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:

"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."

David Talbot, Dundee Capital Markets (5/17/16)
"Fission Uranium Corp.’s 13,000m winter program discovered the R840W Zone via regional drilling; delineated R600W, and expanded R780E and R1620E. . .five mineralized zones now extend for over 2.58 km of strike extent (up 250m). . .R1620E impresses with 2.6% over 40m incl. 11% over 5m and 7.6% over 3m. We expect resource growth from 106 MM lbs U3O8 to ~140 to 150 MM lbs upon completion of a new estimate. . .we expect a positive PLS PEA update."

Alexander Pearce, BMO Capital Markets (5/16/16)
"Fission Uranium Corp.'s management have a proven track record of resource delivery and a high grade of 1.76% U3O8 totaling 108Mlb (72% indicated, 28% inferred). . .the deposit remains open and has further prospective trends showing mineralisation suggesting upside scalability. . .the recent PEA increases confidence in delivery of an economic project, expected to have low total cost of production in early years of US$25/lb. . .Fission could be attractive for M&A by an established player, or a company looking for a foothold in the basin. . .it has relatively more attractive trading multiples than exploration peers"

David Sadowski, Raymond James (4/18/16)
"Chemical assay results were released from 10 Fission Uranium Corp. holes—2 at the new, on-land R840W zone; 1 at on-land R600W; 2 at R780E; and five on the easternmost R1620E. Results confirmed previously released scintillometer data and included three high-grade holes—8.5m of 2.54% at R840W and 40.0m of 2.64% at R1620E, both of which are outside the current 108 Mlb resource area."

Haywood Securities (4/1/16)
"Fission Uranium Corp. released drill assay results from its PLS property, host to the Triple R deposit, in Canada's Athabasca Basin. . .the latest results are from holes drilled at the R840W and R600W zones. . .also included are infill drill holes from the R780W zone, located within the current Triple R resource. . .the latest results continue to define uranium mineralization beyond the extents of the Triple R resource. . .both the R600W and R840W zones. . .are shallow, land-based targets that could add significantly in terms of tonnage and positive economics to the current resource at Triple R."

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)
Gwen Preston, Founder Resource Maven
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