Paladin Energy aims to crack uranium big league with Canadian takeover

Barrels stored at the Energy Fuels White Mesa Mill uranium production facility in Blanding, Utah, US, on Monday, June 12, 2023. President Biden's declaration of a new national monument put some Western areas off limits to uranium mining, but companies have plans in others — and tribes are pushing back. Photographer: Kim Raff/Bloomberg --

“We think there’s a fantastic opportunity to provide a really substantial global alternative to Cameco with this deal,” said Purdy, who visited Canada this week to meet federal government officials about the proposal. Paladin’s agreement last month to buy Fission in a $1.14 billion all-stock deal marks the first significant sign of consolidation in a sector that has been revived by global demand for nuclear energy. While uranium prices have rallied as supply concerns escalate and countries reconsider nuclear power as a way to cut carbon emissions, just a handful of companies offer investors exposure to the nuclear reactor fuel.

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Paladin’s Uranium Deal Signals M&A Push for Rich Canadian DepositsPaladin Energy Ltd.’s C$1.14 billion ($833 million) offer to buy Canadian mining firm Fission Uranium Corp. is all about geography.
ذریعہ: BNNBloomberg - 🏆 83. / 50 مزید پڑھ »

Australia’s Paladin Energy to buy Canada’s Fission Uranium for $1.14-billionPaladin believes that the acquisition will help it benefit from investor interest because of increased trading liquidity, wider analyst coverage and more funding options
ذریعہ: globeandmail - 🏆 5. / 92 مزید پڑھ »

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
ذریعہ: globebusiness - 🏆 31. / 66 مزید پڑھ »

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...
ذریعہ: YahooFinanceCA - 🏆 47. / 63 مزید پڑھ »

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.
ذریعہ: BNNBloomberg - 🏆 83. / 50 مزید پڑھ »