fcu presentation update 2013 july 10
DESCRIPTION
The Agoracom conference update for Fission Uranium Corp as delivered Dev Randhawa, the founding CEO and Chairman of the company which was spun out of Fission Energy, which Dev Randhawa founded in 2006 and later sold to Denison Mines. Dev Randhawa is an acknowledged expert in the resources sector and has a well-established track record as a Chairman and CEO. In this capacity he has founded and grown several highly successful junior resource exploration companies prior to Fission Uranium Corp. Prior to his time as a CEO, Dev Randhawa built a successful career in the corporate banking sector. Dev Randhawa is probably best known for Fission Energy which he founded and grew into a corporation that was named a Top 50 TSX company in 2011 due to its high performance.TRANSCRIPT
July 10, 2013
Fission Uranium Corp
Growing World Class Discoveries
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 2 @fissionuranium www.fissionuranium.com
July 10, 2013
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.
All historical resource estimates were completed prior to the implementation of NI 43-101 and the Company has not done the work necessary to verify the classification of the resource or reserve, they should not be relied upon or considered a defined resource according to NI 43-101; Except for those properties where NI 43-101 have been completed.
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 COO for Fission Uranium Corp., a qualified person.
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 3 @fissionuranium www.fissionuranium.com
July 10, 2013
With Strategic Partners: Increasing Value since 1996
Fission Energy Corp Beginning in 2007 $2m Market Cap
grows to > $150m in 2013 KEPCO JV ($44m) 2 Major Discoveries in 3 years Denison Mines Acquires Assets 2013 Fission Uranium Corp Spin-Off 2013 Notable JV Partners:
KEPCO Rio Tinto Uranium One JOGMEC JCU Denison Mines
Strathmore Minerals Corp Beginning in 1996 $2m Market Cap
grows to > $457 in 2007 Sumitomo Corp JV ($50m) Fission Energy Corp Spin-Off 2007
Fission Uranium Corp PLS Discovery $17m Cash Management and Technical Team
from Fission Energy
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 4 @fissionuranium www.fissionuranium.com
July 10, 2013
-50%
0%
50%
100%
150%
200%
250%
300%
FISSION
UEC
ENERGY FUELS
URANIUM ONE
DENISON
URA ETF
PLS Discovery Hole 22
Denison LOI
PLS Winter Drilling
FCU Spinout / Assays
+ 278 %
- 9 %
+ 28 %
+ 0 %
- 10 %
Fission Shareholder Value Increase Compared with
Peers and Uranium ETF since Nov 2012
Nov /12 Dec /12 Jan /13 Feb /13 Mar /13
+ 6 %
Apr /13 May /13 Jun /13
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 5 @fissionuranium www.fissionuranium.com
July 10, 2013
Electricity Demand to Grow 76% by 2030 The number of nuclear reactors is rising to meet it
By 2030: China +200 India +74 Russia +47 United States +27 Saudi Arabia +16 United Kingdom +13 UAE +14 S. Korea +9
Growth Developed
Source: World Nuclear Association April / 13
Under Construction: +67
Proposed by 2030: +317
Current Reactors Operating: 435
Developed
Within 8 – 10 Years: +164
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 6 @fissionuranium www.fissionuranium.com
July 10, 2013
Uranium: The Supply Crunch
0
20
40
60
80
100
120
140
160
2011 2012 2013
HEU Agreement
SecondarySources
Mining Production
*
U3O8 lbs (million)
* Source: World Nuclear Association
2013 End of the HEU agreement
Expected supply gap
Uranium prices should rise
2013 Demand to equal 146m lbs U3O8 Current output 121m lbs *
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 7 @fissionuranium www.fissionuranium.com
July 10, 2013
Uranium: Higher prices are here to stay
Fukushima
Source: Ux Consulting Company LLC
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July 10, 2013
Show me the Grade: The 5 Top Regions
0
0.5
1
1.5
2
Kazakhstan Namibia Australia Niger Canada
Average Grade - % U308
(South Inkai) (Langer Hienrich) (Ranger)
(Akouta)
(Athabasca) Source: WNA
.08%
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July 10, 2013
Understanding the Value of Uranium Grades
1% U308 at $60/lb GOLD 0.84 oz/t 26 g/t Au
SILVER 49 oz/t
COPPER 16.7%
NICKEL 8.3%
GRADES & VALUES Metal Grade lbs/t $/unit Value/t
U3O8 (lb) 1% 22 $60 $1323
Au (oz) 0.84 oz/t - $1580 $1327
Ag (oz) 49 oz/t - $27 $1323
Cu (lb) 16.7% 368 $3.6 $1325
Ni (lb) 8.3% 183 $7.2 $1317
Calculated in $US using Metric Tonnes and Troy Ounces as of April 10/13
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 10 @fissionuranium www.fissionuranium.com
July 10, 2013
ENVIRONMENT
• Political stability
• Pro-mining
• Permitting
INFRASTRUCTURE
• Mills nearby
• Power Grid
• Highways & Air
GRADES More than
X10 World average
Post Fukushima: Rio Tinto Spends $654M
To Gain A Foothold In The Athabasca Basin 40 years of mining, supplying 19% of the world’s uranium
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July 10, 2013
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 12 @fissionuranium www.fissionuranium.com
July 10, 2013
Depth of Major Discoveries in the Athabasca
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July 10, 2013
Fission’s Athabasca Properties
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July 10, 2013
New Discovery at PLS
39.6% U3O8
Assays Highlights Include:
R00E
PLS13-059 upper zone 6.5m @3.61% U3O8 including 2.5m@ 8.99% U3O8
