Toronto Sees ‘Win’ in First New Foreign Miner Listing Since 2022
- Paladin Energy’s planned Fission purchase includes TSX listing
- TSX has been pitching other firms in US, Australia, Kazakhstan
The last large foreign mining company to list on the TSX was in Dec. 2022.
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Paladin Energy Ltd.’s arrival in Canada marks the first time since 2022 that a large foreign mining company will list its shares on the Toronto Stock Exchange, which has seen new corporate listings slow to a crawl.
Paladin, a Western Australia-based uranium producer, struck a C$1.14 billion ($830 million) deal to acquire Fission Uranium Corp. in June, a deal it expects to close in August. Paladin’s planned Toronto listing is part of an effort to secure approval for the transaction and also gain access to a larger shareholder base.