If you’ve been following Fission’s activity recently you’ll know that a lot has been going on. We’ve now started trading and will be releasing the remaining assay results from the Winter program at PLS as they come in. Our latest announcement, however, is a joint venture agreement with Azincourt Resources.

The agreement still needs TSX approval of course but once done it will enable Azincourt to acquire up to a 50% interest in Patterson Lake North (PLN) by incurring $12,000,000 of staged exploration expenditures and paying $4,750,000 in cash or Azincourt shares (at Azincourt’s election) on or before April 29, 2017.

Our Chief Geologist, Ross McElroy, is in my opinion one of the most successful uranium explorers you could hope to find. He has been instrumental in five of the last nine major discoveries in the Athabasca Basin and that should tell you a great deal about the quality of the properties that have been staked under his direction. So what you have with this agreement is a highly committed management team (Azincourt) partnering with a highly successful and equally committed management and technical team (Fission) to explore a prospective property.

So in addition to the PLS discovery we have these other highly prospective projects in the Western part of the Athabasca which are ideally suited for a JV approach. PLN lies within a large basin scale NE trending gravity low structural corridor that also incorporates the adjacent PLS property – home to the major discovery that our exploration team recently made.

I recommend you check out the press release on the Fission Uranium website for more details on the deal and PLN.

Dev Randhawa, CEO of Fission Uranium Corp.

On April 29th, 2013 Fission Energy officially ceased trading and a few days later (April 30th, 2013) Fission Uranium Corp. began trading on the TSX:V under the stock symbol FCU. I founded Fission Energy back in 2007 and with two discoveries under its belt and a successful, high-profile asset sale to Denison Mines, I’m confident in saying the company was a success for both the management team and investors.

Fission Uranium spins into existence in great shape. We have more than $15M in the bank, the incredible new discovery at PLS in the Athabasca Basin, and the same management and technical team that built Fission Energy. On top of this, we have several other highly prospective projects in the Athabasca – home to the richest uranium mines in the world – and an exciting land package in Peru.

Please visit us (Fission Uranium Corp.) at www.fissionuranium.com to get the full details. I look forward to seeing you there!

Dev Randhawa, CEO of Fission Uranium Corp.

In case you missed some of news this month, here was the Fission announcement on Apr 4th. Drill results at PLS hit yet more off scale radioactivity and doubled the strike length of the R390E zone – one of the three discovery zones at our PLS property. 

As you know, we’re still in the process of an active exploration program including 9,000m to 10,000m of drilling and are taking maximum advantage of the existing winter ice. The entire drill program has, in my opinion, been a huge success – as can be seen from the tremendous news flow that we’ve experienced over the last couple of months. With each new set of results our PLS discovery has made another big leap forward – providing shareholders with increasing value as we get closer to the finalization of the Denison deal and the launch of the SpinCo – Fission Uranium Corp.

Here are the highlights

• Holes PLS13-061 and 066 have doubled the strike length of the high grade core as intersected in holes PLS13-038, 051 and 053 to 60m.
• PLS13-066 (L420E) intersected 64.0m of weak to strong mineralization (81.5m – 145.5m) with a total of 5.57m of off-scale (>9999 cps) radioactivity
• PLS13-061 (L360E) intersected four mineralized radioactive intervals (76.5m – 140.0m) ranging in strength from weak to strongly radioactive and in width from 1.0m to 30.5m, including a 30.5m of interval ranging from weak to strong mineralization (109.5m – 140.0m) with a total 4.13m of off-scale (>9999 cps) radioactivity

As ever, please don’t hesitate to get in touch with any questions and be sure to connect with us on Twitter and LinkedIn for the latest updates.

Dev Randhawa

Lengthy but useful overview article on Nuclear’s role in combatting climate change. Pokes some holes in the actions of countries such as Germany which, by shutting down its fleet of reactors, has harmed the environment by ensuring greater use of coal.

The article rightly points out the huge build program in China and notes that it could easily expand further. However, I think India’s plans, and the fact that many other countries (such as Russia) are pursuing very active nuclear energy programs, could have received a bit more attention

Dev Randhawa

Good article on government financing for nuclear builds.  There are plenty of myths being spread about the level of government financing for new nuclear builds. The reality is that all forms of investment in energy supply are subsidized to some extent and nuclear is no exception. Nuclear is the only clean energy with the high base load national power grids require.

Renewables like solar and wind cannot meet this requirement so it’s important to keep things in perspective. 

Dev Randhawa

Excellent article on Turkey’s need for nuclear energy. International Energy Agency Chief Economist Fatih Birol has said that Turkey should build “as much nuclear power as possible” to help meet its growing energy needs. Of course, Turkey already has a nuclear energy program but I’m pleased to see such vocal support from the IEA. The world will not meet its energy needs whilst reducing emissions without nuclear.

Dev Randhawa

Dev Randhawa commenting on Japan and nuclear energy

Great article on Forbes about the deliberate misinformation and fear that still clouds the realities of Fukushima. I’ve said for some time now that the anti-nuclear energy camp works hard to obscure the facts and this article does a great job of exposing this very issue. The author also spells out very clearly the ramifications of not wising up and employing an energy source that is key for Japan’s economy.

Dev Randhawa

The UK government has given the okay for construction of Hinkley Point C. You can read the news on the UK govt site.  The UK has a distinctly pro-nuclear energy stance as they understand the practicalities of energy supply security and the need to reduce emissions while meeting increasing demand for electricity.

I’m delighted to see things are moving forward for them. 
Dev Randhawa

You may have seen this on one of my other blogs but if not, I have agreed to become a mentor for the business studies faculty at TWU (Dev Randhawa business mentor profile).

I’m a big believer in giving something back to the community and I figured being a business mentor and helping people make the most of those first steps into a career will be a really rewarding way of doing this. I’ll keep you posted on how things turn out.

Dev Randhawa