trending Market Intelligence /marketintelligence/en/news-insights/trending/5L1W7mTGQDaG0uYcQu75QA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Australian regulator greenlights Avira Energy's uranium mine stake buy

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Essential Metals & Mining Insights, April 2021

Blog

Global M&A Infographic Q1 2021

Blog

COVID-19 Impact & Recovery: Private Equity


Australian regulator greenlights Avira Energy's uranium mine stake buy

Avira Energy Ltd. said Feb. 1 that it has received approval from Australia's Foreign Investment Review Board to take a stake in Paladin Energy Ltd.'s Manyingee uranium project in Western Australia.

On the closing of the transaction, Avira will acquire a 30% initial interest in Manyingee for US$10 million cash and form a joint venture with Paladin.

The company will then have an option to acquire an additional 45% of the Manyingee joint venture for a further US$20 million.

The deal still remains conditional upon Avira securing financing.