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Market: TSX
Sector: General Mining
Epic: TSX-FIS
News: Latest news
Web Site: Fission Energy
Other Articles: 24-04-200917-03-200918-02-2009

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Friday July 03, 10:01Commercial property: The contrarian view

The global recession has hit commercial real estate companies hard, with capital values falling 43.6% from their peak in June 2007.

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Friday July 03, 05:05White Canyon Uranium CEO to progress production at Daneros Uranium Mine in 2009

The company has a new Managing Director and CEO - Peter Batten - as of this week. The Daneros Mine has recently received its Permit to Mine in Utah - with production expected in 2009.

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Fission Energy

Fission Energy

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.
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Monday, December 08, 2008

Fission Energy to cut costs and sharpen focus on Waterbury Lake

Fission Energy (TSX-V:FIS) joined the growing number of exploration juniors to announce a significant range of measures to cut costs while sharpening focus on their most promising projects.

Fission Energy said it has executed a series of cost cutting measures, including a 20% salary cut for senior management, effective January 1, 2009, to ensure the company would not need to return to the markets in the near term. Fission’s cash position currently stands at approximately C$3.2 million, and is free carried through a C$4 million 2009 exploration campaign at Waterbury Lake.  Fission Energy is the operator, while the Korea Waterbury Lake Consortium, led by Korea Electric Power Corporation, are earning into the project.  A ground gravity survey is currently being completed in the “Discovery Bay” area, ahead of a planned 6,000 metre winter drill program to further test the Discovery Bay Zone.

Dev Randhawa, CEO of Fission Energy said it was a challenging time for companies: "Although this is the most challenging period I have witnessed at any time in the past 20 years, Fission's experienced team has quickly responded with the necessary adjustments shareholders are demanding, which in turn has allowed Company President and Chief Geologist Ross McElroy to effectively prepare for the important next phase of exploration at Waterbury Lake."

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