![]() ![]() ![]() The Right Project in the Right Place at the Right Timeįission Uranium Corp. The country is also home to some of the only projects that are advanced enough to enter production this cycle. In fact, nuclear fuel buyers across the globe are shying away from major suppliers Russia and Kazakhstan amid ongoing conflict, making uranium projects in countries like Canada an important part of the nuclear resurgence.Ĭanada is the second-largest producer of uranium on the planet, accounting for roughly 13% of total global output, and has the world’s highest-grade uranium deposits. Rising M&A in North American uranium projects comes at a time when officials in Canada and the US are calling for greater uranium and nuclear cooperation between the two countries to help reduce US imports of uranium from Russia. Then, just four months later, UEC revealed its plans to acquire the world-class Roughrider uranium development project in Saskatchewan from Rio Tinto for $150 million. in an effort to “create the largest diversified North American focused uranium company.” The deal, which is valued at $192.7 million primarily of UEC stock, marks the largest M&A transaction in the North American uranium sector after the U1A acquisition by UEC in 2021. In June 2022, UEC bought Canada-listed UEX Corp. In December 2021, the company acquired Uranium One Americas. has also been on a uranium buying spree over the last year. The deal will give Cameco a 49% controlling interest in “one of the world’s largest nuclear services businesses.” One of the most memorable announcements in 2022 came in October when Cameco, one of the world’s largest uranium producers, and Brookfield Renewable Partners formed a strategic partnership to acquire Westinghouse Electric Company in a deal valued at US$7.8 billion. Detailed information on the property and Fission Uranium’s other projects can be found here.Nations are turning their attention and budgets toward nuclear energy and it has spurred a series of sizable M&A deals in the space. ![]() The company’s PLS discovery, a 50/50 JV with Alpha Minerals, has received a great deal of attention from analysts, media and the investment community for its high grades and wide intercepts. ![]() was spun out of the deal with Denison and began trading Apil 29th, 2013. Founded by Dev Randhawa in 2007, Fission Energy was named a TSX Venture 50(r) Company in 2011 and in April 2013 sold the majority of its assets to Denison Mines including its Waterbury Lake discovery. For more information regarding Fission Energy, including historical information regarding the Patterson Lake South, Patterson Lake and Clearwater West properties, please see Fission’s profile at The management team, with Dev Randhawa as CEO & Chairman and Ross McElroy as COO, President & Chief Geologist, is the same team that developed Fission Energy into one of Canada’s leading uranium explorers. As a result of the transaction, certain properties and assets of Fission Energy, including the Patterson Lake South, Patterson Lake and Clearwater West properties in Saskatchewan, became properties and assets of Fission Uranium and Fission Uranium is no longer a wholly-owned subsidiary of Fission Energy. pursuant to which Denison Mines acquired all of the issued and outstanding securities of Fission Energy. On April 26, 2013, Fission Uranium completed a plan of arrangement under the Canada Business Corporations Act involving Denison Mines Corp. was incorporated in February 2013 as a wholly-owned subsidiary of Fission Energy Corp. Additional properties are held on the Western side of the Athabasca Basin as well as in the emerging uranium district of Macusani in Peru.įission Uranium Corp. is a Canadian-based uranium exploration company with a new, major discovery at Patterson Lake South (PLS) in Canada’s Athabasca Basin, home to the world’s richest source of high grade uranium. $FCU.V - Fission Uranium: Summer Program to Follow-Upįission Uranium Corp. $FCU.V - Alpha Minerals Rejects Fission Uranium Proposal, $FCU.V - Uranium juniors merger between Fission, Alpha $FCU.V - Fission Uranium Expands Zone F780E Uncovers News Alert : Fission Uranium Corp.: 18.8% Over 5.5mįission Uranium Announces $10.0 Million Bought Private Placement Insider Trades: Wednesday,18 December,2013 Took a position here 2 weeks ago.Like whatįission Merges Zones with More Off-scale DrillingĬhief Geologist Ross McElroy about the best explorationįission Uranium drills record breaking hole at PLS Higher demand for Uranium is just around the corner. This proposed merger with DML is a complete ![]()
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