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Fission Uranium: een potentiële giga uranium mijn

6 Posts
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  1. forum rang 10 DeZwarteRidder 3 januari 2018 14:38
    January 3, 2018
    Fission Hits One of the Strongest Holes to Date at PLS
    All holes drilled as part of a metallurgical study hit wide,

    high-grade mineralization at R780E zone
    KELOWNA, BRITISH COLUMBIA--(Marketwired - Jan. 3, 2017) - FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce the remaining assay results from its summer 2017 program at its' PLS property in Canada's Athabasca Basin region. The final three holes to report targeted the shallow, high-grade R780E zone as part of a metallurgical study for use in a pre-feasibility study on the high-grade Triple R deposit. All three holes returned substantial intervals of high-grade uranium. Of particular note are the results from hole PLS17-MET-C (line 660E), which intersected 144.0m of total composite mineralization, including a continuous interval of 108.0m @ 8.46% U3O8, the widest continuously mineralized intervals drilled on the Triple R deposit to date.

    Metallurgical Study Highlights to Date Include:

    High uranium recovery
    Short leach times, using low acid concentrations and low temperatures
    Low detection of deleterious elements in the mineralization
    Mineralization characteristics conducive to low grinding power requirements
    Assay Highlights

    Include:

    PLS17-MET-C (line 660E): key intervals

    108.0m @ 8.46% U3O8 (56.5m to 164.5m), including:
    9.0m @ 12.69% U3O8 (63.0m to 72.0m)
    23.0m @ 15.43% U3O8 (76.5m to 99.5m)
    8.5m @ 27.66% U3O8 (139.0m to 147.5m)
    21.5m @ 1.90% U3O8 (189.0m to 210.5m), including:
    8.5m @ 4.17% U3O8 (197.5m to 206.0m)
  2. forum rang 10 DeZwarteRidder 23 augustus 2023 12:47
    Fission Files Feasibility Study Highlighting Tier 1 Economics for PLS High-Grade Uranium Project
    March 2, 2023

    TSX SYMBOL: FCU

    Key Economic Markers Include Lower Initial CAPEX, Increased Mine Life, NPV and IRR

    KELOWNA, BC , March 2, 2023 /CNW/ - FISSION URANIUM CORP. ("Fission" or "the company") is pleased to announce that it has filed a technical report (the "Report") for its PLS project in Canada's Athabasca Basin, pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101") on SEDAR. The Report summarizes the Feasibility Study ("FS"), which outlines a high-grade mine and mill scenario for PLS.

    Fission Uranium Corp. Logo (CNW Group/Fission Uranium Corp.)

    General Highlights:

    Construction timeline of 3 years with an estimated initial capital cost of $1.155B
    Increased mine life to ten years with LOM production of 90.9 million lbs of U 3 O 8
    Addition of R840W orebody into the FS mine plan contributing to increased Mineral Reserves
    Average unit operating cost of $13.02 /lb U 3 O 8
    Robust post-tax economics:
    IRR of 27.2%
    NPV at 8% of $1.204B
    Payback period of 2.6 years

    Resource Growth Highlights

    Mine Life and Zone Expansion: Both the R780E and R840W zones are open at depth and along the plunge to the east. Further opportunity exists to grow the resource in those directions, potentially extending the underground mine life even further.
    Additional Zones: The FS mine plan has a future opportunity to accommodate the potential conversion of Inferred Resources to Indicated Resources at two high-grade, on-strike zones - R1515W and R1620E – that are not yet part of Mineral Reserves.
    Mineralization Upgrade: The FS mine plan does not include areas of Inferred Mineral Resources in the R00E, R840W and R780E zones. An opportunity exists to upgrade to Indicated Mineral Resource with future planned drilling.

    Reduced Environmental Impact

    The underground mine plan eliminates direct physical impacts on Patterson Lake and the Clearwater River drainage. Other than a dock, freshwater intake and treated effluent diffuser, all other infrastructure related to mining and processing at PLS is set back to maintain an acceptable riparian buffer to the shoreline of Patterson Lake.
    The revised Project layout maintains a compact footprint, and facilities have been placed to avoid local areas of old-growth jack pine forests and heritage resource sites.
    In the absence of hydro utilities, using LNG for site power generation instead of diesel, while only marginally reducing the greenhouse gases, significantly decreases emissions of particulates and sulphur and nitrogen compounds.
    Metallurgical test work indicates that the Project will be able to meet the water quality ranges for treated effluent discharges found at other mining operations in Saskatchewan .
    Modelling of the TMF interactions with groundwater indicates that the current design will be protective of groundwater quality in the long term and thus protective of the Patterson Lake drainage.
    At year-end 2022, Fission had engagement agreements with all the Indigenous groups with the potential for impacts to their traditional land use and treaty rights due to the Project.
    Fission responded to local concerns over the proposed bypass of Highway 955 around the site by leaving the road route as it is.

    Patterson Lake South Property

    The 31,039-hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine.
    Qualified Persons

    The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy , P.Geo., President and CEO for Fission Uranium Corp., a qualified person.
    About Fission Uranium Corp.

