Paladin Energy

We are pleased to advise Paladin has received final clearance under the Investment Canada Act for the acquisition of Fission Uranium Corp.    The combination of Paladin and Fission creates a world-class diverse uranium producer operating in multiple countries, with a high-quality portfolio of production, development and exploration assets.   Read the full announcement here: https://bit.ly/3Bxegw7

Today we held our Annual General Meeting in Perth, updating shareholders on our progress over the past year.    With the restart of production at the Langer Heinrich Mine and an achievable timeline for the ramp-up to full production by the end of the 2025 calendar year, supported by a strong balance sheet, robust uranium market fundamentals and identifiable growth opportunities, Paladin is exceptionally well positioned to continue to grow value for all our stakeholders.   You can read the AGM materials and results, including our Chairman, Cliff Lawrenson’s full address here: https://bit.ly/4cqnpn6

Paladin's Annual General Meeting will be held on Friday, 29 November 2024 at 1:00pm (Perth time) at Corrs Chambers Westgarth, Level 6, Brookfield Place, Tower Two, 123 St Georges Terrace, Perth, Western Australia, 6000. Full details on the AGM can be found on the Notice of Meeting published today and available on Paladin website on https://bit.ly/3YEwZhV

Today we published our 2024 Sustainability Report, which continues our significant evolution in reporting on the sustainability topics that are most material to our business and stakeholders. Paladin is committed to a best practice, globally accredited Environmental, Social and Governance (ESG) framework that sets standards of organisational behaviour and holds us firmly accountable. ESG is core to our business, and we see it as an essential source of adding value to our business and providing opportunities to our stakeholders for their prosperity and growth. We are committed to meeting international standards in managing and reporting ESG outcomes whilst providing the necessary resources to improve our sustainability performance. Please check out the full report on Paladin website on https://bit.ly/40gCLYk

We released today the September 2024 Quarterly Activities and Cashflow Reports. Operational activities during the quarter have continued to demonstrate the substantial upgrade and de-risking of the Langer Heinrich Mine processing operations achieved through the LHM Restart Project. Please see full reports on Paladin website on https://bit.ly/4cqnpn6

Paladin advises that on 8 October 2024, Fission obtained a final order from the Supreme Court of British Columbia approving the proposed acquisition of Fission Uranium Corp. by way of a court approved plan of arrangement under the Canada Business Corporations Act. However, notwithstanding receipt of the Final Order, completion of the Arrangement remains uncertain due to the requirement to obtain Investment Canada Act clearance. https://bit.ly/4h0zDG6

Fission Shareholders Vote in Favour of the Acquisition by Paladin Paladin is pleased to announce that Fission shareholders have approved the Transaction, with 67.9% of votes cast at the Meeting in favour of the Transaction, exceeding the required threshold. Receipt of Fission shareholder approval for the Transaction satisfies an important condition precedent for the completion of the Transaction under the arrangement agreement between Paladin and Fission dated 24 June 2024 as amended on 25 July 2024 and 29 August 2024. Please see ASX announcement on https://bit.ly/3ZdGy8g

We have released our 2024 Annual Report to Shareholders. During the past year, Paladin achieved significant milestones including completion of the Langer Heinrich Mine (LHM) Restart Project on time and within cost forecast, exceptional project delivery with over 2.5 million project hours with no serious injury or environment incident, commencement of production at the LHM, inventory build up ahead of our first customer shipment and the provision of capital flexibility to our balance sheet via a US$150M Syndicated Debt Facility. All these achievements were possible due to the hard work and dedication of our staff and contractors and to the continued trust and support from our shareholders. Check out the full report on https://bit.ly/3XdvYM1

Second leading independent proxy advisory firm endorses Fission Uranium's proposed arrangement with Paladin Energy https://bit.ly/3AtFB1m $FCU $FCUUF #uranium #cleanenergy

ISS recommends Fission Uranium shareholders vote for the arrangement with Paladin Energy https://bit.ly/4fB5iNw $FCU $FCUUF #uranium #CleanEnergy