04:57 PM EDT, 10/08/2024 (MT Newswires) -- Fission Uranium ( FCUUF ) after trade Tuesday said it received a final order from the Supreme Court of British Columbia approving its $1.14-billion sale to Australia's Paladin Energy.

The company added that the completion of the sale, however, is uncertain because it requires clearance under the Investment Canada Act.

The Minister of Innovation, Science and Industry notified the company on Oct. 1 that a national security review of the arrangement is underway. Fission Uranium ( FCUUF ) said that given this process, it is not guaranteed that the company will obtain ICA clearance promptly or at all, and failure to do so would prevent the arrangement from being completed.

Paladin in June agreed to acquire Fission for shares worth C$1.30 each to gain control of its uranium properties in northern Saskatchewan's prolific Athabasca Basin.

The company's shares closed up $0.01 to $1.03 on the Toronto Stock Exchange.