![]() Each project benefits from the policies and mining support that caused Saskatchewan to be ranked the 9th best mining jurisdiction in the world in 2019.Focused on three highly prospective uranium projects: Cree Bay, Hearty Bay and Beaver River.Developing a portfolio of 18 projects in Saskatchewan's Athabasca Basin including a collection of properties surrounded by producing uranium mines.Following an in-depth technical review we have now prioritized our key projects moving forward," said Ross McElroy, COO and Chief Geologist for Fission 3.0. ![]() Fission 3.0 owns an exceptional portfolio in the Athabasca Basin, with projects that are prospective for both high-grade and shallow mineralization. “With rising spot prices and positive sentiment, the outlook for uranium explorers has significantly improved in recent months. All three projects are 100-percent owned by Fission 3.0.Īfter production cuts were announced by major uranium producers including Cameco and Kazatomprom in 2020, industry stakeholders have speculated a supply deficit could occur moving forward. In addition to Cree Bay, Fission 3.0 has committed to focusing its 2020 exploration efforts on the Hearty Bay and Beaver River projects. ![]() The project comprises 16 mineral claims totaling 14,080 hectares, the latest of which overlie the Black Lake Fault, which is associated with Cameco's (TSX: CCO, NYSE:CCJ) Centennial deposit. The projects in the Athabasca Basin have provided the area with excellent infrastructure that Fission 3.0 intends to leverage as it develops its portfolio of projects.įission 3.0 is currently focusing its 2020 exploration efforts on the Cree Bay project in the northeast portion of the Athabasca Basin, which is located only 15 kilometers away from the past-producing Nisto uranium mine. The Athabasca Basin's rich uranium deposits and high grades have resulted in a number of major uranium projects, including Cameco's Cigar Lake and McArthur River projects, NexGen's (TSX:NXE, NYSE:NXE) Arrow deposit, Denison Mines' Phoenix project, and many others. According to the Fraser Institute's 2018 annual survey, Saskatchewan was ranked the second-friendliest mining jurisdiction in the world. Saskatchewan's rich resources and mining-friendly government have helped drive exploration work in the area for a number of years. The company is focused on its exploration efforts in Saskatchewan's Athabasca Basin, believed to have produced 13.2 percent of the world's uranium. The company has divided its projects into four main location areas in the region: the Beaverlodge Area Projects, the PLS Area Projects, the Key Lake Road Projects and the NE Athabasca Basin. Fission 3.0 was formed later (December 2013 ) when Fission Uranium decided to spin out all other existing properties in the Fission Uranium portfolio into Fission 3.0 so that it could focus solely on the Triple R discovery.įission 3.0 is leveraging its experience and familiarity with the Athabasca Basin to develop a significant portfolio of uranium projects in the region, including 18 projects in or around the Basin. Fission Energy went on to discover the Triple R deposit which it holds to this day (132mm lbs of 2 percent U3O8). Randhawa and McElroy founded Fission Energy, which became Fission Uranium (TSX: FCU,OTCQX:FCUU), after selling a portfolio of properties and their 60 percent ownership in the Waterbury Lake deposit in Jan 2013. The company is led by CEO Dev Randhawa and COO Ross McElroy, who have been instrumental in the discovery and development of a number of significant uranium projects, including Fission Uranium's Triple R deposit. The company follows a business model of exploration, development and de-risking on the path towards production.įission 3.0 has a proven track record of successfully identifying and developing uranium projects. Fission uranium fuu generator#Top Battery Metals Stocks on the TSX and TSXVįission 3.0 (TSXV: FUU,OTCQB:FISOF,FSE:2F3A) is a leading uranium project generator developing a portfolio of properties in Saskatchewan's Athabasca Basin, home to over 60 years of mining exploration and development, producing grades anywhere from 10 to 20 times higher than the global average at nearly two percent U3O8. ![]()
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