![]() The whole sector has been under a black cloud since the Fukushima disaster in March 2011. (He later withdrew his proposal.)įission shares have fallen sharply alongside other junior uranium stocks. The company also faced a proxy battle from Jim Gifford, a frustrated investor who wanted to replace the board with a new slate of directors. fell apart after it failed to get enough shareholder support. The company’s proposed merger with Denison Mines Corp. In September, the company released an economic study suggesting the project could produce more than seven million pounds of uranium a year at low operating costs of US$14 a pound.ĭespite the promise, Fission is having a very turbulent year. They can own 100 per cent of an exploration company like Fission.įission’s PLS project is one of the best new uranium finds in Saskatchewan’s Athabasca Basin in decades. Foreign companies are not allowed to own more than 49 per cent of a uranium mine in Canada, unless they cannot find a Canadian partner or they get federal government approval. This investment would not violate the foreign investment restrictions on Canada’s uranium sector. No other country has more than nine reactors under construction. China currently has 21 nuclear reactors under construction and 43 more that are planned, according to the World Nuclear Association. ![]() Denison, Fission see merger as unique opportunity in ‘depressed’ uranium marketĬhina is keen to source future uranium supplies, because the country is in the midst of a massive nuclear power build-out to support its economy. ![]()
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