Paladin Energy's Acquisition of Fission Shareholders' Approval

Paladin Energy Ltd (ASX:PDN) has received approval from Fission Uranium Corp. shareholders for the proposed acquisition of all issued and outstanding shares of Fission. The acquisition was approved with 67.9% of votes cast at the special meeting, exceeding the required 662/3% threshold. This approval satisfies a crucial condition precedent for the completion of the transaction under the arrangement agreement between Paladin and Fission.

Paladin CEO Ian Purdy's Perspective

We fully expect that the combination of our companies will create significant value for all shareholders. Fission's Patterson Lake South project is a natural fit for Paladin, delivering medium term development potential to augment production from the recently restarted Langer Heinrich Mine. With producing assets, a quality near term development project and a global portfolio of exploration assets, Paladin is well positioned to continue to deliver value for its shareholders from the structural demand shift for uranium driven by global decarbonisation.

Summary of Paladin's Acquisition of Fission

The approval from Fission shareholders marks a significant milestone for Paladin Energy Ltd (ASX:PDN) in its acquisition process. The completion of the transaction remains subject to certain customary closing conditions under the arrangement agreement, including Investment Canada Act clearance and receipt of a final order approving the transaction from the Supreme Court of British Columbia. Paladin CEO Ian Purdy's positive outlook on the combination of the companies and the potential value creation for shareholders indicates a promising future for Paladin's corporate strategy and the announcement.