FISSION URANIUM CORP. PLS-TRIPLE R
DEVELOPING THE ATHABASCA BASIN'S NEXT ELITE SHALLOW HIGH- GRADE URANIUM MINE
TSX:FCU OTCQX:FCUUF
FISSION URANIUM INVESTOR PRESENTATION | TSX:FCU OTCQX:FCUUF | PAGE 2 |
DISCLAIMER & TECHNICAL INFORMATION
DISCLAIMER
The following information may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
TECHNICAL INFORMATION
Certain of the technical information contained herein is derived from the January 17, 2023 news release entitled "Fission Announces Tier 1 Economics for PLS with Feasibility Study: Lower Initial CAPEX, Increased Mine Life, NPV and IRR" describing results of a FS completed on the project - a copy of which will be filed on the Company's profile on SEDAR at www.sedar.com within 45 days. The FS considers the PLS project as a stand-alone mine and mill operation, which includes development and extraction of the R00E, R780E and R840W zones (Triple R deposit), based on a number of inputs, estimates, and results.
The technical information in this corporate presentation has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the company by Ross McElroy, P.Geol. President and CEO for Fission Uranium Corp., a qualified person.
The Mineral Resources have an effective date of September 12, 2022, and are reported at a cut-off grade of 0.25% U3O8 based on a long-term price of US$50 per lb U3O8 and PFS cost estimates. Mineral Reserves have an effective date of January 17, 2023, and are reported at a cut-off grade of 0.25% U3O8 based on a long-term price of US$65 per lb U3O8 and FS cost estimates.
FISSION URANIUM INVESTOR PRESENTATION | TSX:FCU OTCQX:FCUUF | PAGE 3 |
FISSION URANIUM SNAPSHOT
"Fission Uranium is on schedule to become one of the world's lowest cost uranium producers by 2029"
ADVANCED ASSET WITH UNIQUE ADVANTAGES
- Elite economics in leading uranium jurisdiction
- Shallow, high-grade deposit with clear growth path
- Major regional exploration potential
INDUSTRY LEADING URANIUM DEVELOPMENT TEAM
- Deep expertise in uranium mine development, operations, community & environment
- Award-winningmanagement and exploration team
ON TARGET FOR PRODUCTION BY 2029
- PLS project progressing rapidly through environmental and permitting stage
- Development milestones being met on time and on budget
- Fast, predictable, low risk construction
FISSION URANIUM INVESTOR PRESENTATION | TSX:FCU OTCQX:FCUUF | PAGE 4 |
INVESTMENT HIGHLIGHTS
HUGE GLOBAL DEMAND GROWTH | TIMING ADVANTAGE | |
• | Climate change, EVs and energy transition | • Uranium sector in sustained deficit; |
• | Geopolitical conflict | approaching historical supply gap |
• | Energy security means Canadian uranium | • Fission owns one of the few advanced |
now critical to western utilities | development projects able to enter production | |
this cycle |
SUSTAINABLE DEVELOPMENT | TIER ONE ECONOMICS | |
• | Minimal environmental footprint | • Highly cash generative |
• | Supportive rights holders & stakeholders | • 2023 avg. cash costs $9.77/lb U3O8 (C$13.02) |
• Clear economic benefits for communities & | • After-tax NPV8% of $903M (C$ 1,204M) | |
Province |
FISSION URANIUM INVESTOR PRESENTATION | TSX:FCU OTCQX:FCUUF | PAGE 5 |
URANIUM'S UNSTOPPABLE DEMAND DRIVERS
- Reactor construction boom with estimated 40% new reactors online by 20401
- New nuclear programs in major economies throughout EU, N. America, Asia, and Middle East
- Geopolitical risk has created an overwhelming demand for energy security, resulting in policy and financial support for reactor fleets
- Commercial small modular reactors now a reality with multiple units under construction globally
The energy transition, geopolitics,
and energy security have fundamentally altered the trajectory of nuclear energy and the uranium market that fuels it.
FISSION URANIUM INVESTOR PRESENTATION | TSX:FCU OTCQX:FCUUF | PAGE 6 |
URANIUM'S GENERATIONAL SUPPLY CHALLENGE
The uranium market has been in a sustained state of supply deficit since 2018.
