Fission 3.0 (TSX-V: FUU)(OTC: FISOF) is a Canadian-based uranium project generator company with one of the uranium sector’s leading exploration teams and a strong portfolio of highly prospective properties in Canada’s Athabasca Basin, the world’s leading source of high-grade uranium. An additional prospective property is located in the emerging uranium district of Macusani in south-eastern Peru.
The company’s management, headed up by Dev Randhawa as CEO & Chairman and Ross McElroy as COO & Chief Geologist, is the team that founded Fission Uranium and made the Patterson Lake South (PLS) high-grade discovery. The same team also founded Fission Energy Corp., making the J-Zone high-grade discovery in the Athabasca Basin and building Fission into a TSX Venture 50 Company. In April 2013 Fission Energy sold the majority of its assets to Denison Mines including its Waterbury Lake property and Fission Uranium Corp. was spun out of the deal with Denison. Fission 3.0 is the third generation Fission run by one of Canada’s leading uranium exploration teams.
Fission 3.0 was incorporated in October 2013 as a wholly-owned subsidiary of Fission Uranium Corp. On November 28, 2013, Fission 3.0 completed a plan of arrangement under the Canada Business Corporations Act involving Alpha Mineral and Fission Uranium Corp. pursuant to which Fission Uranium acquired Alpha Minerals’ 50% stage in the Patterson Lake South (PLS) project. As a result of the transaction, certain properties and assets of Fission Uranium, including the Patterson Lake North PLN), Clearwater West, North Shore, Beaver River and Manitou Falls properties in Saskatchewan, together with the Macusani, Peru property, became properties and assets of Fission 3.0 and Fission 3.0 is no longer a wholly-owned subsidiary of Fission Uranium.
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