Frankfurt:2FU

Fission Announces $75 Million Bought Deal Financing

Retrieved on: 
Monday, February 5, 2024
Indian stock exchange, Offering, Person, Underwriting, Sale, PLS, Security (finance)

The Offering is expected to close on or about February 12, 2024 (the "Closing Date") and is subject to the Company receiving all necessary regulatory approvals.

Key Points: 
  • The Offering is expected to close on or about February 12, 2024 (the "Closing Date") and is subject to the Company receiving all necessary regulatory approvals.
  • The Company intends to use the net proceeds from the Offering to fund exploration and development of the PLS project, as well as for working capital and general corporate purposes.
  • The Common Shares will be issued by way of a prospectus supplement that will be filed in all provinces and territories of Canada, other than Quebec, under the Company's base shelf prospectus dated December 12, 2023.
  • This press 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.

Fission Closes $9.2 Million Bought Deal Financing

Retrieved on: 
Wednesday, October 4, 2023
Cloud, Exercise, Income Tax Act 1967, FOR, NOT, OR, Person, Red Cloud, Offering, Fission, Income Tax Act, PLS, News, Security (finance)

KELOWNA, BC, Oct. 4, 2023 /CNW/ - FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that it has closed its previously announced "bought deal" public offering consisting of 7,731,092 flow-through common shares of the Company (the "Flow-Through Shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), at a price of C$1.19 per Flow-Through Share for gross proceeds of C$9.2 million, inclusive of the full exercise of the over-allotment option held by the Underwriters (the "Offering").

Key Points: 
  • KELOWNA, BC, Oct. 4, 2023 /CNW/ - FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that it has closed its previously announced "bought deal" public offering consisting of 7,731,092 flow-through common shares of the Company (the "Flow-Through Shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), at a price of C$1.19 per Flow-Through Share for gross proceeds of C$9.2 million, inclusive of the full exercise of the over-allotment option held by the Underwriters (the "Offering").
  • Canaccord Genuity Corp. and SCP Resources Financing LP acted as co-lead underwriters on behalf of a syndicate of underwriters including Eight Capital and Red Cloud Securities (collectively, the "Underwriters").
  • All Qualifying Expenditures will be renounced in favour of the subscribers effective December 31, 2023.
  • The Offering was completed pursuant to a prospectus supplement to the Company's base shelf prospectus dated November 10, 2021.

Fission Hires Environment and Regulatory Expert to Lead Environmental Assessment Process

Retrieved on: 
Monday, January 23, 2023
Safety, Mining, Health, Environmental manager, PLS, Environment, Environmental issues, Environmental impact assessment, Environmental impact statement, Science, Uranium mining, Cigar Lake Mine, Cameco, Fission

Mr. Pryznyk is an environment, health and safety professional with two decades of experience working in Saskatchewan, including 15 years in mining.

Key Points: 
  • Mr. Pryznyk is an environment, health and safety professional with two decades of experience working in Saskatchewan, including 15 years in mining.
  • Much of that experience was gained working for uranium producer, Cameco, where he held positions in environmental management and regulatory affairs at Cigar Lake mine during construction and operation.
  • In this important role, Mr. Pryznyk will lead Fission's Environmental Assessment process, the submission of the Environmental Impact Statement, and the subsequent licensing and permitting of the project through to construction and production.
  • Mr. Pryznyk will be an excellent addition to the Fission technical team as we continue through environmental assessment and permitting phase of development at PLS and beyond."

Fission Announces Tier 1 Economics for PLS with Feasibility Study: Lower Initial CAPEX, Increased Mine Life, NPV and IRR

Retrieved on: 
Tuesday, January 17, 2023
Tetra, Permeability, Tetra Tech, Project, Uranium, Strategic environmental assessment, NPV, PLS, Resource management, Nuclear energy, Mining, SLR Consulting, PFS, Environmental impact assessment, Consultant, Triple, Metallurgy, LNG, Environment, TMF, Greenhouse, Economics, Water, Groundwater, Growth, Nitrogen, FS, CAPEX, Feasibility study, Saskatchewan Highway 955, IRR, Oil, Rare-earth element, Tunnel, Athabasca Basin, Fission, Indigenous, Patterson Lake, Clearwater River, Ministry of Oil and Mineral Reserves (Syria)

These impressive FS results further enhance the robust economics outlined in the 2019 pre-feasibility study (the "PFS").

Key Points: 
  • These impressive FS results further enhance the robust economics outlined in the 2019 pre-feasibility study (the "PFS").
  • Of additional note, initial CAPEX is marginally lower (~2%) than the PFS for a total of $1.155B – a remarkable achievement given current global inflation.
  • The results confirm the economic strength of the PLS project as well as its minimal environmental footprint.
  • With nuclear energy and the uranium sector strengthening year on year, Fission is ideally positioned to continue developing PLS through the environmental assessment and licensing phase.