Australian miner Paladin Energy said on Monday it had entered into an agreement to buy Canada’s Fission Uranium Corp for an implied equity value of C$1.14 billion .
The deal comes at a time when prices for uranium, used to fuel most of the world’s nuclear reactors supplying 16% of the global energy, has increased significantly last year due to rising demand and limited supply. Under 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 C$1.30 per share for the Canadian miner, a 25.8% premium to its closing price of C$1.03 on Friday.
Paladin has applied for listing its stock on the Toronto Stock Exchange , where Fission shareholders will own 24% Paladin shares, the company said.“This arrangement significantly de-risks the mine-building financing at Patterson Lake South projects , with the cash flow generation at Langer Heinrich and a strong balance sheet creating an opportunity to significantly fund the development of PLS,” Fission president and CEO Ross McElroy said.
Mexico’s new leader is an improvement while Canada should be careful in blocking Chinese investment, according to the Canadian Mining Hall of Famer.Frank Giustra-backed company joined the TSXV on Friday in what may be Canada’s first Indigenous company to focus on production contracts like net smelter returns.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Australia's Paladin Energy to buy Canada's Fission Uranium for $833 millionAustralia's Paladin Energy to buy Canada's Fission Uranium for $833 million
Fuente: Investingcom - 🏆 450. / 53 Leer más »
Next generation of solar energy leaders learn skills during Denver Public School's Renewable Energy AcademyAdria Iraheta joined the Denver7 news team in January 2024. After spending the past decade making her way across the country, the Los Angeles native is thrilled to be back out west!
Fuente: DenverChannel - 🏆 239. / 63 Leer más »
Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energyWASHINGTON — President Joe Biden’s grip on a key federal energy commission will last beyond his first term, giving a boost to the Democrat’s push for renewable energy re…
Fuente: sdut - 🏆 5. / 95 Leer más »
Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energyPresident Joe Biden’s grip on a key federal energy commission will last beyond his first term, giving a boost to the Democrat’s push for renewable energy regardless of the election results in November. The Senate has approved two new members of the Federal Energy Regulatory Commission and set up a vote on a third new panelist as soon as Thursday.
Fuente: AP - 🏆 728. / 51 Leer más »
Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energyPresident Joe Biden’s grip on a key federal energy commission will last beyond his first term, giving a boost to the Democrat’s push for renewable energy regardless of the election results in November.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »
Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energyPresident Joe Biden’s grip on a key federal energy commission will last beyond his first term, giving a boost to the Democrat’s push for renewable energy regardless of the election results in November.
Fuente: ksatnews - 🏆 442. / 53 Leer más »