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Fission 3.0’s Dev Randhawa on the Uranium Boomlet

In a recent InvestorIntel interview, Peter Clausi spoke with Dev Randhawa, Chairman and CEO of Fission 3.0 Corp. (TSXV: FUU | OTCQB: FISOF) about the current upward trend in the uranium price and about Fission 3.0’s portfolio of 18 highly prospective properties in Canada’s prolific Athabasca Basin.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Randhawa highlighted the effect that the US administration’s focus on uranium as a source of baseload electricity, without any carbon footprint, is having on the uranium market, and uranium’s role in the electric vehicle revolution. In the interview, he also talked about the upside potential for investors in Fission 3.0’s project discoveries and the team’s success in two discoveries in the past. Randhawa also provided an update on the closing of Fission’s recent private placement.

To watch the full interview, click here

About Fission 3.0 Corp.
Fission 3.0 Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol “FUU”.

To learn more about Fission 3.0 Corp., click here

Disclaimer: Fission 3.0 Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain“forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken,  as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please email [email protected].




Lifton challenges the Green Elite Environmentalists to provide real evidence of an industrial park powered solely on alternative energy

Following the Engineering as well as the Science: Misrepresenting the Type of Energy Production Needs for the Supply of and the Demand for Basic as well as Critical Materials  

Our civilization, the age of steel, cannot continue without fossil-fueled or nuclear-fueled baseload electricity generation. So when some ask why are the Chinese building a new fossil fuel fired baseload electrical generation plant on a biweekly basis, and why are they building dozens of nuclear plants for the same purpose? It’s because they know that for maintaining their heavy industrial raw material and manufacturing industries unreliable, intermittent power plants cannot be used and battery storage cannot be engineered to supply the needed continuous heavy industrial loads. 

The popularization of science gives cover to many journalists, who simply don’t know what they’re talking about, to rely on a recent neologism known as “settled science,” which is an oxymoronic contradiction in terms. It would be more realistic to speak of “settled engineering,” but that would require quite a bit of physics, chemistry, metallurgy, and mathematics to comprehend. Be aware that once an engineering design is completed, erected, and operational a great deal of time and money has been expended and any changes can only be made at the margin without having to scrap the operation. This is why so-called “disruptive technologies” don’t matter to existing basic and critical metals operations nearly as much as getting settled engineering to work efficiently. This, in fact, was one of the reasons that Molycorp failed financially. The engineering of chemistry, for example, that allows the mass production of iron, steel, aluminum and copper has been essentially the same for nearly a century and a half. The engineering of the production of the raw materials to manufacture rare earth permanent magnets was “settled” a half-century ago when the magnets and the demand for them became large enough to require commercialization. 

I do not consider someone to be dumb because they don’t know or even know of the second law of thermodynamics. I don’t consider them dumb if they know of the law but don’t understand its applications to the mining, ore beneficiation, extraction, separation, purification, transformation into metals and alloys, and the fabrication from those metals and alloys of forms suitable for the manufacturing of consumer and military goods; I do, however, consider those who ignore the needs for and types of energy production required for each and every one of the aforementioned steps in the supply chain just detailed here, but pontificate upon green energy anyway, as if the need for fossil/nuclear fueled baseload wasn’t a consideration, as dumb. 

Every step in the production of a metal from its ores is an application that produces negative entropy. This means that the forms in which we find every natural resource on the earth, both fuel and nonfuel minerals is, when found, already in its natural, highest energy, state for its environment. In order to change that state into one in which we can use the materials requires that we temporarily alter the natural state of the resource by chemically and electrochemically rearranging its energy status and therefore making it metastable in our environment but useful in human terms.  

Let’s look at the production of steel, the most produced metal (annually) on the planet for the past 150 years, which is, in fact, an alloy of iron. 

In its natural state on and near the surface of the earth iron occurs as fully oxidized chemical compounds, the highest energy form of iron that the earth’s crust, oceans, and atmosphere allow to be stable at STP (standard temperature and pressure). 

For each chemical element, there is only one total energy path that can be taken to put it temporarily into its lowest energy form as a pure chemical element at STP. To achieve that path chemical, metallurgical, and mechanical engineers must cooperate and always compromise with nature’s rules. 

For the use of iron, and every other chemical element, that path begins with economic considerations: How much iron, proportionately, and measured as metal, at STP, is in the mineral chosen for its entry into the steel supply chain? The higher the iron content (grade) the less overall energy will be required to convert it to a metallic form. Simultaneously it must be determined how much tonnage of iron bearing mineral of this grade is in the deposit (This is known as the “resource” in mining jargon).  

Miners then determine by a Techno Economic Analysis (TEA) (An academic acronym for figuring out if something can be done economically with known technologies) whether developing the deposit into a mine is feasible ( I.e., is a profitable venture) in the (mining) near term. 

To do a TEA miners must consider not just the amount of iron that can be produced annually but also the projected “life of the mine,” which is a measure of the total amount of iron that can be economically recovered from the project over time. This is measured as how long the mine can produce sufficient output annually to be profitable. 

Whether an iron ore deposit can be economically turned into a mine depends not only upon the grade and total tonnage but upon its accessibility and amenability to the machines needed to dig out the ore, the chemical engineering necessary to beneficiate (concentrate) the ore to as high an iron content as possible, and the chemical engineering necessary to process the ore concentrate into crude metallic iron.  

With the last step (there are many more) mentioned above comes a dilemma for the Green Elite Environmentalists (GEEs). The conversion of iron ore to pig iron requires a large amount of continuous heat energy. For a blast furnace, the type typically used to reduce iron ore to crude metallic iron, this heat can be supplied by the combustion of coal or natural gas or by electricity. In all cases, the heating must be constant (uninterrupted). The idea of using wind or solar for this is ridiculous. It gets even more ridiculous when the next stage, the conversion of iron into steel is examined. In the USA today 70% of steel is produced by Electric Arc Furnaces using scrap. The arc in those furnaces is maintained at 10,000 to 20,000 amperes, for sometimes more than a day. What solar, wind, or battery field, or any combination of them can supply this without massive costly (and pointless, economically, if alternatives are available) engineering  

Thermodynamics requires that to produce a ton of steel requires 440 kwh of energy. Today in the United States that costs around $50.00. 

As soon as the switch to alternate energy impacts the cost of baseload fuels and the price of electricity so much that even politicians can understand it the great unthinking public may realize that baseload electricity for air conditioning and water pumping is a small price to pay to adapt to any small increase in temperature, if it ever occurs. I doubt that any culture will allow a return to the thirteenth century BC, when steel was more valuable than gold.