11:55 AM EDT, 10/02/2024 (MT Newswires) -- Fission Uranium ( FCUUF ) late on Tuesday said it received a notice from the Canadian Minister of Innovation, Science and Industry ordering a national security review of Paladin Energy's planned takeover of Fission.

As a result, consideration of the deal under the Investment Canada Act has been extended and remains ongoing, the company said.

Fission said it is considering the Minister's notice, exploring its options and evaluating the prospects of obtaining Investment Canada Act clearance for the deal.

The deal remains subject to other customary conditions including a final order from the Supreme Court of British Columbia.

Fission shares were last seen down $0.035 to $0.975 on the Toronto Stock Exchange.

Price: 0.98, Change: -0.04, Percent Change: -3.47