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Additional Information
Market: TSX-V
Sector: General Mining
EPIC: FIS
Latest Price: 0.76  (0,00%)
52-week High: 1.45
52-week Low: 0.49
Market Cap: 76.56M
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Fission Energy
www.fission-energy.com

Fission Energy Corp. (TSX.V-FIS) is a Canadian based uranium exploration and development company with properties in Saskatchewan's Athabasca Basin, Quebec, and the Macusani District in Peru. The Company's shares were spun-out as a distribution by Strathmore Minerals Corp (TSX.V-STM) in 2007. 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 the Waterbury Lake KEPCO Consortium Joint Venture., which is located in close proximity to Hathor's Midwest NE discovery ("Roughrider Zone")

Full Fission Energy profile here
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Fission Energy to cut costs and sharpen focus on Waterbury Lake

8th Dec 2008, 12:00 am 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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