This means that the 2021 drilling program is fully funded. Secondly, it should also be noted that in 2020, the company successfully raised $24 million of new equity in two separate bought deal financings, both of which were larger than the originally planned raises. Firstly, key members at the Board of Director and management (particularly in operations) levels have been added as Fission proceeds with environmental approvals and a feasibility study for mine development. The company has continued to move towards mine development with a number of notable events. This could lead to a potential increase in resource size and mine life. A clear path for growth with the ability to easily accommodate additional material from the three high-grade zones outside of the current mine plan.Strong economics with a projected operating expense of just US$7.18/lb, an IRR (pre-tax) of 34% and an NPV (pre-tax) at 8% of $1.33 billion, thus outlining the potential for highly economic production at PLS and.Further work, including additional drilling, some of which is planned for 2021 may provide sufficient data for future inclusion of the R1515W, R840W and R1620E zones into the Feasibility Study mine plan. The study only considered the R00E and R780E zones.

The company completed and filed an NI 43-101 report on the Triple R project in late 2019, which summarizes a Pre-Feasibility Study (PFS) for an underground-only mining scenario for the Triple R project. Mineralization along the Patterson Lake Corridor trend remains prospective along strike in both the western and eastern directions. The discovery hole was announced on Novemin what is now referred to as the R00E zone. Through successful exploration programs completed to date, Triple R has evolved into a large, near surface, basement hosted, structurally controlled high-grade uranium deposit. Uranium mineralization of the Triple R deposit occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling over ~3.18 km of east-west strike length in five separated mineralized вЂњzonesвЂќ which collectively make up the Triple R deposit. On this 100% owned 31,000 hectare property, the company has identified the Triple R project as a вЂњworld classвЂќ uranium project which the company is moving towards potential mine development. This basin is home to some of the worldвЂ™s richest uranium mines and is known for uranium grades 10-20 times the global average. (TSX: FCU | OTCQX: FCUUF) is a resource company specializing in the strategic exploration and development of the Patterson Lake South (PLS) uranium property, which is located in the Athabasca Basin in Saskatchewan.

Fission uranium corp