    Fission Uranium Corp. is a Canadian uranium project developer and 100% owner of the Patterson Lake South uranium property – a proposed high-grade uranium mine and mill in Canada's Athabasca Basin region. Fission's common shares are listed on the TSX Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF" and on the Frankfurt Stock Exchange under the symbol 2FU.
  3. forum rang 10 DeZwarteRidder 4 januari 2024 09:40
    Uranium price hits new post-Fukushima high
    Colin McClelland | January 3, 2024 | 1:18 pm Energy Markets Canada China Russia and Central Asia USA Uranium
    Nuclear Plant Uranium Price Stock Photo
    Uranium’s spot price continues to rise as more countries back nuclear power. Credit: Adobe Stock

    The spot price of uranium continues to rise, boosted by pledges to triple nuclear power by mid-century, supply hiccups from producers such as Cameco (TSX: CCO; NYSE: CCJ) and the looming threat of a ban on Russian exports to the West.

    Uranium hit $91 per lb. this week, another record since triple-digit prices in 2007 and the fallout after the 2011 Fukushima disaster in Japan that saw several countries curb nuclear energy plans. The price has increased from about $50 per lb. at mid-year.
    Sign Up for the Energy Digest

    “Some call it a nuclear renaissance but I like to think of it as a resurgence given the growing momentum,” John Ciampaglia, CEO of Sprott Asset Management, which runs the Sprott Physical Uranium Trust (TSX: U.U for USD; U.UN for CAD), said in a blog post on Wednesday. “Who would have thought that in just two years, public sentiment and government support would have shifted this strongly?”

    The price could now be near a level that can sustain new mining projects as the globe increasingly looks to atomic power to help combat global warming. The increase comes as 24 nations including the United States, Japan, Canada, Britain and France pledged last month in Dubai at the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, known as COP28, to triple nuclear power capacity by 2050.

    China, which wasn’t part of that promise, still leads global nuclear plant construction with plans to nearly double capacity to 100 gigawatts by the end of this decade. The Asian country has 22 of 58 plants being built worldwide.
    China growth

    “Uranium is one of the few commodities where China is not the largest consuming country, but we expect it to be so by 2028,” BMO Capital Markets commodities analyst Colin Hamilton said in a note on Wednesday. “However, having taken significant volumes of excess uranium from the market over the past decade, we see China as adequately supplied with raw material.”

    Incremental utility buyers are more likely to be located in Europe and North America where reactor lives are being extended, Hamilton said.

    However, meeting that demand is proving difficult for leading suppliers such as Cameco, Canada’s largest, which said it may buy as much as 8 million lb. in the recently ended quarter to meet contracts. When most utility contracts are longer-term, supply shortfalls exacerbate price hikes on the spot market. Investment bank Morgan Stanley forecasts the price may hit $95 per lb. by March. In November, Sprott predicted a triple-digit price within a year to 18 months.

    The plan to triple nuclear power capacity by mid-century is “highly unrealistic” because it takes so long and billions of dollars to plan, approve and build reactors, according to the World Nuclear Industry Status Report released last month. The report is funded by Germany, which shut its last reactor in April and remains opposed to the power source, although it conducts research and processes fuel.

    The US Congress is considering a ban on imports of Russian uranium. It has passed the House of Representatives and awaits debate in the Senate, though most utilities in the West have been shunning its supplies since the war in Ukraine began nearly two years ago. A ban could spark retaliatory measures and Russia has plants to process uranium into fuel, whereas the US is restarting one. However, the Biden administration is set to sign a $2 billion boost to the country’s nuclear industry into law within weeks.
    Restarts planned

    Numerous mothballed mines in Australia, the U.S. and Africa are planned for restarts this year including Paladin Energy’s (ASX: PDN) Langer Heinrich in Namibia and Boss Energy’s (ASX: BOE) Honeymoon operation in South Australia. EnCore Energy (TSXV: EU) is starting output from its Rosita and Alta Mesa plants in Texas, while Energy Fuels (TSX: EFR; NYSE: UUUU) has resumed output from its Pinyon Plain, La Sal and Pandora mines in the southwest US. In Canada, Cameco is ramping up production from McArthur River in Saskatchewan.

    The industry needs new mines, but a lost decade of investment after the Fukushima disaster means the supply gap will grow in the short-term, according to the Sprott Physical Uranium Trust, which holds 63 million lb. of yellowcake uranium valued at $5.78 billion.

    The trust purchased 3.8 million lb. last year, the lowest since the fund was established in 2021. It plans this year to purchase no more than 9 million lb. on the spot market. It’s a prudent measure from a regulatory perspective to prevent funds competing with consumers for material in a deficit market, BMO’s Hamilton said.

    “While there is lots of chatter about the impact of financial players in the market, the price gains this year have clearly been driven by utilities which purchased the most uranium in 2023 since 2012,” Sprott’s Ciampaglia said.

    “The industry will require significant capital investments to meet its ambitious expansion plans,” he said. “Thankfully, investor interest in the sector is growing globally as the opportunity becomes better understood and the legacy stigma fades. As the sector grows and recapitalizes, it will attract ever larger institutions, drawn by a compelling investment thesis and improving liquidity.”
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