Paladin Energy Ltd: Settlement of Areva Proceedings

email Email  Print Print  
Thu, Dec 3, 2009
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

Paladin Energy Ltd reports that it has reached an agreement to resolve its dispute with Areva NC (Australia) Pty Ltd (Areva).

The settlement is subject to certain conditions precedent. Please refer to the announcement today by Summit Resources Limited made as part of its rights issue (copy of extract attached) for details of the settlement.

Paladin is very pleased with the settlement as (if the settlement becomes unconditional) it:

 (a) resolves the dispute with Areva, and thereby paves the way for Paladin and Areva to work cooperatively as shareholders of Summit Resources Ltd; and

 (b) effectively brings to an end the proceedings described in Summit Resources Limited’s announcement of today.

For full details of this press release, click this link.

Uranium Investing News researchers discovered Paladin’s project described on their website.

Follow developments in uranium mining and exploration for free.

Sign on to the Uranium Investing Newsletter.

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Uranium Investing News' Comment Policy?
Uranium Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Uranium Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Asides

  • Conferences and Trade Shows: For more information on the uranium market and companies, add the U2009 Global Uranium Symposium conference May 9-13, 2009 in Keystone, CO to your calendar.  Other shows include: Cambridgehouse, IIC, Chicago Resource Expo

  • The Uranium Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • u3o8.biz Database of Uranium Companies/Uranium Stocks: A comprehensive list of uranium companies including: Trading Symbol, Share Price, Market Cap, Resource, Land Holdings, and Market Cap / U3O8 lbs

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

Information