Canada Extends Review of Paladin Energy's Proposed Acquisition of Fission Uranium

MT Newswires Live11-20 11:12

Paladin Energy (ASX:PDN) said Wednesday it received notice that Canada's Minister of Innovation, Science and Industry will extend the national security review of its proposed acquisition of Fission Uranium to Dec. 30.

The acquisition is subject to several conditions, including approval under the Investment Canada Act (ICA), according to a filing with the Australian bourse.

There is no guarantee that the company will be able to secure ICA approval, a crucial component of the acquisition, the filing said.

Paladin Energy's shares were up more than 1% in recent Wednesday trade.

Price (AUD): $7.99, Change: $+0.09, Percent Change: +1.14%

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