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Paladin’s $1.5b uranium deal slowed by national security probe

Peter Ker
Peter KerResources reporter

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The Canadian government has launched an 11th-hour national security review of Paladin Energy’s $1.5 billion acquisition of Toronto-listed Fission Uranium, as Chinese investors attempt to influence the deal.

Canadian industry minister Francois-Philippe Champagne advised Paladin of the review on Wednesday, in a move that looks set to delay a deal that has already taken longer than expected to settle.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/paladin-s-1-5b-uranium-deal-slowed-by-national-security-probe-20241002-p5kfea