Fission

Global Uranium Production to Increase as Prices Are Expected to Hit a 15 Year High

Retrieved on: 
Tuesday, April 2, 2024
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It added: "Kazakhstan is expected to deliver the highest uranium production growth in 2024, GlobalData says, driven by the planned higher output from the country’s largest uranium producer Kazatomprom.

Key Points: 
  • It added: "Kazakhstan is expected to deliver the highest uranium production growth in 2024, GlobalData says, driven by the planned higher output from the country’s largest uranium producer Kazatomprom.
  • The continuous ramp-up of Canada’s McArthur River uranium mine will also contribute to the global increase, it adds.
  • Despite a 5.1% dip in output in 2023 due to planned lower production from Kazatomprom, its output is expected to recover in 2024, with forecast production of 23.2kt.
  • It continued: “Meanwhile, global uranium production in 2024 will be further bolstered by continuous ramp-up of Canada’s McArthur River, which is aiming to produce 6.9kt of uranium (8.2kt of U3O8) for 2024.

Traction Uranium Announces Mobilization of Gravity Crew to Hearty Bay Project

Retrieved on: 
Monday, January 8, 2024
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CALGARY, Alberta, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTCQB: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) a uranium exploration company with projects in Saskatchewan’s Northern Athabasca Basin, is pleased to announce mobilization of a gravity crew to the company’s Hearty Bay Project.

Key Points: 
  • CALGARY, Alberta, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTCQB: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) a uranium exploration company with projects in Saskatchewan’s Northern Athabasca Basin, is pleased to announce mobilization of a gravity crew to the company’s Hearty Bay Project.
  • Traction will be conducting a gravity survey on Hearty Bay prior to diamond drilling to maximize targets for this winter’s program.
  • The Hearty Bay Project is an ice-road program and suitable ice thickness must be achieved prior to mobilizing drilling equipment over the ice.
  • The gravity survey crew is currently mobilizing to Fond du Lac as ice thickness is enough to allow snowmobiles to access the project.

GOLDMINING TO ADVANCE THE REA URANIUM PROJECT, ONE OF THE LARGEST LAND PACKAGES IN WESTERN ATHABASCA BASIN, CANADA

Retrieved on: 
Monday, December 4, 2023
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The Rea Project is owned 75% by the Company and 25% by Orano Canada Inc. ("Orano").

Key Points: 
  • The Rea Project is owned 75% by the Company and 25% by Orano Canada Inc. ("Orano").
  • The large land package of approximately 125,328 hectares surrounds Oranoꞌs high-grade Dragon Lake deposit on the Maybelle River project.
  • The Rea Project surrounds Orano's Maybelle River project that hosts shallow (
  • Northeastern Alberta, Canada", dated effective September 12, 2014 (the "Rea Report"), for details on the Rea Project.

Fission Closes $9.2 Million Bought Deal Financing

Retrieved on: 
Wednesday, October 4, 2023
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KELOWNA, BC, Oct. 4, 2023 /CNW/ - FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that it has closed its previously announced "bought deal" public offering consisting of 7,731,092 flow-through common shares of the Company (the "Flow-Through Shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), at a price of C$1.19 per Flow-Through Share for gross proceeds of C$9.2 million, inclusive of the full exercise of the over-allotment option held by the Underwriters (the "Offering").

Key Points: 
  • KELOWNA, BC, Oct. 4, 2023 /CNW/ - FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that it has closed its previously announced "bought deal" public offering consisting of 7,731,092 flow-through common shares of the Company (the "Flow-Through Shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), at a price of C$1.19 per Flow-Through Share for gross proceeds of C$9.2 million, inclusive of the full exercise of the over-allotment option held by the Underwriters (the "Offering").
  • Canaccord Genuity Corp. and SCP Resources Financing LP acted as co-lead underwriters on behalf of a syndicate of underwriters including Eight Capital and Red Cloud Securities (collectively, the "Underwriters").
  • All Qualifying Expenditures will be renounced in favour of the subscribers effective December 31, 2023.
  • The Offering was completed pursuant to a prospectus supplement to the Company's base shelf prospectus dated November 10, 2021.

Standard Uranium Provides Corporate Update; Announces Expansion of Existing Land Holdings and Staking of Corvo Project in Eastern Athabasca Basin

Retrieved on: 
Friday, August 18, 2023
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Elevated radioactivity measured in boulders, outcrop, and drilled rock coupled with the geochemical anomalies present on the Corvo project indicate high potential for uranium mineralization.

Key Points: 
  • Elevated radioactivity measured in boulders, outcrop, and drilled rock coupled with the geochemical anomalies present on the Corvo project indicate high potential for uranium mineralization.
  • The staking of the Corvo Project is part of the Company’s strategy to increase its landholdings in the infrastructure-rich eastern Athabasca Basin of Saskatchewan, Canada.
  • Standard Uranium holds a 100%-interest in the 19,604-hectare Sun Dog project along the northwestern edge of the Athabasca Basin (Figure 5).
  • Standard Uranium holds a 100%-interest in the Ascent project which straddles the eastern boundary of the Athabasca Basin.

