ir@fissionuranium.com
www.fissionuranium.com
TSX SYMBOL: FCU
OTCQX SYMBOL:
FCUUF FRANKFURT
SYMBOL: 2FU
/NOT FOR RELEASE OR DISTRIBUTION IN
THE UNITED STATES/
KELOWNA,
BC, Sept. 15, 2024 /CNW/ - FISSION
URANIUM CORP. (TSX: FCU) (OTCQX: FCUUF) ("Fission"
or the "Company") announced today that the hearing for the
final order (the "Final Order") approving the previously
announced plan of arrangement (the "Arrangement") with
Paladin Energy Limited ("Paladin") began before the Supreme
Court of British Columbia on
September 13, 2024 and will continue
on September 26, 2024.
CGN Mining Company Limited ("CGN"), a subsidiary of China
General Nuclear Power Corp., is opposing the Final Order and
approval of the Arrangement. To the knowledge of the Company, CGN
holds a disclosed equity interest of approximately 11.26% of the
outstanding common shares of the Company. Fission's
shareholders voted in favour of the Arrangement at the Company's
special meeting held on September 9,
2024.
Additional information regarding the terms of the Arrangement
are set out in the Company's management information circular dated
July 22, 2024 which is available
under Fission's profile at www.sedarplus.ca and on the
Company's website at
www.fissionuranium.com/investors/#sgmMaterials.
About Fission
Fission Uranium Corp. is an award-winning Canadian uranium
project developer and 100% owner of the Patterson Lake South
uranium property – a proposed high-grade uranium mine and mill in
Canada's Athabasca Basin region. Fission's common
shares are listed on the TSX Exchange under the symbol "FCU" and
trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF"
and on the Frankfurt Stock Exchange under the symbol "2FU".
Cautionary Note Regarding Forward
Looking Statements
This announcement contains certain "forward
looking statements" within the meaning
of Australian securities laws and "forward looking
information" within the meaning of Canadian securities laws
(collectively referred to as "forward looking statements"). All
statements, other than statements of historical fact, that address
circumstances, events, activities or developments that could, or
may or will occur are forward looking statements. Forward looking
statements involve subjective judgment and analysis and are subject
to significant uncertainties, risks and contingencies including
those risk factors associated with the mining industry, many of
which are outside the control of, change without notice, and may be
unknown to Paladin or Fission. These risks and uncertainties
include but are not limited to liabilities inherent in mine
development and production, geological, mining and
processing technical problems, the inability to obtain any additional mine licences, permits
and other regulatory approvals required in connection with mining
and third party processing operations, competition for amongst
other things, capital, acquisition of reserves, undeveloped lands
and skilled personnel, incorrect assessments of the value of
acquisitions, changes in commodity prices and exchange rates,
currency and interest fluctuations, various events which could
disrupt operations and/or the transportation of mineral products,
including labour stoppages and severe weather conditions, the
demand for and availability of transportation services, the ability
to secure adequate financing and management's ability to anticipate
and manage the foregoing factors and risks.
Forward looking statements in this announcement include, but are
not limited to, statements regarding: the expected timetable,
outcome and effects of the Arrangement; the ability of Paladin and
Fission to complete the Arrangement on the terms described
herein or at all; the ability to obtain the requisite court
approval for the Arrangement; and the expected timing of the
hearing for the Final Order. Forward looking statements can
generally be identified by the use of forward looking words such as
"anticipate", "expect", "likely", "propose", "will", "intend",
"should", "could", "may", "believe", "forecast", "estimate",
"target", "outlook", "guidance" (including negative or grammatical
variations) and other similar
expressions. No representation, warranty, guarantee or assurance, express
or implied, is given or made in relation to any
forward looking statement. In particular no representation,
warranty or assumption, express
or implied, is given in relation to any underlying assumption or that any forward
looking statement will be achieved. There can be no assurance that
the forward looking statements will prove to be accurate. Actual
and future events may vary materially from the forward looking
statements and the assumptions on which the forward looking
statements were based, because events and actual
circumstances frequently do not
occur as forecast and future results
are subject to known and unknown risks such as changes in
market conditions and regulations.
Given these uncertainties, readers
are cautioned not to place undue reliance
on such forward looking statements, and should rely
on their own independent enquiries,
investigations and advice regarding information contained in
this announcement. Any reliance by a reader on the information
contained in this announcement is wholly at the reader's own
risk.
To the maximum extent permitted by law or any relevant listing
rules of the ASX/TSX, Paladin and Fission and their respective
related bodies corporate and affiliates and their respective
directors, officers, employees, advisors, agents and intermediaries
disclaim any obligation or undertaking to
disseminate any updates or revisions to the information in this
announcement to reflect any change in
expectations in relation to any forward looking statements or any
such change in events, conditions or circumstances on which any
such statements were based. Nothing in this announcement will,
under any circumstances (including by reason of this announcement
remaining available and not being superseded or replaced by any
other announcement or publication with
respect to Paladin, Fission
or the subject matter of this announcement), create an implication that
there has been no change in the affairs of Paladin or Fission
since the date of this announcement.
SOURCE Fission Uranium Corp.
