Interview with Dev Randhawa, CEO of Fission Uranium (TSX:FCU).

Fission Uranium has a great project in the Athabasca Basin, Triple R is a high-grade shallow deposit.

With the aid of hindsight, he breaks down his thoughts on the Section 232 Petition and discounts the Nuclear Fuel Working Group as irrelevant with the current COVID-19 focus of governments, funds and the markets. We also ask him what the implications could be to Cameco's announcement to stand down their workforce at Cigar Lake.

We are keen to discuss how he intends to finance his project in the post COVID-19 world. He is coy about conversations he may or may not be having. He talks openly about some of the cuts he has made including the decisions that have been made and that need to be made to Board and the Directors salaries and fees. Let's see what happens there. Plus we ask him what role their largest shareholder will have in any future funding event and what they timing of that may be.

Interview highlights:

  • Section 232 and The Working Group: Opinions on What the Future Holds
  • Cash Position and Cost Cutting Measures Taken
  • The Uranium Market: Importance of Cameco's Announcement
  • Challenges and Problems to Sort: Financing the Project, M&A Talks
  • Raising Money for Studies: What are Investor's Expectations of Fission?
  • Tweeting on Remuneration: Truths, Lies and Plans for Further Reduction of Wages
  • Focus on Fission: Possibilities to Reduce Directorial Roles in Other Companies?
  • Hope for the Best, Plan for the Worst: How Much Control Does Fission Have Over Their Destiny?
  • CGN, 19.9% Shareholder, Communication and Expectations of Fission
  • A Concluding Message and Opinions on the COVID-19 Epidemic

Company page: https://www.fissionuranium.com

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