TICKERS: FCU; FCUUF; 2FU

Uranium Summer Drilling 'Continues to Impress'

Source: Streetwise Reports (8/29/17)

Uranium exploration in the Athabasca Basin has revealed promising results for expansion, two industry analysts say.

FCU's Summer 2017 Drill Program

Fission Uranium Corp. (FCU:TSX; FCUUF:OTCQX; 2FU:FSE) announced on Aug. 23 that it had completed its summer drill program and released the results of the final three drill holes. The company noted that the program tested the "recently discovered, land-based, R1515W zone, where this summer drilling has intersected the widest, mineralization outside of the Triple R Deposit at its PLS property in Canada's Athabasca Basin region."

The company highlighted that the "presence of multiple stacked lenses continues to deliver wide intervals with strong radioactive peaks, at the R1515W zone, which is 2.3km west of the Triple R Deposit's central part of the R780E zone. Of particular note is hole PLS17-566 (line 1545W), which intersected 107.0m total composite mineralization at shallow depth, including 8.03m total composite >10,000 cps."

Fissions drill results were viewed positively by two industry analysts. Heiko Ihle, an analyst with H.C. Wainwright & Co., noted in a company update on Aug. 28 that the summer program had two purposes: "Extension of the recently discovered R1515W zone, and Pre-Feasibility (PFS) level drilling for metallurgical sample collection and geotechnical rock analysis." Drilling at the R1515W zone, Ihle stated, "continues to impress."

"Drilling at the R1515W zone intersected the widest mineralization to date outside of the Triple R Deposit," noted Ihle. "We expect the R1515W zone to remain a primary target for Fission, as further expansion of this zone could have a material impact on the economics of the PLS project."

"We continue to view Fission as a potential takeover target in a stronger uranium market. Further, we highlight that Fission continues to discover new zones, increasing the potential resource at the project," concluded Ihle.

Rob Chang of Cantor Fitzgerald wrote in an update on Aug. 24 that two of the three holes reported "provided continued support for another pod of uranium mineralization at Patterson Lake South. Now that the summer drilling program has concluded, the R1515W zone remains a high priority going forward as it has the potential to enhance the economics of PLS."

The R1515W zone, Chang noted, "is located within the Patterson Lake Corridor along strike to the west of the R840W zone. A total of 15 holes, 12 of which are mineralized, have traced mineralization over a strike length of 92m."

"The current Triple R global resource amounts to 108M lbs. and consists of the R00E and R780E Zones only. An updated resource estimate is expected sometime in 2017," Chang stated.

Read what other experts are saying about:

Fission Uranium Corp.

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Disclosure:
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Fission Uranium Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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Additional disclosures about the sources cited in this article

Disclosures from H.C. Wainwright & Co., Fission Uranium Corp., Company Update, Aug. 28, 2017

I, Heiko F. Ihle, CFA , certify that 1) all of the views expressed in this report accurately reflect my personal views about any and all subject securities or issuers discussed; and 2) no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation or views expressed in this research report; and 3) neither myself nor any members of my household is an officer, director or advisory board member of these companies.

None of the research analysts or the research analyst’s household has a financial interest in the securities of Fission Uranium Corp. (including, without limitation, any option, right, warrant, future, long or short position).

As of July 31, 2017 neither the Firm nor its affiliates beneficially own 1% or more of any class of common equity securities of Fission Uranium Corp..

Neither the research analyst nor the Firm has any material conflict of interest in of which the research analyst knows or has reason to know at the time of publication of this research report.

The research analyst principally responsible for preparation of the report does not receive compensation that is based upon any specific investment banking services or transaction but is compensated based on factors including total revenue and profitability of the Firm, a substantial portion of which is derived from investment banking services.

The Firm or its affiliates did not receive compensation from Fission Uranium Corp. for investment banking services within twelve months before, but will seek compensation from the companies mentioned in this report for investment banking services within three months following publication of the research report.

The Firm does not make a market in Fission Uranium Corp. as of the date of this research report.

Disclosures from Cantor Fitzgerald, Fission Uranium Corp., Aug. 24, 2017

Disclosures are from July 26. Facts may have changed.

Potential conflicts of interest: The author of this report is compensated based in part on the overall revenues of CFCC, a portion of which are generated by investment banking activities. CFCC may have had, or seek to have, an investment banking relationship with companies mentioned in this report. CFCC and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. Although CFCC makes every effort possible to avoid conflicts of interest, readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

The analysts responsible for this research report have, either directly or indirectly, a long or short position in the shares or options of Fission Uranium

The analyst responsible for this report has visited the material operations of Fission Uranium. No payment or reimbursement was received for the related travel costs.

Analyst certification: The research analyst whose name appears on this report hereby certifies that the opinions and recommendations expressed herein accurately reflect his personal views about the securities, issuers or industries discussed herein.

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