ir@fissionuranium.com
www.fissionuranium.com
TSX SYMBOL: FCU
OTCQX SYMBOL:
FCUUF
FRANKFURT
SYMBOL: 2FU
KELOWNA,
BC, Jan. 12, 2023 /CNW/ - FISSION URANIUM
CORP. ("Fission" or the "Company") is
pleased to announce that it has entered into a Capacity Funding
Agreement (the "Agreement") with the Métis Nation of
Saskatchewan ("MN-S"). Fission's
PLS project (the "Project") in the southwest Athabasca Basin region is within MN-S Northern
Region II. Fission commenced an Environmental Assessment in
December 2021 and is currently in the
final stages of a Feasibility Study. The company intends to
facilitate a comprehensive impact assessment of the Project.
The Agreement formalizes the process for Fission and MN-S to
meaningfully engage in respect of the PLS Project, and work
collaboratively to develop a long-term, mutually beneficial,
cooperative, and respectful relationship.
During this stage of engagement, Fission and MN-S will work to
identify potential impacts to Métis rights, culture, and
traditional land and resource use, and explore options to mitigate
any such impacts. The processes will be funded by Fission and will
also incorporate the sharing of information between Fission and
MN-S with respect to the Project.
Métis Nation Saskatchewan President,
Glen McCallum, stated, "As
the government representing Métis in Saskatchewan, MN–S is committed to listening
to our citizens and ensuring their voices are heard with respect to
our ancestral lands. Engaging with community is an important tool
to drive planning in the Métis way. This agreement marks the start
of what we hope will become a long-term, meaningful relationship
with Fission Uranium Corp. and one that clearly demonstrates
progress can be made when fulsome and considerate discussions are
held with all affected rights holders at the project's
inception."
Ross McElroy,
President and CEO for Fission, commented, "The agreement signed
by Fission and the Métis Nation of Saskatchewan is a sign of the strong
working relationship we have established, and the transparent
communication that has taken place as the PLS project has
advanced. The processes that have been agreed will serve as
an important basis for working more closely together towards mutual
goals as the project continues to advance. I would like to thank
the MN-S and look forward to our future efforts and successes
together."
Fission's Commitment to Engagement
with Rights-holders
This Agreement reflects Fission's commitment to building strong
relationships with rights-holders, including Métis and First
Nations 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 and have input on the PLS
Project's current status and Fission's 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 Corp. is a Canadian 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, British Columbia. Fission's common
shares are listed on the TSX Exchange under the symbol "FCU" and
trade on the OTCQX marketplace in the U.S. under the symbol
"FCUUF."
ON BEHALF OF THE BOARD
"Ross McElroy"
__________________________
Ross McElroy, President and
CEO
Cautionary Statement:
Certain information contained in this press release
constitutes "forward-looking information", within the meaning of
Canadian legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur", "be
achieved" or "has the potential to". Forward looking statements
contained in this press release may include statements regarding
the future operating or financial performance of Fission and
Fission Uranium which involve known and unknown risks and
uncertainties which may not prove to be accurate. Actual results
and outcomes may differ materially from what is expressed or
forecasted in these forward-looking statements. Such statements are
qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. Among those factors which could
cause actual results to differ materially are the following: market
conditions and other risk factors listed from time to time in our
reports filed with Canadian securities regulators on SEDAR at
www.sedar.com. The forward-looking statements
included in this press release are made as of the date of this
press release and the Company and Fission Uranium disclaim any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities
legislation.
SOURCE Fission Uranium Corp.