02:44:10 EDT Sun 16 May 2021
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Fission Uranium Corp
Symbol FCU
Shares Issued 585,470,481
Close 2021-03-24 C$ 0.56
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Fission U, CRDN sign engagement, capacity deal re PLS

2021-03-25 06:27 ET - News Release

Mr. Ross McElroy reports


Fission Uranium Corp. has entered into an engagement and capacity agreement with the Clearwater River Dene Nation (CRDN). Fission's PLS project in the Athabasca basin is within the CRDN's traditional land use area and is currently advancing toward the feasibility and environmental assessment phases.

The agreement will strengthen the already positive working relationship between Fission and CRDN and provide a process for Fission and CRDN to meaningfully engage in respect of the PLS project. Fission and CRDN will identify potential impacts to indigenous rights, culture, traditional and land resource use, and community interests and explore options to address those impacts. The agreement will facilitate the sharing of information between Fission and CRDN and provides CRDN an opportunity to review and provide advanced feedback on regulatory submissions in respect of the PLS project.

Fission will provide financing for all of these processes, including studies addressing the potential interactions between the PLS project and CRDN indigenous rights, knowledge, culture and traditional land use. Together, these processes will establish a foundation for Fission and CRDN to negotiate a long-term impact benefit agreement if the PLS project is approved.

Chief Teddy Clark of CRDN stated: "CRDN is pleased to announce the signing of this agreement with Fission for the PLS project. The agreement affirms the importance of respecting, understanding and considering CRDN's rights, culture, and traditional land and resource uses when projects are proposed in CRDN's traditional territory. The agreement will provide benefits for the CRDN community by building capacity and supporting skills development, providing employment and contracting opportunities, and facilitating the CRDN community's engagement in the PLS project review and assessment. CRDN thanks Fission for its commitment to building on our relationship and CRDN looks forward to working with Fission to give life to the purposes of the agreement."

Ross McElroy, president and chief executive officer for Fission, commented: "This agreement represents the mutual respect and trust that Fission and the CRDN have developed since work first began at PLS in 2008. Importantly, it formalizes our relationship moving forward, ensuring that the project advances through collaborative efforts and with mutually beneficial goals. I would like to personally thank the CRDN and its leaders for their dedication to achieving this milestone and for their trust in Fission's team and vision."

Fission's commitment to engagement with rights holders

This agreement reflects Fission's commitment to building strong relationships with rights holders, including first nations and Metis communities, throughout the life of Fission's PLS project. The company has met with and continues to consult with top-level representatives of rights holders. The goal is to ensure that all rights holders remain up to date regarding the PLS project's current status and future plans. Fission is also committed to engaging with all stakeholders with an interest in the project, including local communities, municipalities, governments and regulatory agencies.

About Fission Uranium Corp.

Fission Uranium is a Canada-based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property -- host to the class-leading Triple R uranium deposit -- and is headquartered in Kelowna, B.C.

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