• Report highlights commitment to responsible development, operational excellence and integrity

KELOWNA, BC, Nov. 5, 2024 /CNW/ - FISSION URANIUM CORP. ("Fission" or "the Company") is pleased to announce the release of its inaugural Sustainability Report (the "Report"). The Report, which is available online, covers the period ending 2023 and provides further information on historical and future activities. In particular, the Report provides detail on Fission's approach to generating sustainable value for stakeholders and the Company's strategy for optimizing Environmental, Social and Governance performance. 

Report Highlights

• Completion of a strategic materiality assessment
• Commitment to responsible resource development, operational excellence, integrity, and a positive legacy
• Implementation of a robust framework to guide sustainability strategy going forward and development of clear goals, targets, and next steps

Ross McElroy, President and CEO for Fission, commented, "Sustainable development is the foundation of Fission's approach to our proposed Triple R mine and mill at PLS – from our first exploration drill hole in 2011 through to our current stage of detailed engineering. This inaugural Sustainability Report is an important milestone for our company and formalizes our unwavering commitment to environmental stewardship, traditional land use and rights, operational excellence, community investment, regulatory compliance and integrity." 

McElroy continued, "Nuclear energy has entered a generational period of growth as the world's most important source of clean, baseload energy. For that growth to be fully realized, uranium production in safe, stable jurisdictions must increase exponentially. Ideally positioned in Saskatchewan, Canada, we are advancing PLS on schedule to becoming the next high-grade uranium mine in the western Athabasca Basin. As we do so, we will continue to work closely with our rightsholders, stakeholders and community partners to provide clean energy fuel to the world, bringing long lasting economic benefits to northern communities, and leaving a legacy that we can all be proud of."

About Fission Uranium Corp.

Fission Uranium Corp. is an award-winning Canadian uranium project developer and 100% owner of the Patterson Lake South uranium property – a proposed high-grade uranium mine and mill in Canada's Athabasca Basin region. 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" and on the Frankfurt Stock Exchange under the symbol 2FU.

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 the Company 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.sedarplus.ca.  The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims 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.