Fission Uranium Corp (TSE:FCU)(OTCMKTS:FCUUF) Is Today’s Mining Focus
For the past several years, uranium was not a hot sector for miners. The Fukushima nuclear incident gave nuclear power a bad name and had many countries questioning their commitment to nuclear energy. Lower demand coupled with high supply lead to prices being suppressed for many years.
Now things are turning for uranium. Supply is tightening as demand picks up. Japan is restarting its nuclear power plants. Kazakhstan has cut production. With global warming, there’s a strong push in the developed world for cleaner energy. Since uranium prices have dropped over 80% since the 2007 highs, nuclear power is much cheaper than power from LNG or coal. Combine these factors with a lack of new projects in development and you have a perfect storm in the uranium market. One company looking to take advantage of the situation is Fission Uranium Corp (TSE:FCU)(OTCMKTS:FCUUF).
Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property — host to the class-leading Triple R uranium deposit — and is headquartered in Kelowna, British Columbia. Fission’s common shares are listed on the TSX Exchange under the symbol FCU and trade on the OTCQX marketplace in the U.S. under the symbol FCUUF.
The 31,039 hectare Patterson Lake South project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development.
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