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Fission Uranium applies for licence to build mine and mill

Winter exploration at the PLS site in Saskatchewan

Winter exploration at the PLS site in Saskatchewan

2nd May 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Uranium developer Fission Uranium has applied to the Canadian Nuclear Safety Commission for a licence to build a uranium mine and mill facility at the PLS project in the Athabasca basin of Saskatchewan.

The company has also started the front-end engineering design as it continues to advance the PLS project.

“Our development path to production is progressing on schedule and, at the same time, the fundamentals for uranium continue to strengthen in line with the global reactor construction boom,” said president and CEO Ross McElroy.

The feasibility study concluded a construction timeline of three years with a projected mine life of ten years and life-of-mine production of 90.9-million pounds of U3O8.

The feasibility study determined an average unit operating cost of below $10/lb.

The 31 039-ha PLS project is 100% owned and operated by Fission Uranium. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine.

Edited by Creamer Media Reporter

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