Fission uranium website full#

There is no doubt in anyoneвЂ™s mind that Fission owns a world-class deposit. LetвЂ™s start by taking a look at the basics. M&A often indicates a bottom, and the proposed transaction would have cut back on costs while bolstering combined ability.Д«ut the deal did not go through and now investors must decide where to put their money. Asset sizes are comparable, management teams are both competent, and even the shares have traded in near tandem for the past 12 months!ДЄnother merger in the uranium space would have been a strong sign for investors. The quandary for investors looking to buy into the leading Athabasca exploration play is which one to chose. While FCU Oversight eventually retreated, FissionвЂ™s momentum was slowed and the merger fell through.

One dissident shareholder, FCU Oversight, really did not like the proposed merger, and even nominated his own board of directors. While Denison shareholders strongly supported the deal, Fission shareholders did not. The drama first began last summer when Fission Uranium (FCUUF) and Denison Mines (NYSEMKT:DNN) canceled their proposed merger to create the leading junior uranium vehicle in the Athabasca Basin. The markets almost witnessed another consolidation between Fission Uranium and Denison Mines however, that merger fell through. Exploration companies, unable to raise money to drill have been falling like dominoes. A slew of mergers and acquisitions such as Hathor, Uranium One, and Uranerz have left fewer options on the table for investors. This is the natural state of any bear market, but particularly for uranium. Long-term supplies are key for any utility and this will be seen in pricing as more and more sources are locked up.ДЄs fundamentals continue to improve, potential avenues for investment continue to dwindle. The deal is estimated to be worth ~$22 billion and would give the Chinese access to AREVA's nuclear fuel cycle, including: uranium mining, front end, recycling, logistics, decommissioning and dismantling.ДЄREVA has interests in three of the four largest uranium operations in the world, and we foresee China pursuing this deal to ensure its 29 reactors in operation and 22 under construction will have safe sources of uranium. On the production front, AREVA and the China National Nuclear Corporation (CNNC) signed a memorandum of understanding for a possible partnership where CNNC could take a minority stake.

Intuitively, this is positive news for both renewables and nuclear power. On a macro level, the developed nations of the world continue to work on lowering CO2 emissions, with the energy sector being singled out.

Fission uranium website full#

It is only a matter of time before the full regiment of 48 reactors come back online.ДЄt the Conference of Parties in Paris earlier this month, uranium received another huge endorsement, with scientists and lobbyists endorsing nuclear power as an environmental source of energy. Prior to the Fukushima meltdown, the country derived over 30% of its electricity from nuclear. This follows the successful restart of Sendai 1 and 2 earlier this year, a clear sign that Japan is warming back up to nuclear power. In Japan, the mayor of Takahama, Yutak Nose, has agreed to restart the Takahama No. But, unbeknownst to the general public, circumstances for uranium continue to improve. Currently priced at $36 per pound, the global cost to produce a pound of uranium far exceeds the going market rate. Uranium has been trading flat for several weeks.