TSX SYMBOL: FCU
OTCQX SYMBOL:
FCUUF
FRANKFURT
SYMBOL: 2FU
KELOWNA,
BC, July 18, 2022 /CNW/ - FISSION URANIUM
CORP. ("Fission" or the "Company") is
pleased to announce that it has entered into an engagement and
communication agreement (the "Agreement") with the Buffalo
River Dene Nation ("BRDN"). Fission's PLS project (the
"Project") in the southwest Athabasca Basin region is within the BRDN's
Ancestral Lands. Fission commenced an Environmental Assessment in
December 2021 and is currently
advancing through a Feasibility Study. The company intends to
facilitate a comprehensive impact assessment of the project.
Fission wishes to build relationships and engage with Indigenous
and local communities and to facilitate their involvement in the
assessment of the project and its development. The Agreement
formalizes a process for Fission and BRDN to meaningfully engage in
respect of the PLS Project, and strengthens the positive,
cooperative working relationship that has been established.
Fission and BRDN will jointly develop mutually acceptable
engagement processes to enhance information sharing, to facilitate
BRDN participation in discussions, planning, assessment, and review
activities, and to support BRDN in reviewing and providing feedback
on relevant aspects of the Project. Fission and BRDN will also work
together to identify any potential impacts of the Project on the
Indigenous Rights, culture, traditional and land resource use, and
community interests of BRDN and explore options to mitigate those
impacts. Additionally, Fission and BRDN will work to identify and
effectively utilize traditional knowledge to enhance the
Project.
Fission will provide funding for all of these processes.
Together, these processes will establish a foundation for Fission
and BRDN to negotiate a long-term impact benefit agreement if the
PLS Project is approved.
Chief Catarat of BRDN stated, "Our Nation is
excited to start building a long-term relationship with Fission
through meaningful engagement and trust. The community development,
training, and employment could support generations."
Ross McElroy,
President and CEO for Fission, commented, "This Engagement and
Communication agreement is the result of open and respectful
communication between Fission and the BRDN and it reflects our
productive working relationship. We now have the processes in place
to work effectively towards mutually beneficial goals and I would
like to thank BRDN and its leadership for their straightforward
approach as well as their trust in Fission's team."
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
Métis 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 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
www.fissionuranium.com
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.