Kiplin Metals Submits Exploration Permits for the Cluff Lake Road (“CLR”) Uranium Project in Saskatchewan

Retrieved on: 
Thursday, May 18, 2023
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VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- Kiplin Metals Inc. (TSX-V: KIP) (the "Company" or "Kiplin") announces the submission of exploration permits for its upcoming summer exploration program at its key Cluff Lake Road (CLR) uranium project .

Key Points: 
  • VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- Kiplin Metals Inc. (TSX-V: KIP) (the "Company" or "Kiplin") announces the submission of exploration permits for its upcoming summer exploration program at its key Cluff Lake Road (CLR) uranium project .
  • The permits are currently under review by the Saskatchewan Ministry of Environment for approval.
  • The CLR property is situated adjacent to F3 Uranium Corp.'s ("F3") (previously known as Fission 3.0) prominent Paterson Lake North (PLN) project.
  • The JR uranium zone represents the newest basement-hosted uranium deposit in the Athabasca, similar to the Triple R uranium deposit owned by Fission Uranium Corp.
    Kiplin's summer program, contracted to Grander Exploration , will involve geophysical surveying focused on the central part of the property.

Fission Hires Environment and Regulatory Expert to Lead Environmental Assessment Process

Retrieved on: 
Monday, January 23, 2023
Safety, Mining, Health, Environmental manager, PLS, Environment, Environmental issues, Environmental impact assessment, Environmental impact statement, Science, Uranium mining, Cigar Lake Mine, Cameco, Fission

Mr. Pryznyk is an environment, health and safety professional with two decades of experience working in Saskatchewan, including 15 years in mining.

Key Points: 
  • Mr. Pryznyk is an environment, health and safety professional with two decades of experience working in Saskatchewan, including 15 years in mining.
  • Much of that experience was gained working for uranium producer, Cameco, where he held positions in environmental management and regulatory affairs at Cigar Lake mine during construction and operation.
  • In this important role, Mr. Pryznyk will lead Fission's Environmental Assessment process, the submission of the Environmental Impact Statement, and the subsequent licensing and permitting of the project through to construction and production.
  • Mr. Pryznyk will be an excellent addition to the Fission technical team as we continue through environmental assessment and permitting phase of development at PLS and beyond."

Fission Announces Tier 1 Economics for PLS with Feasibility Study: Lower Initial CAPEX, Increased Mine Life, NPV and IRR

Retrieved on: 
Tuesday, January 17, 2023
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These impressive FS results further enhance the robust economics outlined in the 2019 pre-feasibility study (the "PFS").

Key Points: 
  • These impressive FS results further enhance the robust economics outlined in the 2019 pre-feasibility study (the "PFS").
  • Of additional note, initial CAPEX is marginally lower (~2%) than the PFS for a total of $1.155B – a remarkable achievement given current global inflation.
  • The results confirm the economic strength of the PLS project as well as its minimal environmental footprint.
  • With nuclear energy and the uranium sector strengthening year on year, Fission is ideally positioned to continue developing PLS through the environmental assessment and licensing phase.

Stallion Gold to Acquire Hathor Exploration Ltd. and More Than Double Athabasca Basin Land Package

Retrieved on: 
Thursday, January 12, 2023
Athabasca Basin, Fission, Heart, Transaction, PLN, STUD, Stallion, NexGen, Rough Riders, OTCQB, Acquisition, U92, Arrow, The Company, Security (finance), Uranium, Basin, Hathor

Hathor owns 17 mineral claims that are held strategically throughout the Athabasca Basin, home to some of the world’s largest high grade uranium deposits.

Key Points: 
  • Hathor owns 17 mineral claims that are held strategically throughout the Athabasca Basin, home to some of the world’s largest high grade uranium deposits.
  • The other land blocks give Stallion proximity to some of the most important uranium discoveries and mines throughout the basin.
  • “The acquisition of Hathor more than doubles Stallion’s footprint in the basin to a combined total of 78,831 hectares.
  • “This acquisition gives Stallion strategic land holdings across the basin and puts the Company at the epicenter of significant exploration activity and capital deployment.

Stallion Gold to Acquire Athabasca Basin Properties

Retrieved on: 
Friday, January 6, 2023
Partnership, OTCQB, TSX Venture Exchange, Rule, Fission, News, Transaction, The Company, STUD, PLN, Regulation D, Stallion, CUSIP, Security (finance), U92, Athabasca Basin

("U92") and the shareholders of U92 to acquire all of the issued and outstanding securities of U92 (the "Transaction").

Key Points: 
  • ("U92") and the shareholders of U92 to acquire all of the issued and outstanding securities of U92 (the "Transaction").
  • U92 is a privately held Uranium company with strategic claims in the Western Athabasca Basin, home to some of the world’s largest high grade uranium discoveries.
  • “We are excited to be acquiring projects in this region of the Athabasca Basin, which is poised to become the next major area for new uranium operations in Northern Saskatchewan,” explains Mr. Drew Zimmerman, CEO of Stallion.
  • Additionally, the Company will change its name to Stallion Discoveries Corp., pending TSX Venture Exchange approval.