Paladin Energy acquires Fission Uranium

Paladin Energy has completed its acquisition of 100% of the issued and outstanding shares of Fission Uranium Corp. by way of a court-approved plan of arrangement under the Canada Business Corporation Act.

The combination of Paladin and Fission will create a clean energy leader with a highly compelling strategy:

  1. World-class production and growth pipeline in the Langer Heinrich Mine, the Patterson Lake South project (“PLS”) and the Michelin project (“Michelin”), providing the ability to grow production in a structurally tight uranium market.
  2. Creation of a leading Canadian development hub with two high quality uranium projects in PLS and Michelin, including exposure to Canada’s highly prospective Athabasca Basin.
  3. Globally significant uranium resource representing one of the largest amongst pure-play uranium companies, diversified across conventional open-pit and high-grade underground orebodies.
  4. Enhanced exposure to highly attractive uranium market with multi-asset production expected by the end of the decade leveraged to strong future demand for nuclear energy. 
  5. Increased international capital markets presence through Paladin’s TSX listing and further enhancing Paladin’s position as the leading ASX100-listed pure-play uranium producer.
  6. Shared commitment to a sustainable future through a collective focus to help drive the global energy transition to a carbon-free, sustainable future underpinned by strong Indigenous and local community engagement across all operating regions.

You can access Fission Uranium’s regulatory filings from SEDAR

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