Uranium spot price plummets as buyers exit market

The takeover has faced several hurdles, including a delayed shareholder vote in August and opposition from Fission’s largest investor.

British Columbia's exploration sector has over 60 critical mineral projects waiting for permits.

The permit would allow Electra to advance exploration across its Iron Creek deposit, the Ruby project, as well as the neighboring CAS and Redcastle option properties.

Rook I project is considered to be the largest development-stage uranium deposit in Canada.