Paladin Energy Ltd ( (AU:PDN) ) just unveiled an announcement.
Paladin Energy Ltd has been granted an exemption from the Non-Resident Ownership Policy in the Uranium Mining Sector by the Canadian Minister for Energy and Natural Resources, allowing the company to maintain its 100% ownership of the Patterson Lake South Project in Canada. This exemption is a significant step for Paladin as it aligns with its strategy to develop major uranium production assets in Canada, contributing to the company’s long-term production strategy and supporting global demand for uranium. The acquisition of Fission Uranium Corp. has further solidified Paladin’s position, with commitments to align with Canada’s national interests and strategic objectives, including the appointment of a Canadian citizen-resident as an independent director.
More about Paladin Energy Ltd
Paladin Energy Ltd is a company operating in the uranium mining sector, focusing on the development and production of uranium for nuclear power generation. The company is involved in projects in Canada, including the Patterson Lake South Project and the Michelin Project, aiming to meet global uranium demand in regions such as North America, Europe, and Japan.
YTD Price Performance: -21.90%
Average Trading Volume: 171,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.62B
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