PRIMARY SUPPLY YET TO RECOVER FROM 10-YEAR BEAR MARKET
- Producing mines left with depleted reserves, grades
- Expansion projects require major capex
- Few advanced development-stage projects
- Greatly reduced secondary supply
- Incentive price for new production upwards of USD $90/lb
UNPRECEDENTED ONGOING GEOPOLITICAL RISK TO URANIUM SUPPLY
- ~40% global supply from Kazakhstan (borders Russia, Ukraine)
- ~8% global supply from Russia (war with Ukraine, economic war with the West)
- ~5% global supply from Niger (military coup in 2023, Orano has halted ore processing due to sanctions)
FISSION URANIUM INVESTOR PRESENTATION | TSX:FCU OTCQX:FCUUF | PAGE 7 |
- GENERATIONAL MOMENT FOR INVESTMENT IN URANIUM
- Buy-and-holduranium funds removing multi-million lbs from spot market
- Bifurcating markets have increased potential for price spikes
- Fission Uranium on target for production when deficit begins its biggest increase.
150000
125000 | EST. FISSION URANIUM |
PRODUCTION START | |
100000 | |
75000 | |
50000 | |
25000 |
0 | ||||||||||
2020 | 2022 | 2024 | 2026 | 2028 | 2030 | 2032 | 2034 | 2036 | 2038 | 2040 |
Specified secondary supply | Unspecified supply | Mines under development | ||||||||
Restarted idled mines | Reactor requirements | Prospective mines | ||||||||
Planned mines | Existing mines | Commercial Inventory |
Reference Scenario for Uranium Supply/Demand, tU
Source: WNA Nuclear Fuel Report 2021
FISSION URANIUM INVESTOR PRESENTATION | TSX:FCU OTCQX:FCUUF | PAGE 8 |
NUCLEAR'S ROLE IN THE ENERGY TRANSITION
"There is no path to net zero carbon without nuclear"
- Nuclear energy saves our atmosphere from over 470 million metric tons of carbon emissions each year.1
- Power grids are designed for constant power supply and need massive upgrades to use a large percentage of solar and wind. These upgrades will take decades and require vast CAPEX.
- Nuclear is a vital transitional energy source because no alternative for clean, low cost, constant power.
- According to the IEA, nuclear energy capacity must double for the world to reach net zero.
gCO2 Equivalent per kWh | |||||||||
900 | |||||||||
600 | Agency | ||||||||
Energy | |||||||||
300 | International1 | ||||||||
0 | |||||||||
Coal | Biomass | Natural | Biomass Solar PV | Solar PV | Geothermal Solar | Hydro | Nuclear | Wind | Wind |
Co Firing | Gas | Utility | Roof | Concentrated | Power | Offshore | Onfshore |
Average life-cycle CO2 equivalent emissions.
FISSION URANIUM INVESTOR PRESENTATION | TSX:FCU OTCQX:FCUUF | PAGE 9 |
THE PREMIER HIGH-GRADE URANIUM DISTRICT
Athabasca Basin, Saskatchewan Canada
JURISDICTION | GLOBAL SUPPLIER |
Stable, supportive government and | Canada (Saskatchewan) is the world's second |
communities, skilled workforce and established | largest producer of uranium, accounting for |
infrastructure. Straightforward permitting | roughly 13% of total global output. |
TOP-RATED | GRADE |
Saskatchewan is the 2nd most attractive | 10 to 20 times Global Average |
jurisdiction in the world for mining investment - | |
2021, the Fraser Institute |
AVERAGE GRADE % U3O8 (approximate average grade)
2.5
2.0
1.5
1.0
0
Kazakhstan | Namibia | Canada | Australia | Uzbekistan |
CANADA'S
ATHABASCA
BASIN DISTRICT
WEST CLUFF
PROJECT
PLS PROJECT
FISSION URANIUM INVESTOR PRESENTATION | TSX:FCU OTCQX:FCUUF | PAGE 10 |
LAROCQUE
PROJECT
Carswell Structure | Hurricane | |||
Zone | ||||
Cluff Lake Mine | ||||
McCLEAN | ||||
PAST PRODUCER | ATHABASCA BASIN | |||
Shea Creek | LAKE MILL | |||
RESOURCE ESTIMATE | ||||
PLN A-1 | ||||
NEW DISCOVERY | Cigar | |||
Arrow | Lake | |||
FEASIBILITY STUDY (FS) | McArthur | |||
Spitfire | River |
DISCOVERY
Wheeler
River
FCU PROPERTY HOLDINGS MILL LOCATION
TRIPLE R
FEASIBILITY STUDY
CLEARWATER
GRANULITE
DOMAIN
KEY LAKE MILL
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Fission Uranium Corp. published this content on 05 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2023 11:26:07 UTC.
