Reported 14 days ago
Paladin Energy Ltd.'s planned acquisition of Fission Uranium Corp. has been delayed due to an extended national security review by the Canadian government, with the decision now postponed until December 30. Initially expected to close in September, the $817 million deal now faces uncertainty and potential collapse if required ICA clearance is not obtained. This acquisition aims to elevate Paladin to the third-largest publicly traded uranium producer amidst a surge in uranium prices linked to increased nuclear energy demand.
Source: YAHOO