Fission provides update on community engagement

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TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

KELOWNA, BC, June 7, 2021 / CNW / – FISSION URANIUM CORP. (“Fission” or “the company“) is pleased to report that, as part of its progress towards the feasibility and environmental assessment phases of the PLS project in Saskatchewan, Canada, the Company continues to build mutually respectful, transparent and productive relationships with all local rights holders and stakeholders. This includes the recently signed Commitment and Capacity Agreement with the Clearwater River Dene Nation (“CRDN”) (see press release dated March 25, 2021). The deal strengthens the positive working relationship and establishes a basis for Fission and CRDN to negotiate a long-term impact and benefits agreement if the PLS project is approved.

The processes covered by the agreement include:

  • Prepare, facilitate and coordinate information sharing meetings on the project between CRDN and Fission;
  • Facilitate and conduct a community information meeting on the status of the project;
  • Write, contribute, revise and provide comments on the preliminary documents leading to the environmental impact study;
  • CRDN Comments on the preliminary project description and the final project description;
  • Joint review and agreement on target information to be processed through engagement activities; and
  • Joint work and collaboration on the scope of engagement activities and support budget.

To achieve the results of these processes in a meaningful and collaborative way, Fission and CRDN have established open lines of communication and connect regularly by phone, email and / or meeting. This active and open approach has been paired with a shared communications and engagement tracking journal, requested by the CRDN, to create a cohesive, transparent and accountable way to raise and respond to questions, requests for information and concerns, quickly and efficiently.

As part of the deal, Fission is funding CRDN’s ongoing engagement work, including a study on indigenous rights and knowledge and an impact assessment study on traditional lands and culture. These studies will inform CRDN and Fission and will be incorporated into the ongoing assessment of the Patterson Lake South Fission project.

Chief Clark commented: “The CRDN is not against economic development in our traditional territory and appreciates the steps Fission Uranium is taking in its approach to address the concerns of the nation. The Dene Nation of Clearwater knows that the duty to consult, accommodate and reconcile rests with governments. We will never have another “Cluff Lake” on our land. We welcome companies interested in learning more about our nation and our constitutionally protected rights to lands like Fission. ”

South Patterson Lake Property

The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-season Highway 955, which runs north to the old Cluff Lake and passes the neighboring Nexgen Arrow deposit located 3 km to the east and the UEX-Areva Shea Creek discoveries located 50 km to the north.

This press release has been prepared in accordance with the Fission Dene Nation and Clearwater River engagement process.

The technical information contained in this press release has been prepared in accordance with 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 of Fission Uranium Corp., a Qualified Person.

About Fission Uranium Corp.

Fission Uranium Corp. is a Canadian resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property – host to the category-leading Triple R uranium deposit – and headquartered in Kelowna, British Columbia. The common shares of Fission are listed on the Toronto Stock Exchange under the symbol “FCU” and trade on the OTCQX market in the United States under the symbol “FCUUF”.

ON BEHALF OF THE BOARD

“Ross McElroy”

Ross McElroy, President and CEO

Caution :
Certain information contained in this press release constitutes “forward-looking information” within the meaning of Canadian law. Generally, such forward-looking statements can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “expected” , “Estimates”, “anticipates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or declares that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “occur”, “be reached” or “has the potential to”. The forward-looking statements contained in this press release may include statements that involve known and unknown risks and uncertainties which may not prove to be correct. Actual results may differ materially from what is expressed or expected in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Factors that could cause actual results to differ materially include: investment risks, risks related to Fission’s limited business history, risks related to the nature of mineral exploration and development, resource discrepancies actual and estimated minerals, risks related to the volatility of uranium market prices, risks related to the market value of Fission common shares, risks related to market conditions, risks related to the novel coronavirus pandemic ( COVID-19), including disruptions to the Company’s business and operational plans, risks related to global economic uncertainty resulting from the novel coronavirus (COVID-19) pandemic and other risk factors listed from from time to time in our reports filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. , unless expressly required by applicable securities legislation.

SOURCE Fission Uranium Corp.

For more information: Investor Relations, TF: 877-868-8140, [email protected], www.fissionuranium.com

Related links

http://www.fissionuranium.com/



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