Paladin Energy Awaits Acquisition Approval Amid Challenges

Paladin Energy Ltd (AU:PDN) has released an update.

Paladin Energy Ltd is in the process of acquiring Fission Uranium Corp, awaiting the final court order from the Supreme Court of British Columbia and a national security review under the Investment Canada Act. The completion of this arrangement faces opposition from CGN Mining Company Limited, a significant shareholder in Fission, and there is no certainty that the transaction will go through. Paladin pledges to keep the market updated on any significant changes regarding the acquisition.

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