Fission Uranium Corp.
The advanced PLS project is a proposed high-grade uranium mine and mill in Canada's Athabasca Basin region. It is backed by a feasibility study showing industry leading economics and minimal environmental impact. Senior management includes the uranium sector's most successful geologists and mine engineers, and the Company has built strong relationships with all key stakeholders.
Nuclear energy is globally recognized as a crucial source of clean power and, as the world's reactor fleet continues to grow, so too does the demand for uranium . PLS is one of the few uranium projects advanced and economical enough to enter production this cycle. With a robust feasibility study in place, and over a decade of environmental baseline studies established, the Company is moving through the environmental impact assessment phase towards a construction decision.
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Clear Potential for Low Cost Production
OPEX
C$ 13.02 per lb U3081
After-Tax Cash Flow:
C$M 2,7871
After-Tax NPV 8%
C$M 1,2041
After-Tax IRR
27.2%1
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Triple R Deposit: Current Resource Estimate
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114.9 Million lbs. U3O8 Indicated2
(2,688,000 tonnes at average grade of 1.94% U3O8)
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15.4 Million lbs. U3O8 Inferred2
(635,000 tonnes at an average grade of 1.10% U3O8)
1Technical report on the Feasibility study on the Patterson Lake South property using underground mining methods, Northern Saskatchewan, Canada
2Mineral Resources are reported at a cut-off grade of 0.24% U3O8
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Expansion Potential
Triple R Deposit remains open in all directions and at depth
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Large, shallow, high-grade deposit
Resource estimate of Indicated 114.9M lbs U3O8 at 1.94% U3O8 and Inferred 15.4M lbs U3O8 at 1.10% U3O8. High-grade core starts just 50m from surface.
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Potential to be one of the world’s lowest cost uranium mines
January, 2023 FS outlines probable reserves of 93.7M lbs U3O8 at an average grade of 1.41% U3O8
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Significant resource growth potential
Triple R Deposit is open in multiple directions.
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World class uranium district
Saskatchewan, Canada is consistently ranked as one of the world’s best jurisdictions for mining investment in 2018 by the Fraser Institute.
Grade: 10 to 20 times Global Average.
Global Supplier: 60+ years of uranium mining.
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Award winning Team
CEO and technical team have discovered two world class uranium deposits and won multiple industry awards. CEO, Ross McElroy, spent many years with the Majors, advancing and developing uranium projects.
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Strategic partnership with CGN
China General Nuclear Mining made a strategic investment of C$82M in Fission Uranium
CGN is one of two major nuclear power companies in China
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Untapped exploration potential
Approximately 80% of 31,039 ha property, which is 5 times the size of Manhattan Island, remains unexplored. 100’s of potential drill targets have been identified.
