Due to the possibility of a shift towards nuclear power, there is now considerable interest in companies which are involved with uranium mining and one such company that investors could consider looking into this morning is Fission Uranium Corp (OTCMKTS:FCUUF).
Yesterday, the company was in the news after it announced its scintillometer results from the resource upgrade drill program that had been undertaken this summer at its Patterson Lake South property located in Saskatchewan. It should be noted that the entirety of the property is owned by Fission Uranium. The company announced that the property has deposits of high grade Triple R uranium deposits.
However, that was not all. The company also noted that the property could eventually become one of the lowest cost uranium mining properties in the globe. It goes without saying that it was a major announcement from the company and it led to a wave of optimism about the Fission Uranium stock as well.
As investors flocked to the stock, the Fission Uranium stock ended the day with gains of as much as 5%. It is now going to be interesting to see if more investors are attracted to the stock through the rest of the week.