Australia’s Paladin Energy to buy Canada’s Fission Uranium for $1.14-billion

Kelowna, B.C-based Fission is developing the Patterson Lake South uranium project in the Athabasca Basin region of Saskatchewan and hopes to be in production by the end of the decade.

Paladin trades on the Australian stock exchange, but it plans to list on the TSX after the deal closes. PLS has been in development for more than a decade, and its mine plan has undergone several iterations. Because the uranium ore lies only about 55 meters below the surface, Fission considered building a hybrid open pit and underground operation. But Fission eventually decided to develop an underground operation only, in large part because the environmental footprint is less intrusive and permitting is anticipated to be considerably easier to obtain.

“It just doesn’t seem like enough for something that’s going to be five per cent of global supply,” he said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australian miner Paladin Energy to buy Canada’s Fission Uranium for $1.14-billionUnder the offer, Fission shareholders will receive 0.1076 shares of Paladin for every Fission share held, the company said, adding the deal implies a value of $1.30 per share for the Canadian miner
Source: globebusiness - 🏆 31. / 66 Read more »

Paladin Energy buying Fission Uranium in stock deal valued at $1.1 billionKELOWNA, B.C. — Fission Uranium Corp. has signed a deal to be acquired by Australian company Paladin Energy Ltd. in an all-stock agreement valued at about...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Paladin Energy buying Fission Uranium in stock deal valued at $1.1 billionFission Uranium Corp. has signed a deal to be acquired by Australian company Paladin Energy Ltd. in an all-stock agreement valued at about $1.1 billion.
Source: BNNBloomberg - 🏆 83. / 50 Read more »