Construction on the second new US reactor  got under way last week. Construction has officially begun on a new reactor at the Vogtle power plant in South Carolina. It was the second AP1000 construction to start in America last week. You can read an article on this on the WNA website.

The US is just one of many countries implementing new build programs for nuclear energy and I fully expect to see more of them as it’s the only way we’re going to lower emissions while keeping the lights on.

Dev Randhawa

Interesting article about public debate in Taiwan on nuclear energy. The main thrust of the piece is that there’s not enough debate and the public need to be made aware of the benefits of nuclear energy. I couldn’t agree more. The negative bias is much of the media against nuclear energy has a tendency to steal the limelght when the facts of the matter is that without nuclear energy, we’ll never succeed in reducing emissions to an acceptable level.

Dev Randhawa

We’ve had  another great strike at Fission’s PLS property with 13.89m of “Off-Scale” Radioactivity in 53.0m of Mineralization. This is yet another great hit in a succession of strong hits an the program isn’t finished yet! Here are the highlights:

*53.0m interval of continuous mineralization
*including 11.5m of continuous “off-scale” radioactivity (>9999 cps)
*the sum of discrete intervals of “off-scale” radioactivity total 13.89m
*>26% of the interval measure “off-scale”.
*Located 15m grid east of PLS13-038 (see news release dated Feb. 19, 2013) in which mineralization was found over 57.5m. 11.65m of which was “off-scale”.

In addition delineation drilling in the R390E area, PLS13-044 drilled 10m north of PLS13-038 intersected a total 34.0m of mineralization in four discrete zones of weak to moderate, and locally strong mineralization including a narrow (0.1m) interval of “off-scale” radioactivity totaling 3.0m.

The team and I continue to be thrilled at the way PLS is progressing. Such great results confirm the tremendous starting position that our NewCo (Fission Uranium Corp) will have when it spins out following the completion of the Fission/Denison deal.

Here’s what Ross McElroy, Fission’s President, COO, and Chief Geologist had to say, “PLS13-051 extends the strike length of R390E’s broad zone of mineralization, which includes significant amounts of off-scale radioactivity, initially discovered in PLS13-038 15m to the west. We are focusing our efforts to define this area as we target drilling around these holes that have returned such excellent results.”

Dev Randhawa

The HEU agreement expires on December 31 2013. As a reminder, the agreement (aka the Megatons to Megawatts agreement) has been responsible for 24m lbs per year of uranium supply to the US – the world’s largest user of uranium fuel for its huge fleet of reactors.

Despite this very well-publicized fact, there are still some elements of the investment community that have continued to believe that that Russia would continue to deliver uranium next year and beyond the end of this year.

In a recent presentation to the annual convention of the Prospectors and Developers Association of Canada in Toronto, Tim Gabruch of Cameco responded to a question on the subject by pointing out that while Russia has committed to continue to sell the enrichment component, equivalent to that in the HEU, Russia has said that it needs the uranium itself.

No HEU agreement means removing 24m lbs of annual uranium supply at a time when, if you’ve been following my blog recently, you know that demand is increasing….

Dev Randhawa

Hi All,

Lengthy but useful article on uranium investing news about growth in the nuclear energy sector.  Definitely worth checking out if you’re looking for more proof that despite the unreasoning media bias against nuclear energy, if we’re to generate clean power this should be (and is) the way forward.

Dev Randhawa

If you didn’t catch Fission’s press release, we have now signed a definitive agreement with Denison regarding the sale of a large portion of Fission’s assets to Denison and the subsequent spin out of Fission Uranium Corp – the NewCo that will emerge with PLS as its flagship property. Fission shareholders at the time of the deal’s close will own shares in both companies. This definitive agreement replaces the binding letter of agreement that we announced in January.

I’m thrilled about this deal as I feel strongly that it delivers a number of solid benefits to the shareholders of both companies, specifically:

*Substantial value offered to Fission shareholders for the Assets
*The opportunity for Fission shareholders to simultaneously be a part of the NewCo (Fission Uranium Corp) with its extremely prospective Western Athabasca exploration portfolio (including the growing discovery at PLS) and the impressive assets of Denison, which include several advanced exploration properties plus an interest in the McClean Lake mill
*Fission Uranium Corp will be very well funded
*Fission Uranium Corp will continue forward under the leadership of the same successful management team that developed Fission
*Further solidifies Denison as the consolidator of strategic assets in the Athabasca Basin, to the benefit of both sets of shareholders

The press release includes a number of legal and technical details and I recommend you take the time to read through it. In the meantime, we continue to push forward with our drill programs and as you’ll know from recent press releases, we’ve been enjoying enormous success at PLS which as I’ve mentioned will become the flagship property of Fission Uranium Corp when it spins into existence upon completion of the deal with Denison.

As always, please get in touch with any questions and be sure to connect with us on Twitter and LinkedIn.

Dev Randhawa

Dev Randhawa’s new blog

Hi to all. For those of you that don’t know me, my name’s Dev Randhawa and I’m the CEO of several junior exploration companies in the resource sector including Fission Uranium and Toro Reources as well as a private consulting and financing firm called RD Capital. If you’re not familiar with any of these companies, here’s a quick overview:

Dev Randhawa and Fission Uranium

Fission was founded by me, Dev Randhawa, in 2013.In fact it was spun out of Fission Energy Corp – a company I also founded in 2007. The majority of its properties are based in Canada though there are also some in Namibia and Peru. The mining industry is very much an international affair and I spend a great deal of time on the road – inspecting the company properties, meeting investors, brokers and analysts, presenting at conferences… the list goes on. It’s hectic but enjoyable.

Dev Randhawa and Toro

I have recently joined the company as CEO and along with a fantastic Geo team lead by my friend and expert geologist Ross McElroy. We have a tremendously exciting Copper exploration property in Arizona, USA which is surrounded by the biggest copper mining companies in the world. I’m looking forward to getting stuck into this project.

As it happens I already blog on a regular basis for Fission and you can find my CEO Corner here but I enjoy blogging and wanted to share thoughts, experiences and opinions on the markets and the mining industry.  Feel free to comment once I start getting more posts out there.

Dev Randhawa online

My social media activity is growing. You can connect with me and keep up to date with activity via

Dev Randhawa on Twitter

Dev Randhawa on Google+

Dev Randhawa on LinkedIn

Dev Randhawa on YouTube

Dev Randhawa at Trinity Western.

Dev Randhawa