Fission Files Base Shelf Prospectus

TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION  DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES /

FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that it has filed a final short form base shelf prospectus with the securities commissions or similar regulatory authorities in each of the provinces and territories of Canada . The base shelf prospectus will allow Fission to offer up to C$60,000,000 of common shares, subscription receipts, units, debt securities, warrants and share purchase contracts from time to time over the 25 month period after the applicable Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus.

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

The terms of any future offerings, if any, will be established at the time of such offerings. At the time any securities covered by the shelf prospectus are offered for sale, a prospectus supplement containing specific information about the terms of any such offering will be filed with applicable Canadian securities regulatory authorities.

The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act ") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Fission Uranium

Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property - host to the class-leading Triple R uranium deposit - and is headquartered in Kelowna, British Columbia . Fission's common shares are listed on the Toronto Stock Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."

ON BEHALF OF THE BOARD

" Ross McElroy "


Ross McElroy , Chief Executive Officer

Forward-Looking Statements

Cautionary Statement:
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: risks related to any offering under the base shelf prospectus, risks related to Fission's limited business history, risks related to the nature of mineral exploration and development, discrepancies between actual and estimated mineral resources, risks related to uranium market price volatility, risks related to the market value of the common shares of Fission, risks related to market conditions, risks related to the novel coronavirus (COVID-19) pandemic, including disruptions to the Company's business and operational plans, risks related to the global economic uncertainty as a result of the novel coronavirus (COVID-19) pandemic and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com . The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

SOURCE Fission Uranium Corp.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/December2020/08/c6964.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
  Boss Energy

Production Starts at Alta Mesa Uranium Project, Texas

Key milestone comes just eight weeks after production started at Boss’ Honeymoon project in South Australia; Boss on track to become a ~3Mlbs-a-year producer

Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) is pleased to advise that production has started at its 30 per cent- owned Alta Mesa In-Situ Recovery (“ISR”) Central Processing Uranium Plant and Wellfields (“Alta Mesa Project”) in South Texas.

Keep reading...Show less
Growing graph and nuclear power station cooling tower.

When Will Uranium Prices Go Up? (Updated 2024)

Uranium is an important fuel source for the nuclear energy industry, but many investors were shaken out of the market after many years of low uranium prices. Now that a rebound is underway, many wonder if the commodity will once again reach its peak.

Driven by rising demand and massive supply disruptions, uranium prices shot up in 2007 from US$72 per pound at the start of the year to an all-time high of US$136.22 by early June. However, uranium prices didn’t last long above US$100 per pound, and the market value of the energy fuel was in the doldrums for more than a decade.

Prices began to climb again in 2021, and picked up speed in 2023. This rally led the uranium spot price to hit a major milestone in January 2024 when it broke through the US$100 per pound level for the first time in 17 years. This recent rally was sparked by a confluence of global and market events, including the Russia-Ukraine war and uranium supply challenges related to conversion and enrichment.

The drive for nuclear energy to be a part of the fight to combat climate change is also having an oversized impact on the uranium price outlook as governments look to nuclear as a carbon-free energy source. Even Sweden is considering lifting its ban on uranium mining in an effort to support growth in it own nuclear power industry, for which it currently imports nuclear fuel. "Sweden currently uses 2.4 million pounds U3O8 annually in its three nuclear power plants and has committed to building two additional nuclear reactors by 2035," World Nuclear News reported.

Keep reading...Show less
Gladiator Resources Limited

Drilling Commences at Mkuju Uranium Project

Gladiator Resources Ltd (ASX: GLA) (Gladiator or the Company) is excited to announce that diamond core drilling commenced on 10 June 2024, at our 100% owned Mkuju Uranium Project in southern Tanzania.

Keep reading...Show less
GTI Energy

GTI Energy


Keep reading...Show less
GTI Energy (ASX:GTR)

GTI Board Appoints Ex-Head of Cameco Australia, Simon Williamson

GTI Energy Ltd (GTI or Company) is delighted to advise of the appointment of Mr Simon Williamson to the board of GTI as Non-Executive Director.

Hightlights

Keep reading...Show less

Denison Announces Completion of Inaugural ISR Field Test Program at Midwest

Denison 70 Logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) is pleased to announce it has completed the inaugural In-Situ Recovery ("ISR") field test program (the "Program") at Denison's 25.17% owned Midwest Uranium Project ("Midwest").  The Program involved drilling 10 small diameter boreholes within the Midwest Main deposit primarily undertaken to evaluate site-specific conditions for ISR mining. A series of tests were successfully performed on each borehole, creating an extensive database of geological, hydrogeological, geotechnical, and metallurgical data and validating certain key assumptions in the previously completed internal conceptual mining study (the "Concept Study") evaluating the potential use of ISR mining at Midwest (see Press Release dated April 12, 2023 ). View PDF

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×