Paladin Energy has received approval from the Canadian Government to merge with Toronto-listed Fission Uranium after months of scrutiny regarding foreign ownership concerns.
Simone Grogan
Paladin Energy chief Ian Purdy says uranium non-believers will be scrambling to unwind bets against the company once it closes off a deal being scrutinised by Canada’s foreign investment umpire.
The unwanted crown of being the ASX’s most short sold stock sits on a new head as pressure eases on Pilbara Minerals.
Adrian Rauso
Canada’s federal government is extending a national security review of Paladin Energy’s acquisition of Fission Uranium, further delaying a deal that was supposed to close in September.
Daniel Newell
Pilbara Minerals may soon be able to bequeath its unwanted crown as the most shorted stock on the ASX.
The restart of Paladin Energy’s flagship operation in Namibia is not going to plan, putting another thorn in the uranium miner’s side.
Explorer Lotus Resources is looking to latch on to the latest burst of investment interest in uranium and raise $110 million from investors to restart a project in Malawi.
The takeovers umpire has concluded that Rio Tinto’s proposed $880 million rights issue to Energy Resources of Australia is above board, clearing the way for the mining giant to buy out the company.
Voters in Kazakhstan, the world’s largest uranium miner, backed the construction of a nuclear power plant in a referendum on Sunday.
Bloomberg
Fund manager Willy Packer and Zentree Investments land a blow against Rio Tinto after takeovers umpire backtracks on decision to stay out of $880 million rights issue dispute.
Paladin Energy’s quest for Fission Uranium has hit a speed bump after the Canadian government decided to have a look into Chinese attempts to block the $1.5 billion deal.
A push by fund manager Willy Packer and Zentree Investments to kibosh Rio Tinto’s heavily discounted rights issue in uranium cleanup company Energy Resources of Australia has been thwarted the takeovers panel.
Gold has usurped uranium in luring the lion’s share of market funds during a big upswing in equity raisings over the June quarter, with former investor favourite lithium still squarely out of vogue.
Willy Packer is not going down without a fight in his bid to stop Rio Tinto swooping on Energy Resources of Australia, alleging the miner is “taking advantage” in his escalation to the takeovers umpire.
Cottesloe fund manager Willy Packer will seek to delay mining giant Rio Tinto’s bid to swallow up Energy Resources of Australia by referring the mining giant to the Takeovers Panel.
The dust has now settled on reporting season, leaving a trail of winners and losers from the ASX’s mining contingent.
Willy Packer accuses Rio Tinto of crucifying shareholders as the mining giant ploughs $750 million into his thwarted uranium bet Energy Resources of Australia and forces a buyout of the company.
The share prices of WA’s uranium majors on Monday rocketed — some more than 10 per cent — after the world’s largest miner of the nuclear fuel flagged a production cut.
With the prospect of a new uranium mine out the window, Energy Resources of Australia is calling for the support of Packer & Co, Zentree Investments and its biggest shareholder Rio Tinto.
The boss of Iluka Resources has warned the government needs to tip in more money to construct the company’s rare earths refinery just north-east of Jurien Bay.
Cottesloe-based fund manager Willy Packer faces a major dilemma after Energy Resources of Australia warned it will run out of cash by the end of the year and slashed the value of its main asset to zero.
The dust has settled on Diggers and Dealers for 2024 and across gold, lithium, rare earths, niobium and uranium there were some big takeaways.
ERA will take a shock rejection from the Federal Government over its Jabiluka uranium lease to court, amid claims Resources Minister Madeleine King took two days to consider her advice.
Boss Energy chief executive Duncan Craib has no regrets about a mass director share selling spree that potentially exacerbated the impact of a weakening uranium market.
