aggressively drill the project in order to expand PLS' resource base prior to a takeout occurring."

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."

More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Eric Coffin, Owner – HRA Advisory
Jeb Handwerger, Author Gold Stock Trades
Wayne Hewgill, Analyst – Mackie Research Capital
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)
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