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Fission Energy (FIS, FSSIF) finds uranium in Australia??

 Jan 15, 2008 12:22 AM UTC
Return Risk
-14.17% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
FIS Positive 01/15/08 -38.13% --

Graphic_arrow1 Via Pink Sheets:  

There's a news report that Fission Energy, the spinoff from Strathmore Minerals has discovered some half-pound-per-ton uranium ore at shallow depth in South Australia. It's not that this is a big find, what surprises me is that they even had any claims down under?!?! I thought it was only in Canada and Peru.

Looking at a PDF about a Fission Energy IPO shows that this is apparently a different company. FIS/FSSIF never had an IPO, it was a spinoff from Strathmore. This particular Fission Energy has 40 uranium exploration licenses in Australia. They aren't very far along with anything, it seems.

UPDATE Tues Jan 15, 2008:
StockInterview comes back to life with an article on the spot price of uranium. However, I find the interesting part is the chart at the bottom of the article showing changes in the long term price.


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