In April of this year – just two months from now – Fission will complete the sale of its Eastern Athabasca portfolio and Namibia property to Denison and will spin out a NewCo. With over $15million in the bank, a new discovery and highly prospective land package in the Athabasca Basin, NewCo will obviously be off to a great start. However, who exactly will be running NewCo?
The answer is the same management and technical team who built Fission, including myself (Dev Randhawa) and Ross McEloy For those unfamiliar with us, here’s a quick overview:
Dev Randhawa Executive Profile
Dev Randhawa is an experienced senior manager with broad international experience in developing resource, mining exploration and energy companies.
Since 2007, Dev Randhawa has remained the Chairman and CEO of Fission Energy Corp., which has focused on uranium exploration in Saskatchewan. Mr. Randhawa founded Strathmore Minerals Corp. in 1996 and remained CEO until September 2008. Fission Energy was spun out of Strathmore Minerals in 2007. In 2006, Mr. Randhawa founded Pacific Asia Energy Inc. He was President and CEO until its sale to Green Dragon Gas wholly owned subsidiary, Greka China Ltd, for 35.18 million in 2008.
In 2011 Fission Energy was named a TSX Venture 50(r) Company. "The TSX Venture 50(r) are the top 10 companies listed on the TSX Venture Exchange, in each of the five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010."
Dev Randhawa received a Bachelors Degree in Business Administration with honours from Trinity Western College of Langley, British Columbia in 1983 and received his Master in Business Administration from the University of British Columbia in 1985.
Ross McElroy Executive Profile
Mr. McElroy is a professional geologist with over 22 years of experience in the mining industry. He has experience with working and managing many types of mineral projects from grass roots exploration to feasibility and production.
Mr. McElroy has held previous positions with both major and junior mining companies, which include BHP Billiton, Cogema Canada (now AREVA), and Cameco. He was a member of the early stage discovery team of the MacArthur River uranium deposit.
Mr. McElroy received a Bachelor's Degree in Science, with a Specialization in Geology from the University of Alberta in 1987. Mr. McElroy is a registered professional geologist in Alberta, Saskatchewan and Nunavut/Northwest Territories.
Dev Randhawa
