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To: Goose94 who wrote (14957)	11/25/2015 11:40:49 AM
From: Goose94	Respond to of 202925

Australia all set to supply uranium to the UAE world-nuclear-news.org

To: Goose94 who wrote (14957)	12/8/2015 11:14:47 AM
From: Goose94	Respond to of 202925

International Atomic Energy Agency (IAEA) deputy director general Mikhail Chudakov has called on world leaders to consider nuclear power as an important contributor to a sustainable energy future at the COP21 climate conference in Paris. Chudakov made his comments yesterday at a United Nations side event, "Pathways to Sustainable Energy for a Climate Friendly World". He said nuclear, as a clean, reliable, affordable and modern energy source, should be considered among low carbon options. "Nuclear energy has low life-cycle greenhouse gas emissions and has the potential, with innovative technologies, to serve humanity effectively for a very long time," Chudakov said. "When considered in the broader context of sustainable development, nuclear power enhances energy security and reduces damage to ecosystems and impacts on human health," he continued. The side event saw senior representatives from several United Nations and other organizations discuss how to ensure access to affordable and modern energy for sustainable development. It was co-led by the United Nations Industrial Development Organization, the United Nations Economic Commission for Europe, the IAEA and the United Nations Environment Programme. Speakers agreed on the urgency of making the necessary transformations in business models, technologies and consumer habits to move to a low-carbon future. "Drastic" energy efficiency improvements and fast upscaling of all low-carbon technologies, including nuclear, carbon capture and sequestration, and renewables would be necessary to limit the increase of average global temperatures to below 2 degrees Celsius, they said. In answer to a question, Chudakov said more effective use needed to be made of technologies such as small and medium reactors to support developing countries such as in Africa. Such reactors were "safe, secure and sustainable," he said. Chudakov also drew attention to the role that the IAEA can play in assisting member states in their energy and infrastructure planning to meet climate mitigation goals defined in their Intended Nationally Determined Contributions (INDCs), under which individual countries have set out their envisaged post-2020 climate actions. This involves support in improving understanding of nuclear technology's contribution to climate change and its compatibility with sustainability goals. COP21 - the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change - is taking place from 30 November to 11 December, with the aim of delivering a new universal climate change agreement leading to a low-carbon, sustainable future that keeps a global temperature rise under 2 degrees Celsius compared to pre-industrial levels. Researched and written by World Nuclear News

To: Goose94 who wrote (14957)	12/21/2015 9:38:45 AM
From: Goose94	Read Replies (4) \| Respond to of 202925

Fission Uranium (FCU-T) Dec 21, '15 today announced that it has entered into a binding letter of intent ("LOI") with CGN Mining Company Limited. Pursuant to the agreement, Fission and CGN Mining have agreed to proceed towards a CDN$82,226,059 private placement (the "Offering") in which CGN Mining would make a strategic investment in Fission which will result in CGN Mining owning approximately 96,736,540 common shares of the Company plus an additional number of common shares equal to 19.99% of the number of common shares issued by Fission prior to the closing of the Offering pursuant to the exercise of outstanding convertible securities of the Company (the "Subscription Shares"). The Subscription Shares will be issued pursuant to a subscription agreement between Fission and CGN Mining (the "Subscription Agreement") at a price of CDN$0.85 per Subscription Share on a private placement basis. The Subscription Shares may not be traded for a period of four months plus one day from the closing of the Offering. Fission and CGN Mining have also agreed to proceed towards entering into an offtake agreement pursuant to which CGN Mining will agree to purchase uranium production from the Company's PLS Property (the "Offtake Agreement"). The Offtake Agreement and the Subscription Agreement, are referred to as the "Transaction Agreements". Dev Randhawa, Chairman and CEO, of Fission Uranium, commented, "This is an historic moment for Canada's uranium industry. It is the first time a Chinese company has invested directly in a Canadian uranium company. We are thrilled that CGN Mining has chosen to invest in Fission, PLS and the Triple R deposit. CGN Mining's understanding of the uranium business is superb and we are excited at the opportunity to work with them. CGN Mining's knowledge and expertise will be invaluable as we progress PLS and add to shareholder value." Mr. Xing Jianhua, Chief Financial Officer of CGN Mining, said, "CGN Mining and Fission Uranium have worked hard together to forge this partnership. Both companies have a strong drive to cooperate and achieve the synergy which will result in sustained, mutual benefit." CGN Mining Company Limited ('CGN Mining') is an investment holding company listed on Hong Kong Stock Exchange (HKSE) and mainly engaged in the trading of natural uranium. In order to become a resource development and energy services company with a focused business with clear development direction, and assets with high sustainability, CGN Mining acquired 100% equity interests in Beijing Sino-Kazakh Uranium in 2014. The controlling shareholder of CGN Mining is China Uranium Development Company Limited, a fully-owned subsidiary of China General Nuclear Power Corporation, which is a leading global clean energy corporation in China. The LOI provides that Fission and CGN Mining intend to enter into the Transaction Agreements on or prior to 2pm Pacific time, January 11, 2015 (the "Signing Deadline"). If either party is willing and able to enter into the Transaction Agreements and the other party is not able to or will not enter into the Transaction Agreements by the Signing Deadline, the defaulting party will pay a break fee in the amount of CDN$3,000,000 ("Break Fee") to the non-defaulting party. The LOI further provides that the Break Fee will be payable by CGN Mining to Fission in the event that CGN Mining shareholder approval, Hong Kong Stock Exchange approval or the approval of the Chinese government is not obtained by February 29, 2016, Pacific time. Upon closing of the Offering, CGN Mining will have the right to nominate two of nine representatives to the Board of Fission. The Offering is scheduled to close on or about January 29, 2016, Pacific time, and is subject to signing of the Transaction Agreements, the achievement of certain conditions to closing, and regulatory approvals, including the approval of the Toronto Stock Exchange, the Hong Kong Stock Exchange and approval of the Chinese government. Fission's financial advisor is GMP Securities. About Fission Uranium Corp. Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property - host to the world-class Triple R uranium deposit - and is headquartered in Kelowna, British Columbia. Fission's common shares are listed on the TSX Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF." ON BEHALF OF THE BOARD Dev Randhawa, Chairman and CEO Fission Uranium Corp. Rich Matthews Investor Relations TF: 877-868-8140 rich@fissionuranium.com www.fissionuranium.com