lower zone 20.5m @8.57% U3O8 including 9.4m@ 17.78% U3O8
R390E
PLS13-051 53.0m @6.57% U3O8 including 10.5m @29.26% U3O8
PLS13-053 49.5m @6.26% U3O8 including 6m @35.0%, U3O8 16.5m@ 2.63% incl 3m @13.19% U3O8
39.6% U3O8
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July 10, 2013
Radon Surveys Identify 11 Anomalies
39.6% U3O8
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July 10, 2013
PLS: Three Mineralized Zones within 800m
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July 10, 2013
17
PLS : East-West Longitudinal Section
31.6% U3O8
R00E Zone R390E Zone R780E Zone
60m
>120m
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July 10, 2013
PLS13-038: Lithology-Downhole Gamma-Scint-Assays
De
pth
(m
)
CPS
Assays Geology Downhole Gamma
Hand Scint
34m @ 4.92% U3O8
17.5 @ 0.96% U3O8
12.5m @ 12.38% U3O8
5.5m @ 2.07% U3O8
0 40 0 100k % U3O8
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July 10, 2013
19
R390E Zone: Longitudinal View of Drill-Holes
L375E L390E L405E
PLS13-053 PLS13-038 PLS13-051 PLS13-066
L420E
100m 100m
25,000 50,000 75,000 25,000 50,000 75,000 25,000 50,000 75,000 25,000 50,000 75,000 100,000 100,000 100,000 100,000
34m @ 4.92% U3O8 incl.12.5m @ 12.38%
66.5m of Mineralization with 18.9m off-scale *
53.0m of Mineralization with 13.89m off-scale *
64.0m of Mineralization with 5.57m off-scale *
57.5m of Mineralization with 11.65m off-scale *
53m @ 6.57% U3O8 incl.10.5m @ 29.26%
49.5m @ 6.26% U3O8 incl. 6m @ 35.0%
16.5m @ 2.63% U3O8 incl 3m @ 13.19%
17.5m @ 0.96% U3O8
63.5m @ 1.15% U3O8 incl. 6m @ 2.6%
* Mineralization = >300 cps in 0.5m and off-scale is >9999 cps using an Exploranium G-110 Scintillometer
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July 10, 2013
PLS : Resistivity Survey
31.6% U3O8
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July 10, 2013
PLS : Boulder Field and Drilling Discovery
31.6% U3O8
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July 10, 2013
Highlights:
Patterson Lake North (PLN) 50% JV with Azincourt Resources Inc.
$16.7M Earn in Agreement
Adjacent to PLS and 5.7km north of the Discovery
Part of the same structural corridor as PLS
$4.7M invested in geophyisics and site prep
Together with Radon and Helium Surveys, 2000m drilling program planned for year 1
Clearwater West Adjacent to PLS property to the south
Staked December 2012
Part of the same structural corridor as PLS
Beaver River Acquired in May 2013 44km East of
Uranium City
Historical assays include 3.66%, 3.37%, 2.93% U3O8
Fission’s Western Athabasca Properties
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 23 @fissionuranium www.fissionuranium.com
July 10, 2013
PLS : Boulder Field and Drilling Discovery
31.6% U3O8
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July 10, 2013
PLS : Summer Exploration Program
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July 10, 2013
PLS : Summer Drilling Area
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July 10, 2013
Staked in1998
First property staked in the emerging Macusani district
Nine concessions covering 5100 ha
Near-surface
mineralization
Macusani Property, Peru
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 27 @fissionuranium www.fissionuranium.com
July 10, 2013
Dev Randhawa, Chairman & CEO Fission founding CEO and chairman since
2007 leading company to Tier One status Former CEO/founder of Strathmore Minerals Founder of Pacific Asia China Energy and sold
for $34M
Ross McElroy, President and COO Formerly with Cameco, Areva, BHP Billiton Instrumental in four of the last nine major
uranium discoveries in the Athabasca Basin, including Fission’s Waterbury Lake
Professional geologist of 25+ yrs exp
Paul Charlish, VP Finance 23 years finance experience including public
practice, audit/tax & public companies
Greg Downey, CFO CMA with 20 years of audit, tax and industry
experience
Richard Matthews, IR Manager Experienced IR professional Business development expert who has
previously founded and managed several successful businesses
Fission’s Management Team
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 28 @fissionuranium www.fissionuranium.com
July 10, 2013
Financial Summary Market Cap: $110.0 million (as at July 5, 2013) Cash: C$ 17.0 million (as at April 30, 2013) Daily trading Average: 1.2 million Shares outstanding: 149.4 million Warrants: 4.2 million Options: 5.6 million Fully diluted: 159.3 million (as at April 30, 2013) Management Team & Board:
Dev Randhawa, MBA - Chairman, CEO, Director Ross McElroy, P.Geol. - President & COO, Director Frank Estergaard, CA – Director William Marsh – Director Jeremy Ross – Director
Executive Advisory Board: Ron Netolitzky, P.Geol. Michael Halvorson
Analyst Coverage David Talbot – Dundee Securities, Toronto Rob Chang – Cantor Fitzgerald, Toronto David Sadowski – Raymond James, Vancouver Heiko Ihle – Euro Pacific Capital, New York
Institutional Ownership Sprott Asset Management 8.8% Middlefield Securities 3.2% Frontstreet 1.7% Goodman 1.5% First Canadian 1.4%
Corporate Summary
TSX-V: FCU OTCQX: FCUUF FSX: 2FU 29 @fissionuranium www.fissionuranium.com
July 10, 2013
Notes
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Fission Uranium Corp
Phone: 250.868.8140
Toll Free: 1.877.868.8140
Email: [email protected]
Web: www.fissionuranium.com
Rich Matthews, Investor Relations
Phone: 778.484.8026
Email: [email protected]
For further info, contact: