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Energy|Innovation|SECURITY
Energy|Innovation|SECURITY
energy|innovation|security

ICA review of Paladin’s Fission takeover extended to year-end

Fission's Patterson Lake property

Fission's Patterson Lake property

19th November 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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The Canadian Minister of Innovation, Science and Industry has extended the national security review period for the takeover of Fission Uranium by Australia’s Paladin Energy, now set to conclude on December 30.

In October, the Canadian government initiated the review of the C$1.14-billion transaction under the Investment Canada Act (ICA).

Fission has cautioned that there is no certainty that the transaction will receive ICA clearance within the extended timeframe - or at all.

Fission owns the Patterson Lake South Uranium property, located in the Athabasca basin.

Edited by Creamer Media Reporter

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