As the trading week begins, investors are going to be on the lookout for stocks to track, and the Paladin Energy Ltd. (OTC:PALAF) stock could be one of those. Today the morning hit the news cycle after it made an announcement with regards to its Canadian operating company. In this feature, we take a closer look.
The Update
The company announced that Fission Uranium Corp., its Canada-based operating company, had inked a Mutual Benefits Agreement with the BRDN (Buffalo River Dene Nation). In the news release, it was also indicated that the agreement was the first of its kind that had been signed with the indigenous peoples related to the Patterson Lake South Project. It ought to be noted that the agreement would be in place for the lifetime of the project, and senior representatives of BRDN and Fission were present at the signing event.
Further Information
In this regard, it should be noted that the agreement was also a confirmation of the support of BRDN for the project in all the phases starting from development up until reclamation and decommissioning. Paladin Energy also stated that the agreement was also the start of a fresh, new relationship.
