Fission 3.0 Stakes Two New Uranium Projects in the Athabasca

Fission 3.0 Corp. (TSX-V: FUU)(NASDAQ: FISOF), currently trading around C$0.25 per share in a rising uranium market, has staked two new properties — Grey Island and Flowerdew — bringing its total number of uranium exploration properties in Canada’s prolific Athabasca Basin region to sixteen and covering more than 200,000 hectares.

The Grey Island and Flowerdew projects are both situated in geologically prospective areas near the Athabasca Basin margins with the potential to host shallow high-grade uranium mineralization.

Grey Island: 10 claims totaling 12,023 hectares in the southeast area of the Athabasca Basin and located halfway between the Key Lake Mine and Cameco's Centennial uranium deposit.

Flowerdew Lake: 4 contiguous claims totaling 5,667 hectares covering an area approximately 13 km x 4 km and located along the regional geological trend to the northeast of the Rabbit Lake, Eagle Point, and Collins Bay uranium mines.

As noted, the Fission 3.0 team, led by CEO Dev Randhawa, has put together an impressive uranium portfolio of 16 properties in Canada's prolific Athabasca Basin region — the #1 highest-grade depository of uranium on the planet.

This was all accomplished during uranium’s post-Fukushima downturn which sent the price of uranium reeling for a full decade.

fission 3.0 map

Today, with the price of uranium in a sustained uptrend, Fission 3.0 is well-positioned to deploy its project generator strategy of optioning out certain properties via joint venture while advancing other projects — such as its flagship PLS area projects — on its own.

As part of that strategy, earlier this month, Fission 3.0 announced that Traction Exploration Inc. (CSE: TRAC) has entered into an LOI to acquire up to a 70% interest in the 10,600-hectare Hearty Bay Project [located within FUU’s Beaverlodge Area Projects] and the 1,800-hectare Lazy Edward Project [situated within FUU’s Key Lake Road Area Projects].

With a robust portfolio of sixteen Athabasca-based uranium exploration projects in a strong uranium market — speculators can expect plenty of news flow from Fission 3.0 over the coming quarters.

Please bookmark our page dedicated to Fission 3.0 as it's routinely updated with news, interviews, and much more.

And don't miss this brand new feature report on Fission 3.0!

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Mike Fagan
Editor, Resource Stock Digest

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