Paladin Energy (ASX:PDN) Update on Fission Uranium Acquisition

Paladin Energy Ltd (ASX:PDN OTCQX:PALAF) has provided an update on its proposed acquisition of Fission Uranium Corp. (TSX:FCU OTCQX:FCUUF FSE:2FU) through a court-approved plan of arrangement under the Canada Business Corporations Act. Fission obtained a final order from the Supreme Court of British Columbia approving the arrangement, but the completion remains uncertain due to the requirement to obtain Investment Canada Act clearance. Paladin is engaging with the Minister of Innovation, Science and Industry for a national security review, and there is no certainty of obtaining the clearance in a timely manner or at all, which could prevent the successful completion of the arrangement. Paladin will continue to keep the market informed of all material developments.

Executive Commentary on Acquisition Update

Paladin Energy Ltd is committed to the proposed acquisition of Fission Uranium Corp. and is actively engaging with the Minister of Innovation, Science and Industry to address the national security review under the Investment Canada Act. The company will continue to provide transparent and timely updates to the market as the situation unfolds.

Summary of Paladin Energy's Acquisition Update

Paladin Energy Ltd (ASX:PDN) has provided an update on the proposed acquisition of Fission Uranium Corp., highlighting the final court approval obtained by Fission. However, the completion of the arrangement remains uncertain due to the need for Investment Canada Act clearance. Paladin is actively engaging with the Minister of Innovation, Science and Industry for a national security review, and the company will continue to keep the market informed of all material developments. The outcome of the clearance process will significantly impact the successful completion of the acquisition. Investors should exercise caution and stay informed about further updates regarding this acquisition.