Paladin Energy Aims to Crack Uranium Big League With Canadian Takeover
- CEO says Fission Uranium takeover will boost firm’s ranking
- Paladin will have $5 billion market value after takeover: CEO
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Paladin Energy Ltd.’s top boss says its takeover of Fission Uranium Corp. would make it the third-largest publicly traded uranium producer, offering investors an alternative in a sector dominated by two giants.
Paladin would churn out 10% of global uranium output after combining production of its Namibian mine with Fission’s Canadian project when completed, Chief Executive Officer Ian Purdy said in a Wednesday interview in Toronto. That would lift Paladin’s ranking by output to third, behind top producer Kazatomprom, which is controlled by the government of Kazakhstan, and Canada’s Cameco Corp.