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Market: TSX-V
Sector: General Mining
Epic: .FIS
News: Latest news
Web Site: Fission Energy
Other Articles: 05-03-201024-02-201022-02-2010

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Monday March 15, 11:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Monday March 15, 08:34Robust Resources shares spike on record 82.5M gold-silver zone

The outstanding result came from hole LWD 062 which intersected gold and silver mineralisation over a drilled width of 82.5 metres. It is the widest intersection encountered by Robust in sixteen months of drilling to date.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Fission Energy

Fission Energy

Fission Energy Corp. is a Canadian based uranium exploration and development company with properties in Saskatchewan's Athabasca Basin, Quebec, and the Macusani District in Peru. In 2003-04 Fission assembled one of the largest exploration property portfolios in Saskatchewan's Athabasca Basin; home of the richest uranium deposits in the world. Fission's most valuable exploration asset is Waterbury Lake KEPCO Consortium Joint Venture, which is located in close proximity to Hathor's Midwest NE discovery ("Roughrider Zone") and the AREVA/Denison Midwest deposits.

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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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