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:

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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Rob Chang, Cantor Fitzgerald (3/20/17)
"Fission Uranium Corp. has announced the discovery of a new mineralized zone (R1515W). . .situated 510m to the west of the R840W zone, drill hole PLS17-539 intersected a 31m continuously mineralized interval, thus extending the mineralized trend at Patterson Lake South to 3.14 km in total (an increase from 2.63 km). Follow-up drilling is being planned for with the intent to grow the new zone."

Alexander Peace, BMO Capital Markets (3/20/17)
"We continue to like Fission Uranium Corp. due to its relatively lower risk exposure to one of the largest and near-surface resources in the Athabasca basin. Its CA$50M cash balance means its exploration and development activities are fully funded for the next 18–24 months on our forecasts. . .the near-surface nature of the ore body, cash balance and proven mergers and acquisitions interest warrant a premium, in our view."

Rob Chang, Uranium Investing News (3/16/17)
"Fission Uranium Corp.'s Patterson Lake South is a high-quality asset, has the potential to be open pitted; if the company gets all the permits to do that, it's a low-cost operator in the making. It has a significant world-class resource."

David Talbot, Eight Capital (2/27/17)
"An initial 10 holes of scintillometer results from an expanded 63 hole winter program at Patterson Lake South were provided today. . .identification of a new potential area of uranium mineralization at the far western end of the known mineralized trend appears exciting. This might extend the PLS trend by another 25% or 660m to measure 2.63km strike; further uranium was also intersected at the far eastern R1620E zone."

Rob Chang, Cantor Fitzgerald (2/27/17)
"Fission Uranium Corp. has released 10 scintillometer results from drilling at its wholly owned Patterson Lake South property. . .a new hit located 660m west of the R840W zone highlights potential for a new zone. These are encouraging results as the company continues to explore for large pods of mineralization at the ends of what is already an impressive strike length."

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/17)
"Fission Uranium Corp. is about to embark on an aggressive regional exploration program on its Patterson Lake South uranium project. . .I'm excited about this program, as the company's geologists have already amply demonstrated their ability to turn promising surface showings into a significant, high-grade and near-surface uranium deposit."

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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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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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