Fission Uranium Announces Minister’s Clearance of Plan of Arrangement

Press Release

KELOWNA, BC, December 18, 2024  FISSION URANIUM CORP. (TSX: FCU) (OTCQX: FCUUF) (“Fission” or the “Company”) is pleased to announce today that it has received clearance from the Minister of Innovation, Science and Industry (the “Minister”) under the Investment Canada Act with respect to the previously announced plan of arrangement (the “Arrangement”) with Paladin Energy Ltd. (“Paladin”).

With clearance under the Investment Canada Act now obtained, Fission and Paladin expect to close the Arrangement by early January 2025.

Additional information regarding the terms of the Arrangement are set out in the Company’s management information circular dated July 22, 2024 which is available under Fission’s profile at www.sedarplus.ca and on the Company’s website at www.fissionuranium.com/investors/#sgmMaterials.

About Fission

Fission Uranium Corp. is an award-winning Canadian uranium project developer and 100% owner of the Patterson Lake South uranium property – a proposed high-grade uranium mine and mill in Canada’s Athabasca Basin region. Fission’s common shares are listed on the TSX Exchange under the symbol “FCU” and trade on the OTCQX marketplace in the U.S. under the symbol “FCUUF” and on the Frankfurt Stock Exchange under the symbol “2FU”.

For further information, please contact:

nvestor Relations:
TF: 877-868-8140
ir@fissionuranium.com
www.fissionuranium.com

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