Paladin Energy completed the acquisition of Summit Resources from Orano for $30m.

Paladin Energy, a Western Australian based uranium production company, completed the acquisition of Summit Resources, an Australian based uranium exploration company, from Orano, a multinational nuclear fuel cycle company, for $30m. “Paladin’s Offer provides Summit shareholders with an opportunity to become shareholders in a company that has exposure to a broader range of uranium projects and with a stock which has greater liquidity than what Summit currently enjoys,” Mal Randall, Summit’s Non-Executive Director.