Fission Uranium Corp. is a Canadian-based uranium exploration company with a new, major discovery at Patterson Lake South (PLS) in Canada’s Athabasca Basin, home to the world’s richest source of high grade uranium. Additional properties are held on the Western side of the Athabasca Basin as well as in the emerging uranium district of Macusani in Peru.
Fission Uranium Corp. was incorporated in February 2013 as a wholly-owned subsidiary of Fission Energy Corp. On April 26, 2013, Fission Uranium completed a plan of arrangement under the Canada Business Corporations Act involving Denison Mines Corp. and Fission Energy Corp. pursuant to which Denison Mines acquired all of the issued and outstanding securities of Fission Energy. As a result of the transaction, certain properties and assets of Fission Energy, including the Patterson Lake South, Patterson Lake and Clearwater West properties in Saskatchewan, became properties and assets of Fission Uranium and Fission Uranium is no longer a wholly-owned subsidiary of Fission Energy. For more information regarding Fission Energy, including historical information regarding the Patterson Lake South, Patterson Lake and Clearwater West properties, please see Fission’s profile at www.sedar.com.
The management team, with Dev Randhawa as CEO & Chairman and Ross McElroy as COO, President & Chief Geologist, is the same team that developed Fission Energy into one of Canada’s leading uranium explorers. Founded by Dev Randhawa in 2007, Fission Energy was named a TSX Venture 50(r) Company in 2011 and in April 2013 sold the majority of its assets to Denison Mines including its Waterbury Lake discovery. Fission Uranium Corp. was spun out of the deal with Denison and began trading Apil 29th, 2013.
The company’s PLS discovery, a 50/50 JV with Alpha Minerals, has received a great deal of attention from analysts, media and the investment community for its high grades and wide intercepts. Detailed information on the property and Fission Uranium’s other projects can be found on the Company’s website at www.fissionuranium.com