ir@fissionuranium.com
www.fissionuranium.com
TSX SYMBOL: FCU
OTCQX SYMBOL:
FCUUF
FRANKFURT SYMBOL: 2FU
KELOWNA,
BC, Nov. 10, 2022 /CNW/ - FISSION URANIUM
CORP. ("Fission" or the "Company") is
pleased to announce that it has entered into an Engagement and
Capacity Agreement (the "Agreement") with the Birch Narrows
Dene Nation ("BNDN"). Fission's PLS project (the "Project")
in the southwest Athabasca Basin
region is within the BNDN's Ancestral Lands. Fission commenced an
Environmental Assessment in December
2021 and expects to complete a Feasibility Study by the end
of 2022.
Fission continues to actively develop relationships and engage
with Indigenous and local communities to facilitate their
involvement in the assessment of the project and its development.
The Agreement creates a process for Fission and BNDN to
meaningfully engage in respect of the PLS Project, and strengthens
the positive, cooperative working relationship that has been
established.
Fission and BNDN will jointly develop mutually acceptable
engagement processes to enhance information sharing, to facilitate
BNDN participation in project planning, assessment, environmental
studies, and review activities. The Agreement will support BNDN in
reviewing and providing input on relevant aspects of the Project.
Fission and BNDN will also work together to identify potential
impacts of the Project on the Indigenous Rights, culture,
traditional and land resource use, the environment, and community
interests of BNDN and explore options to mitigate or avoid those
impacts. Additionally, Fission and BNDN 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 enable Fission and BNDN to continue
to share information with respect to the PLS Project and further
develop their ongoing relationship.
Chief Jonathon Sylvestre of BNDN
stated, "Our priority is to ensure that the lands and
waters are being protected. Consultation with our community must
occur so that our members fully understand the Project before any
development on our Ancestral Lands moves forward.
This Agreement is an important milestone in the engagement
process with Fission. It will allow our community members to learn
about the PLS project and provide input. More importantly, it will
allow Fission to learn about our community, our culture, our lands
and our vision for the future. Ultimately, this agreement is
an important step in our communications with Fission to better
inform our members on the Project to seek our free, prior, and
informed consent for the PLS Project.
Protection of lands and waters is integral for Birch Narrows
Dene Nation. With trust, collaboration, and communication we
believe a sustainable relationship with industry is possible. This
Agreement gives our community the tools to make informed decisions
in the best interest of our future generations."
Ross McElroy, President and CEO
for Fission, commented, "Fission is very pleased to have signed
an Engagement and Capacity Agreement with the BNDN. Both sides have
worked diligently and developed the processes to deliver on our
mutually beneficial goals. We have built a solid foundation for our
working relationship moving forward and I would like to thank the
BNDN and its leaders for their clear communications and their
integrity. I look forward to our future efforts together as we put
in safeguards for the environment while advancing the PLS
project."
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 engage 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
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.