Fission Energy Corp.


06:19 PM on
28-Aug-08
Cdn 0.56
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Fission Energy Corp is a newly created Canadian based uranium exploration and development company with properties in Saskatchewan's Athabasca basin, Alberta, Quebec and an international property in Peru. The Company's shares were recently spun-out as a distribution by Strathmore Minerals Corp (TSX-STM.V) Fission has one of the largest portfolio of exploration properties in the Athabasca basin: one of the richest uranium deposits in the world. Primary projects in the basin include Waterbury Lake, which surrounds the Areva-Denison Midwest deposit and Davy Lake, where a 51 km long conductor was identified during the 2006 field season. Davy Lake is the largest contiguous exploration block in the basin. At Dieter Lake in Quebec, a NI 43-101 inferred resource totaling 24 million pounds grading .057% U3O8 has been identified. Significant exploration potential exists to expand this resource.