Released during January 2010, meaning that much has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio Sign up at caesarsreport.com to receive all reports and alerts live, free of charge.
Price C$ 0.16
Avg. Volume 120,200
Market Cap C$ 6.82M
Sector Mining (Uranium)
Countries Active Canada, Peru
Cash C$ 3.5M
52 Week Low: C$ 0.150 (12/3/2009)
52 Week High: C$ 0.600 (1/19/2009)
Fission Energy Corp. is a Canadian based uranium exploration and development company with properties in Saskatchewan’s Athabasca Basin, Quebec, and the Macusani District in Peru. The Company’s shares were spun-out as a distribution by Strathmore Minerals Corp. portfolios in Saskatchewan’s Athabasca Basin; home of the richest uranium deposits portfolios in Saskatchewan’s Athabasca Basin; home of the richest uranium deposits in the world.
Fission’s most valuable exploration asset is Waterbury Lake KEPCO Consortium Joint Venture, which is located in close proximity to Hathor’s Midwest NE discovery (“Roughrider Zone”) and the AREVA/Denison Midwest deposits. This project has the highest priority. Fission’s 2009 winter exploration program included a ground based gravity geophysical survey, followed by a 6,500m drilling program that began on January 14th. A total of $4.0 million was budgeted for exploration in 2009, which was fully funded by the KEPCO consortium as part of their earn-in agreement.
Positive / Negative
Positive: Cash Position, Joint-Venture with KEPCO
Negative: Uncertainties on exploration programme. This can turn out positive or negative.
Main catalyst for 2010
Winter Drill Program starting January. 20 drill holes totaling an estimated 7,500m
Source — www.marketwire.com/press-release/Fission...
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Disclosure: We hold a Long position in Fission Energy Corp., this means we are biased, so please do your own research. Educational use only, not intended as advice.