FUU

Fission 3 Welcomes New Director Nicky Grant

Retrieved on: 
Wednesday, August 3, 2022

Kelowna, British Columbia--(Newsfile Corp. - August 3, 2022) - Fission 3.0 Corp. (TSXV: FUU) ("Fission 3" or the "Company") is pleased to announce the appointment of Mrs. Nicky Grant to the Fission 3.0 Board of Directors.

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - August 3, 2022) - Fission 3.0 Corp. (TSXV: FUU) ("Fission 3" or the "Company") is pleased to announce the appointment of Mrs. Nicky Grant to the Fission 3.0 Board of Directors.
  • Nicky initially started as a consultant to Ocean Wall and in September 2020 became Head of Corporate Advisory.
  • Fission 3.0 also announces that Mr. Phil Morehouse has stepped down as a Director of the Company.
  • We look forward to his input and expertise as an advisor as Fission 3.0 moves forward with their projects in the Athabasca Basin."

Fission 3.0 Commences Murphy Lake Drilling

Retrieved on: 
Tuesday, July 5, 2022

Kelowna, British Columbia--(Newsfile Corp. - July 5, 2022) - Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF) ("Fission 3") is pleased to report that drilling has commenced at its Murphy Lake property in the Eastern Athabasca Basin in Saskatchewan.

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - July 5, 2022) - Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF) ("Fission 3") is pleased to report that drilling has commenced at its Murphy Lake property in the Eastern Athabasca Basin in Saskatchewan.
  • This is F3's first drill program at its Murphy Lake property which is located 5km south of IsoEnergy's high-grade uranium Hurricane Zone and 4.5km east of Cameco's La Roque Uranium Zone.
  • Drilling by the Company this summer will be focused on the SE part of the new resistivity feature where Time Domain Electromagnetic (TDEM) ground geophysics was completed just before the breakup of the lake ice.
  • Several of Fission 3's projects are near large uranium discoveries, including, Arrow, Triple R and Hurricane deposits.

Fission 3.0 and Traction Drilling Intersects Additional Anomalous Radioactivity at Lazy Edward Bay

Retrieved on: 
Tuesday, June 14, 2022

Kelowna, British Columbia--(Newsfile Corp. - June 14, 2022) - Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF) ("Fission 3") and Traction Uranium Corp. ("Traction") are pleased to provide an update of the drilling at the Lazy Edward Bay project in the SE Athabasca Basin region which commenced on May 17, 2022.

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - June 14, 2022) - Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF) ("Fission 3") and Traction Uranium Corp. ("Traction") are pleased to provide an update of the drilling at the Lazy Edward Bay project in the SE Athabasca Basin region which commenced on May 17, 2022.
  • Drilling on the Horse West conductor has encountered anomalous radioactivity in drill hole LEB22-007 in proximity to an 11.7m-wide basement fault with intense clay and chlorite alteration ~10m further down hole.
  • Elevated levels of radiation is a possible indicator of uranium mineralization which will be confirmed when the assays are received.
  • The ongoing work program is being funded by Traction in accordance with the terms of the Option Agreement between Fission 3 and Traction, whereby Traction can acquire up to a 70% interest in the Lazy Edward Bay property (see Dec 10, 2021 Fission 3 news release).

Fission 3.0 and Traction Drilling Intersects Anomalous Radioactivity at Lazy Edward Bay

Retrieved on: 
Tuesday, May 31, 2022

Kelowna, British Columbia--(Newsfile Corp. - May 31, 2022) - Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF) ("Fission 3") and Traction Uranium Corp. ("Traction") are pleased to provide an update of the drilling at the Lazy Edward Bay project in the SE Athabasca Basin region which commenced on May 17, 2022.

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - May 31, 2022) - Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF) ("Fission 3") and Traction Uranium Corp. ("Traction") are pleased to provide an update of the drilling at the Lazy Edward Bay project in the SE Athabasca Basin region which commenced on May 17, 2022.
  • Drilling on the Horse West conductor has encountered anomalous radioactivity in drill hole LEB22-004 near the sandstone-basement unconformity at 164.6 m associated with a reverse fault.
  • These results confirm what has been reported by Uranerz Exploration and Mining Limited in historic drill hole LE-73 drilled in 1989.
  • Several of Fission 3's projects are near large uranium discoveries, including, Arrow, Triple R and Hurricane deposits.

Fission 3.0 to Test Uranium Indicators from Historic Drilling at Lazy Edward Bay

Retrieved on: 
Wednesday, May 18, 2022

Traction Uranium Corp. ("Traction') will fund the work program in accordance with the terms of the Option Agreement between Fission 3 and Traction, whereby Traction can acquire up to a 70% interest in the Lazy Edward Bay property.

