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Fission Uranium stakes new properties in Athabasca Basin

Energy, Market News, Mining
TSX:FCU
31 October 2024 12:33 (EST)
Fission Uranium Corp. President & CEO Ross McElroy.

(Source: YouTube screenshot)

Fission Uranium (TSX:FCU) reveals that it has staked four new properties in the Athabasca Basin region of Northern Saskatchewan, including Typhoon, Corsair, Merlin and Seahawk.

In a news release, the company highlighted that these properties, which cover more than 15,000 hectares combined, are viewed as highly prospective for uranium exploration.

“The Athabasca Basin region is home to the richest uranium ore bodies in the world,” Ross McElroy, CEO of Fission Uranium, said in a statement. “These projects have potential for hosting high-grade uranium.”

Key highlights:

Fission plans to advance exploration efforts on these new properties, aiming to leverage historical data and explore under-tested areas.

With headquarters out of Kelowna, B.C., Fission Uranium is the 100 per cent owner of the Patterson Lake South uranium property. Its Patterson Lake South project, which is host to the Triple R deposit, a large, high-grade and near-surface uranium deposit.

Shares of Fission Uranium (TSX:FCU) are unchanged at $0.94.

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(Top image: YouTube screenshot)


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