Mr. Ross McElroy reports
FISSION URANIUM ANNOUNCES SENIOR MANAGEMENT AND BOARD CHANGES RANDHAWA RETIRES, MCELROY APPOINTED CEO
Fission Uranium Corp. has made a change in senior management and board of directors as the company focuses on developing the world-class Triple R uranium deposit located in Canada's
The company has appointed Ross McElroy as the chief executive officer of the company. Mr. McElroy replaces Devinder Randhawa, who has elected to retire from management and the board of directors of the company and has moved to its advisory board.
Mr. McElroy stated: "We are excited to further progress the world-class Triple R uranium project towards production. We are committed to the efficient and effective development of this one-of-a-kind deposit so that it may help ease the upcoming global uranium supply deficit. We would like to thank Dev for his leadership of the company as he has overseen the discovery of one of the world's premier mineral deposits. On behalf of the board of directors and the entire Fission team, we wish Dev continued success in the future."
Mr. Randhawa remarked: "I would sincerely like to thank the board, advisory board and management of Fission for the past 13 years. As I retire, I am very pleased to have Ross McElroy be appointed as CEO. The future of uranium is in large, low-cost, world-class deposits that are located in safe jurisdictions like Patterson Lake South, and Fission is poised to develop one of the premier uranium mines in the world."
Mr. McElroy is a professional geologist with over 30 years of experience in the mining industry. He is the winner of the Prospectors & Developers Association of Canada 2014 Bill Dennis award for exploration success and the Northern Miner mining person of the year 2013. He has comprehensive experience with managing and advancing many types of mineral projects from grassroots exploration to feasibility and production. As president and chief geologist of Fission and its predecessor, he has overseen two major uranium deposit discoveries including the world-class Triple R deposit.
Fission has also strengthened the governance of its board of directors with the appointment of Darian Yip as its independent chairman. Mr. Yip has over 18 years of experience in the financial services industry and has been focused on the metals and mining sector for the past 13 years. In 2014, he co-founded and was a partner and managing director for a Canadian, publicly listed investment bank's operations in Asia and was responsible for setting up its Beijing and Hong Kong offices.
Patterson Lake South property
The 31,039-hectare PLS project is 100 per cent owned and operated by Fission Uranium. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes through the nearby UEX-Areva Shea Creek discoveries located 50 kilometres to the north, currently under active exploration and development.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Mr. McElroy, a qualified person.
About Fission Uranium Corp.
Fission Uranium is a Canada-based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property -- host to the class-leading Triple R uranium deposit -- and is headquartered in Kelowna, B.C.
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