Key Points: 
  • Traction Uranium Corp. ("Traction') will fund the work program in accordance with the terms of the Option Agreement between Fission 3 and Traction, whereby Traction can acquire up to a 70% interest in the Lazy Edward Bay property.
  • The Lazy Edward Bay property is located halfway between Cameco's Key Lake Mine and the high grade Centennial uranium deposit, and hosts NE-trending conductive corridors similar to those associated with Key Lake and Centennial.
  • Fission 3.0 summer drilling is planned along section, and along strike from encouraging historic drilling results, including anomalous uranium geochemistry, by Uranerz Exploration and Mining Limited in the 1980's and JNR Resources Inc. in the 2000's.
  • Historic drilling at Lazy Edward Bay has identified strong clay alteration and faulting in the sandstone and basement rocks along with anomalous uranium and boron geochemistry in the basement rocks which are positive indicators for uranium mineralization and have provided compelling follow up drill targets".

Fission 3.0 Corp. Announces Warrant Exercises for Proceeds of $690,500

Retrieved on: 
Tuesday, December 28, 2021

Kelowna, British Columbia--(Newsfile Corp. - December 28, 2021) - Fission 3.0 Corp. (TSXV: FUU) (the "Company") today announces that it has received total proceeds of approx.

Key Points: 
  • Kelowna, British Columbia--(Newsfile Corp. - December 28, 2021) - Fission 3.0 Corp. (TSXV: FUU) (the "Company") today announces that it has received total proceeds of approx.
  • The warrants were issued pursuant to private placements that closed in September and October 2018 and August 2020.
  • Accordingly, the Company has issued a total of 5,276,667 shares of common shares since its last update of November 5, 2021.
  • Several of Fission 3.0's projects are near large uranium discoveries, including, Arrow, Triple R and Hurricane deposits.

Fission 3.0 Corp. Announces Closing of Brokered Private Placement for Gross Proceeds of $8,587,353

Retrieved on: 
Wednesday, December 22, 2021

Each Unit issued pursuant to the Offering is comprised of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (each whole warrant, a "Warrant").

Key Points: 
  • Each Unit issued pursuant to the Offering is comprised of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (each whole warrant, a "Warrant").
  • Each Charity FT Unit is comprised of one FT Share and one Warrant.
  • Red Cloud Securities Inc. (the "Agent") acted as sole agent and bookrunner under the Offering.
  • This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Fission 3.0 Commences Geophysics on Flagship Property PLN

Retrieved on: 
Wednesday, December 22, 2021

Located in the same area as where Fission Uranium Corp and NexGen Energy are advancing their world-class, large, high-grade uranium deposits PLN is amongst the highest ranked projects in Fission 3's extensive portfolio.

Key Points: 
  • Located in the same area as where Fission Uranium Corp and NexGen Energy are advancing their world-class, large, high-grade uranium deposits PLN is amongst the highest ranked projects in Fission 3's extensive portfolio.
  • Previous drill programs at PLN have identified basement hosted uranium mineralization supported by the presence of alteration, pathfinder structural disturbance supporting large-scale potential of the area.
  • Ground Geophysics has commenced at Broach Lake to refine the targets for the upcoming drilling in the new year.
  • Several of Fission 3.0's projects are near large uranium discoveries, including Arrow, Triple R and Hurricane deposits.

Fission 3.0 Corp. and Traction Uranium Announce Option Agreements for Lazy Edward and Hearty Bay Projects

Retrieved on: 
Friday, December 10, 2021

The Lazy Edward Project is located in the south-eastern margin of the Athabasca Basin, between the historic Key Lake Mine and Cameco Corporation's Centennial deposit.

Key Points: 
  • The Lazy Edward Project is located in the south-eastern margin of the Athabasca Basin, between the historic Key Lake Mine and Cameco Corporation's Centennial deposit.
  • The Lazy Edward Project has been identified to have potential for unconformity-type, high-grade uranium deposits typical of the Athabasca Basin.
  • Further, as the Lazy Edward Project is near the edge of the basin, the depth of the drill targets at Lazy Edward Bay are shallow, giving the advantage of relatively inexpensive exploration.
  • Pursuant to the terms of the Lazy Edward Agreement, Traction will have the option (the "Lazy Edward Bump-Up Option") to increase its interest in the Lazy Edward Project to 70% by making additional cash payments totalling $350,000, and completing an additional $4,500,000 in exploration work on the Lazy Edward Property, on or before the date that is three years following the date of the Lazy Edward Agreement (the "Lazy Edward Bump-Up Commitments").

Fission 3.0 to Test Further 7.5M of 1450 CPS at PLN

Retrieved on: 
Monday, October 18, 2021

On September 29,2021 the Fission 3 announced a fully marketed private placement (the "Offering") for gross proceeds of C$8,000,026.

Key Points: 
  • On September 29,2021 the Fission 3 announced a fully marketed private placement (the "Offering") for gross proceeds of C$8,000,026.
  • It is located just inside and in the south-west area of the Athabasca Basin in proximity to Fission Uranium's Triple R and NexGen Energy's Arrow large high-grade deposits.
  • PLN was acquired by Fission 3.0 Corp. as a result of the Fission Uranium/Alpha Minerals agreement in December 2013.
  • It is one of the most advanced and highest ranked properties in Fission 3.0's extensive portfolio.