Fission Energy (FIS.V) may spin off its Peruvian and Quebec exploration projects into a new company as it focuses on advancing the Waterbury Lake project in the uranium-rich Athabasca Basin, said the company's top executive. "Most people don't realize that we have Macusani or Dieter Lake," said Fission Chief Executive Dev Randhawa, referring to projects to be spun off. "If I could put those into a new company, and get C$40 million worth of stock ... I can put that back to my shareholders." The uranium explorer is talking with bankers on the valuation of the new company and a decision will be made this year, Randhawa told Reuters on the sidelines of the annual PDAC prospectors and developers conference.
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