Uranium explorer Fission Energy Corp  (CVE:FIS)(OTCQX:FSSIF) announced Monday the completion of the 2012 winter drill program at its joint venture Waterbury Lake property in Saskatchewan's Athabasca Basin, with 40 of 49 holes at the all-important J Zone hitting mineralization and growing the target area in three directions.

Fission Energy Corp. (CVE:FIS)(OTCQX:FSSIF) late Monday unveiled an NI 43-101 resource estimate for the J-Zone uranium deposit at its 40,256-hectare Waterbury Lake Property, located in the eastern part of the Athabasca Basin.

Fission Energy (CVE:FIS) has been named one of the top picks for 2012 by capital markets firm Versant Partners, as Versant is expecting an "inevitable consolidation" from the uranium explorer.

The partners have traced a uranium boulder field over 5,000 metres and width of up to 900 metres, where 74 cobble and boulder samples were collected, with 25 returning grades of over 10% U3O8, and 23 returning 1 – 10% U3O8

The Waterbury Lake Uranium Project contains 40,256 hectares and is located in the northeast corner of the Athabasca Basin, strategically located within a 200km long prolific north-east trend

Canadian shares declined for a second day, led by miners, as gold fell for the third time in four days. The commodity-heavy Standard & Poor’s/TSX Composite Index (TSE:OSPTX) slid 0.2 percent to 12,633.81 at 12:38 p.m. in Toronto on Friday. The 237-member gauge has gained 1.6 percent this month. The materials subindex, which includes mining shares, fell 0.7 percent. The energy subindex slipped 0.4 percent as oil dropped for a fourth day, while financials, the most heavily-weighted group, slid 0.2 percent.

BRP plans to sell 12.2 million shares for C$21.50 each, the Valcourt, Quebec-based company said in a statement on Wednesday. Based on that price, the company’s market capitalization will be about C$2.5-billion. The IPO is Canada's largest since Hudson's Bay Co. (TSE:HBC), the country's oldest company, raised $365 million in November. 

Treasury Metals (TSE:TML) has unveiled additional drill results from its Goliath gold project in northwestern Ontario, with results showing near-surface intersections as high as 4.18 grams per tonne (g/t) gold. 

Largo Resources (CVE:LGO) is on path to becoming the lowest cost producer of vanadium in the world from a primary source, according to CEO Mark Brennan, with the company's Maracás project in Brazil on pace for commissioning in the fourth quarter.