Reported 8 months ago
Paladin Energy Ltd.’s C$1.14 billion offer to acquire Fission Uranium Corp. in Canada signifies a strategic move to gain operational control over one of the most advanced mining projects in the Athabasca Basin of western Canada. The region, known for its high-grade uranium deposits, has attracted several junior mining companies like Fission, NexGen Energy Ltd., and Denison Mines Corp. The deal reflects the increasing interest in uranium as a reactor fuel source amidst global efforts to shift away from fossil fuels.
Source: YAHOO