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. 26, 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") before the Supreme Court of British Columbia (the "Court") was
completed on September 26, 2024. CGN
Mining Company Limited ("CGN"), a subsidiary of China
General Nuclear Power Corp., opposed the Final Order and approval
of the Arrangement. The Court's decision in respect of the Final
Order is expected in the coming weeks.
The Arrangement remains subject to receipt of the Final Order
and clearance under the Investment Canada Act, as well
as other customary conditions.
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 approvals for the
Arrangement; and the expected timing of the Court's decision.
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.
