Sunday, August 24, 2025

Latest

Fission Uranium Now Needs Approval From Federal Government To Proceed With Sale To Paladin Energy

The sale of Fission Uranium Corp (TSX: FCU) is evidently the transaction that just won’t close. The company late last night revealed that there is yet another delay to the closing of its acquisition by Paladin Energy (ASX: PDN).

The latest delay comes from the Canadian government, with the Minister of Innovation, Science and Industry ordering a national security review before the transaction is permitted to proceed. The transaction now requires clearance under the Investment Canada Act, with Fission said to now be considering the notice and evaluating the prospects of obtaining such clearance.

READ: Métis Nation Demands Halt To Fission Uranium’s Patterson Lake South Project

Consideration of the arrangement with Paladin Energy remains ongoing, with the merger now subject to receipt of a final order from the Supreme Court of British Columbia, as well as ICA clearance. The delay in approval from the Supreme Court follows CGN Mining, which holds an 11% interest in Fission, attempting to block the merger in court, with the courts decision on the matter still pending.

This also follows after the company struggled to obtain shareholder support for the transaction to close in the first place.

Fission Uranium last traded at $1.01 on the TSX.


Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Fission Uranium To Conduct $15 Million Bought Deal Financing

Fission Uranium (TSX: FCU) this morning announced that it will be conducting a bought deal...

Monday, October 26, 2020, 09:47:00 AM

Fission Uranium Completes Drill Program, Advances Feasibility Study At Patterson Lake South Property

Fission Uranium Corp. (TSX: FCU) reported today that it has completed the summer drill program...

Monday, September 27, 2021, 09:26:00 AM

Fission Uranium Intersects 8.01% U3O8 Over 46.0 Metres

Fission Uranium Corp (TSX: FCU) this morning released the latest results from a drill program...

Monday, January 31, 2022, 07:54:30 AM

Fission Uranium Receives Federal Approval For Paladin Energy Transaction

Fission Uranium (TSX: FCU) has been granted federal approval for its acquisition by the Australia-based...

Thursday, December 19, 2024, 08:19:43 AM

Fission Uranium Announces $50.0 Million ATM Financing

Fission Uranium (TSX: FCU) is looking to capitalize on the recent interest in the uranium...

Tuesday, April 26, 2022, 07:40:00 AM