Paladin Energy to acquire Fission Uranium for CAD1.14bn.

Paladin Energy, a Western Australia-based uranium production company, agreed to acquire Fission Uranium, a mineral exploration company focused on the exploration and development of uranium assets, for CAD1.14bn. “The combination of Fission and Paladin will create a world class diverse uranium producer, adding a class leading development project in a Tier 1 jurisdiction with the ability to expand production and cash flow profiles in the near term. With commercial production at Langer Heinrich and further development milestones at PLS, this opportunity will create a diverse pureplay uranium company with current production and a deep pipeline of near and mid-term assets available to investors," Ross McElroy, Fission President and CEO.