Paladin’s $1.5b uranium deal slowed by national security probe

Original article by Peter Ker
The Australian Financial Review – Page: Online : 3-Oct-24

Paladin Energy had expected to complete a deal to acquire Toronto-listed Fission Uranium by the end of September. However, the timetable for closing the $1.5bn deal is uncertain following the Canadian government’s decision to initiate a national security review of the transaction. A Chinese state-owned entity has a 25 per cent stake in Paladin’s flagship Langer Heinrich uranium mine in Namibia; another such company holds an 11 per cent stake in Fission and tried to block the Paladin deal.

CORPORATES
PALADIN ENERGY LIMITED – ASX PDN, FISSION URANIUM CORPORATION

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