Junior uranium firms Denison Mines Corp. and Fission Uranium Corp. are merging in a deal that creates a clear-cut leader among the emerging companies operating in Saskatchewan’s Athabasca Basin.
The key asset in this deal is Fission’s Patterson Lake South (PLS) project, one of the top uranium finds in decades. The combined company will have greater scale and management expertise, putting it in a stronger position to move the asset towards production. Denison’s Wheeler River project is also very promising, and the company has a host of other uranium assets around the world.
Under the terms of the deal, Denison will exchange 1.26 of its shares for each Fission share, valuing Fission at $425 million and giving its shareholders a 13 per cent premium based on Monday’s closing prices. Denison and Fission shareholders will each own half the company after the merger, which will be named Denison Energy Corp. and will have a market value of about $900 million.
Full content: World Nuclear News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI