Fission Uranium
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Fission Uranium Corp. (TSX: FCU) was a Canadian uranium exploration and development company focused on the Athabasca Basin in Saskatchewan. Its flagship asset was the Triple R deposit at the Patterson Lake South (PLS) project — a high-grade, near-surface uranium deposit. In June 2024, Paladin Energy agreed to acquire all of Fission's shares (0.1076 Paladin shares per Fission share); the court-approved plan of arrangement completed on December 23, 2024, creating a diversified uranium producer. Fission shares were delisted from the TSX on December 24, 2024, with former Fission shareholders owning ~24% of Paladin.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Acquisition agreed
On June 24, 2024, Fission Uranium agreed to Paladin Energy's acquisition via a court-approved plan of arrangement (0.1076 Paladin shares per Fission share).
- Acquisition completed
On December 23, 2024, Paladin completed the acquisition of 100% of Fission's shares; Fission was delisted from the TSX on December 24, 2024, and former Fission shareholders owned ~24% of Paladin.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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