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:
- 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.
- 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.
- Globally significant uranium resource representing one of the largest amongst pure-play uranium companies, diversified across conventional open-pit and high-grade underground orebodies.
- 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.
- 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.
- 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
.