Fission Uranium Corp. is a Canadian-based uranium exploration company with a new, major discovery at Patterson Lake South (PLS) in Canadas Athabasca Basin, home to the worlds richest source of high grade uranium. Additional properties are held on the Western side of the Athabasca Basin as well... More
Tuesday, Dec 1010:49 AMFission Uranium looks like a takeover target following Alpha deal
Tuesday, Dec 1010:49 AM| Comment!
- Fission Uranium (FCUUF) completed its acquisition of Alpha Minerals, giving it full ownership of the Patterson Lake South discovery in Saskatchewan's Athabasca Basin, which Raymond James considers the last known "high-grade, easily open-pittable uranium asset left un-mined in the world," and which should operate with extremely low cash costs with plenty of exploration upside.
- Such attributes make it a top takeover target for the Basin's existing major producers, miners considering a Basin foothold, or even Asian nuclear utilities, the firm says: "Assuming exploration momentum continues, we would be surprised if a bid did not materialize in the next two years."
Tuesday, Sep 35:32 PMUranium juniors Fission, Alpha Minerals agree to merge
Tuesday, Sep 35:32 PM| Comment!
- Fission Uranium (FCUUF.OB) agrees to acquire Alpha Minerals (ESOFF.PK) for $185M in stock, attempting to create a potential takeover target that could appeal to a larger producer such as Cameco (CCJ) or Areva (ARVCF.PK).
- The junior miners have been releasing impressive drilling results from their Patterson Lake South project in Saskatchewan's Athabasca Basin.
Wednesday, Jan 162:49 PMAmong the Fission Energy assets being acquired by Denison (DNN +3.4%) is a 60% stake in the Waterbury Lake uranium project, part of a deposit attached to Rio Tinto’s (RIO -1.9%) Roughrider deposit - which Cantor Fitzgerald says "ties a neat bow on top of Denison for a potential takeout offer" from RIO. The analyst also considers Cameco (CCJ -1.2%) a potential source of a competing offer for Fission. |Wednesday, Jan 162:49 PM| Comment!
Wednesday, Jan 168:38 AMDenison Mines (DNN) will acquire a portfolio of uranium exploration projects from Fission Energy (FSSIF.PK), including Fission's 60% interest in the Waterbury Lake uranium project, as well as exploration interests in the eastern part of the Athabasca Basin, plus assets in Namibia, Quebec and Nunavut. |Wednesday, Jan 168:38 AM| Comment!