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.
It’s been a long time coming for some of Canada Fluorspar’s (TSX-V: CFI) founding investors, but persistence appears to have paid-off. Arkema and Canada Fluorspar announced they signed a definitive agreement worth $84 million to fully fund and give a past-producing fluorspar mine in Newfoundland, Canada, a second life.
Since Alcan closed up shop at the Blue Beach-Tarefare fluorspar mine just outside the town of St. Lawrence in 1978, various operators have taken a crack at bringing operations back online to produce acidspar, which is used for a variety of industrial purposes such as in hydrofluoric acid production.
