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Energy|SECURITY
Energy|SECURITY
energy|security

Court greenlights Paladin-Fission merger, but deal remains uncertain

9th October 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Canada’s Fission Uranium has secured approval from the Supreme Court of British Columbia for its acquisition by Australian miner Paladin Energy.

However, Paladin cautioned on Wednesday that the deal’s completion remaed uncertain.

The transaction is still pending clearance under the Investment Canada Act (ICA) - a critical step for its finalisation.

Earlier this month, Canada initiated a national security review of Paladin's proposed C$1.14-billion purchase of Fission.

“In light of the national security review of the arrangement, there can be no certainty that Paladin will be able to obtain ICA clearance in a timely manner or at all. Failure to obtain ICA clearance would prevent the arrangement from being successfully completed,” the company said.

Edited by Creamer Media Reporter

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