Fission Uranium achieves critical milestone through Triple R PEA

Takeover target Fission Uranium has completed a preliminary economic assessment (PEA) on the high-grade uranium resource identified to date on the Triple R uranium deposit, at its 100%-owned Patterson Lake South (PLS) property, in Canada's Athabasca basin region of Northern Saskatchewan. The PEA had established a base case after-tax net present value, at a 10% discount rate, of $1.02-billion for the $1.1-billion project, as well as an after-tax internal rate of return (IRR) of 34.2%.