Australia’s Paladin Energy has received the final green light it needed from Canadian authorities to buy Canada-based Fission Uranium in a CAD1.14bn (€757m, $789m) deal that cements its position as a major global producer, it said on 19 December.
Paladin got the clearance under the Investment Canada Act on 18 December and said the deal under which it would acquire Fission’s advanced Patterson Lake South project in Saskatchewan was expected to be completed next month.