3/17/2023 0 Comments Fission uranium corporation video![]() ![]() “In the next while, we’ll see where the stock should be because the deal is gone,” Randhawa said. “This won’t be the first deal that doesn’t happen that might make sense,” he said in an interview.įission shares rallied seven per cent on Tuesday to close at 74 cents. They each have cash and plenty of work to do on their separate projects.ĭenison CEO David Cates said he was disappointed, but that the company’s long-term strategy hasn’t changed. Fission Logo (CNW Group/Fission Uranium Corp.) A total of 287,582,334 shares, or 42. His son, Adam, proposed the deal and worked hard to put it together.īoth companies stressed they will be fine without this merger. Lundin said it would create the “go-to name” in the industry once uranium prices recover. “It’s really a credit to the retail shareholders of Fission who made it their business to dig in and understand The deal would have combined two of the best undeveloped uranium assets in Saskatchewan’s Athabasca Basin (Fission’s PLS project and Denison’s Wheeler River project). “We are, of course, pleased with the result,” said Jim Gifford, a retail shareholder who created the “FCU Oversight” group to mobilize support against the merger. It was a very unusual move on his part, and it ultimately wasn’t successful. LMSC - 6-65-65-3 N65-21539 11-21 Thermal energy transfer problems of spacecraft. Last week, he travelled to Toronto to addressįission’s retail investors in person and try to convince them that the merger was in their best interests. Denison is one of mining kingpin Lukas Lundin’s companies. 2019 Uranium Forecast with UEC, Ur-Energy & Fission Uranium. It owns the PLS uranium project, host to the near-surface, high-grade Triple R deposit - part of the largest mineralized trend in the Athabasca Basin region. They thought the bid did not offer nearly enough value for Fission’s Patterson Lake South (PLS) project, which is one of the best uranium discoveries in Saskatchewan in decades. Fission Uranium Corp (TSX: FCU) is the most-awarded uranium exploration company in the world. They got together and voiced their displeasure online. ![]() But retail investors own roughly 80 per cent of the stock, and many of them were fiercely opposed. Toronto-based Denison wanted to buy Kelowna, B.C.-based Fission for $321 million in stock.įission’s institutional shareholders were strongly supportive of the deal. The two junior uranium miners announced Tuesday that more than half of Fission’s shares were voted in favour of the friendly transaction, but the number fell short of the two-thirds majority needed to close the deal. “What I learned is that our shareholders are very passionate people,” Fission chief executive Dev Randhawa said in an interview. and Fission Uranium Corp., a rare case in which the retail crowd got their way over large institutional investors. or large Private Corporation and faces challenges in their daily lives. Retail investors from Canada and around the world have blocked the proposed merger of Denison Mines Corp. Nuclear power can be obtained from nuclear fission, nuclear decay and nuclear. Manage Print Subscription / Tax Receipt. ![]()
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