Paladin Energy aims to crack uranium big league with Canadian takeover
Paladin would churn out 10% of global uranium output after combining production of its Namibian mine with Fission’s Canadian project.
After talks began last September and no other offers materialized, Canadian zinc miner Breakwater Resources (TSX: BWR) announced early Wednesday that it had accepted Belgium based metals producer Nyrstar NV C$7 per share all-cash offer.
Nyrstar will pay around C$619 million for Breakwater; an offer Breakwater CEO David Petroff called “an attractive and fair premium to the current share price,” thanks to a 44% premium.
