Fission Uranium Corp. is a mineral exploration company. It is engaged in the exploration and development of uranium assets. Its sole project is the Patterson Lake South (PLS) Project located in Canada's Athabasca Basin District.
14-726: FCU may refer to: Organisations [ edit ] Fission Uranium Corp. (TSX code: FCU), a Canadian mining company Education [ edit ] Feng Chia University , in Taichung, Taiwan Filamer Christian University , in Roxas, Capiz, Philippines Fukien Christian University , now Fujian Normal University, in Fujian, China Fukuyama City University , in Hiroshima, Japan Finance [ edit ] Federal credit union , in
28-509: A corporation's stockholders develop opposition to some aspect of the corporate governance, often focusing on directorial and management positions. Corporate activists may attempt to persuade shareholders to use their proxy votes (i.e., votes by one individual or institution as the authorized representative of another) to install new management for any of a variety of reasons. Shareholders of a public corporation may appoint an agent to attend shareholder meetings and vote on their behalf. That agent
42-638: A firm founded in 1996 by Dev Randhawa. Under his leadership, Strathmore Minerals spun out Fission Energy Corp in 2008, and time Randhawa left Strathmore to run Fission Energy. Ross McElroy joined Fission Energy and led the company's technical team to its first major discovery: the J Zone at Waterbury Lake in Saskatchewan's Athabasca Basin. A second discovery, at PLS in the Athabasca Basin, was made in November 2012. In 2013, Fission Uranium Corp.
56-467: A series of awards since its founding. These include: The Northern Miners "Mining Person/s of the Year, 2013", PDAC's "Bill Dennis Award for a Canadian Discovery and Prospecting Success, 2014" and The Mining Journal's "Exploration of the Year, 2015". Proxy fight A proxy fight , proxy contest or proxy battle is an unfriendly contest for control over an organization. The event usually occurs when
70-434: Is the shareholder's proxy. In a proxy fight, incumbent directors and management have the odds stacked in their favor over those trying to force the corporate change. These incumbents use various corporate governance tactics to stay in power, including: staggering the boards (i.e., having different election years for different directors), controlling access to the corporation's money, and creating restrictive requirements in
84-427: The bylaws . As a result, most proxy fights are unsuccessful; except those waged more recently by hedge funds , which are successful more than 60% of the time. However, previous studies have found that proxy fights are positively correlated with an increase in shareholder wealth. Due to their out-sized influence with many institutional investors, proxy advisors play a key role in many proxy fights. In many cases,
98-665: The Patterson Lake South project for the investment of $ 82 million at a price of $ 0.85. The PLS project is Fission's core asset and is host to the Triple R deposit, the undeveloped uranium deposit in Canada's Athabasca Basin District. The property consists of around 17 contiguous claims totaling over 30,000 hectares located approximately 550 kilometers north-northwest of the city of Prince Albert and 150 kilometers north of
112-689: The US Florida Credit Union , an American financial institution Foreign & Colonial Eurotrust , a British investment trust Football clubs [ edit ] FC Uijeongbu , South Korea FC Ultramarina , Cape Verde F.C. United of Manchester , England FC Unterföhring , Germany 1. FC Union Berlin , Germany FC Utrecht , the Netherlands Science and technology [ edit ] Fan coil unit , in HVAC systems Flexor carpi ulnaris muscle , in
126-640: The community of La Loche. The PLS Property is located within the Mid-Boreal Upland Ecoregion of the Boreal Shield Ecozone . In December 2016 the company announced it would conduct a 10,000 metre drill program to test regional targets outside of the Triple R Deposit. The PLS project is on traditional lands belonging to the Clearwater River Dene Nation , and in 2021, CRDN said they did not support
140-755: The forearm Fuel control unit , in gas turbine engines Fused connection unit, the name for a permanent wiring outlet in electrical wiring in the United Kingdom Other uses [ edit ] Flight Control Unit, basically the Autopilot in Aviation Fact Checkers Unit , an American comedy series Ferrovia Centrale Umbra , a railway line in Italy Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
154-562: The project. In February 2017 Fission announced it had expanded near-surface, high-grade uranium zones at each end of its 2.6 kilometer mineralized trend as well as discovered new mineralization located 660 metres from the R840W zone. In April 2017 Fission reported it had expanded the R1515W zone and in turn extended the mineralized trend at Patterson Lake South to 3.17 kilometers. Fission Uranium and its management and technical teams have won
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#1732780308452168-517: The title FCU . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=FCU&oldid=1218723315 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Fission Uranium Corp. Fission's history can be traced directly to Strathmore Minerals Corp.,
182-431: Was opposed by some of the company's shareholders, who staged an attempted ‘ proxy fight ’ The attempt failed and Fission's incumbent board of directors received an overwhelming majority of the shareholder vote In January 2016, Fission Uranium Corporation entered into an agreement with Hong Kong-based utility subsidiary CGN Mining, which took a 19.9% share in the company and purchased up to 35% of annual production from
196-481: Was spun out of Fission Energy b after a deal was made with Denison Mines Corp to acquire all assets except PLS. In January, 2015, Fission Uranium announced a major resource estimate in the indicated and inferred categories which, at that time, was the largest undeveloped resource in the Athabasca Basin region. In Fall 2015, Fission Uranium became embroiled in a dispute with a small group of dissident shareholders over an attempted merger with Denison Mines Corp. The deal
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