Uranium

Paladin Energy (ASX: PDN) is facing hurdles in its attempt to acquire Fission Uranium (TSX: FCU) for C$1.14 billion. While the deal would create a global uranium leader, Chinese state-backed CGN Mining Company, which owns an 11.26% stake in Fission, has opposed the acquisition in court. The Supreme Court of British Columbia will make a final ruling on September 26. If successful, Paladin would gain access to Fission‘s Patterson Lake South project, significantly expanding its uranium footprint across Canada, Namibia, and Australia. The court’s decision will shape the future of this strategic acquisition. [more]

At the PDAC 2024 conference, Rick Rule shared insights into the resource sector’s investment landscape. Highlighting the underpricing in commodity markets due to geopolitical tensions and investor pessimism, Rule outlined strategic investment recommendations across the oil & gas, uranium, and gold sectors. Emphasizing the importance of quality, liquidity, and experienced management, Rule’s presentation offered a guide for investors aiming to navigate the volatile commodity markets. His bullish outlook, backed by a strategic approach to undervalued sectors, provides a blueprint for capitalizing on current market opportunities. [more]