About
Fission Uranium's history can be traced directly to Strathmore Minerals Corp., a firm founded in 1996 by Dev Randhawa.[4] Under his leadership, Strathmore Minerals spun out Fission Energy Corp in 2008,[5] and time Randhawa left Strathmore to run Fission Energy. Ross McElroy joined Fission Energy and led the company's technical team to its first major discovery: the J Zone at Waterbury Lake in Saskatchewan's Athabasca Basin.
A second discovery, at PLS in the Athabasca Basin, was made in November 2012. In 2013, Fission Uranium Corp. was spun out of Fission Energy b after a deal was made with Denison Mines Corp to acquire all assets except PLS.[6] In January, 2015, Fission Uranium announced a major resource estimate in the indicated and inferred categories which, at that time, was the largest undeveloped resource in the Athabasca Basin region.
In Fall 2015, Fission Uranium became embroiled in a dispute with a small group of dissident shareholders over an attempted merger with Denison Mines Corp. The deal was opposed by some of the company's shareholders, who staged an attempted ‘proxy fight’ [8] The attempt failed and Fission's incumbent board of directors received an overwhelming majority of the shareholder vote
In January 2016, Fission Uranium Corporation entered into an agreement with Hong Kong-based utility subsidiary CGN Mining, which took a 19.9% share in the company and purchased up to 35% of annual production from the Patterson Lake South project for the investment of $82 million at a price of $0.85
The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of Fission Uranium exploration, development and mining.
Fission Uranium Corp is well positioned to capitalize on the world’s increasing demand for Fission Uranium to fuel low-cost, safe and reliable clean energy.