![]() In September, 2019, the company released the results of a pre-feasibility study (PFS) for an underground-only mining scenario at Patterson Lake South. (Fission or the Company) is pleased to announce the closing of a US10 million senior secured credit facility (the Facility) with Sprott Resource. Sprott identifies AthabascaBasins Fission Uranium (TSX: FCU OTC: FCUUF) as most significantly undervalued of the three largest high grade projects. may exercise its right to maintain its pro rata interest in Fission by participating in the offering, or buy purchasing in a private placement, units at the offering price which will increase the gross proceeds to the company.įission holds a 100% interest in the advanced high grade, Triple R uranium deposit on the south-western edge of Saskatchewan’s Athabasca Basin, on Fission’s Patterson Lake South property. In addition, the company said Hong Kong-based nuclear energy company CGN Mining Co. Fission Uranium Corp (TSX: FCU) - which has the Patterson Lake South uranium project in. Fission is a Canadian company with an exciting uranium project in the Athabasca Basin of Saskatchewan, Canada. The Sprott Physical Uranium Trust has continued its buying spree. One uranium miner that has spiked 78 higher the past two weeks is Fission Uranium Corp. The underwriters have been granted an over-allotment option to purchase an additional 15% of the units offered in the financing for a period of 30 days after the closing date, which is expected to be November 17, 2020. Uranium prices have skyrocketed higher the past 3 weeks Uranium US 28.70/lb. Mine can open once spotprice hits 55, for denison it’s 50 spotprice. Global X Uranium ETF (URA) provides investors access to a broad range of uranium. ![]() Each whole warrant is good to buy one common share for 41 cents for 24 months after the date of closing. Fission is the mine next to nextgen, can be a semi open pit for the mining since the uranium is not so deep in the ground. See the company profile for Fission Uranium Corp (FCU-T) including business summary, industry/sector information. In connection with the offering, the company has struck a deal with a syndicate of underwriters that will be co-led by Eight Capital and Sprott Capital Partners. Each unit will consist of one common share and one half of a common share purchase warrant. The shares are currently trading in a 52-week range of 49 cents and $0.095. and Sprott Private Resource Lending 11 (Collector), LP.įission shares fell on the news, sinking 15.8% or $0.05 to 26.5 cents on volume of 1.4 million. Net proceeds will be used to fund further developing at the company’s Triple R uranium deposit in Saskatchewan and to repay certain amounts owing under a credit facility to Sprott Resources Lending Corp. ![]() is the Distributor for the Sprott Uranium Miners ETF and is a registered broker-dealer and FINRA Member. Fission Uranium Corp. said Monday October 26 that it is raising $15 million from a bought deal offering of 54.5 million units priced at 27.5 cents per unit. CA33812R1091: FCU CN: B94QMQ6: 32,541,600: 2.22: Encore Energy Corp.
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