Paladin dual lists on TSX

The news: Uranium producer Paladin Energy has begun trading on the Toronto Stock Exchange (TSX) after completing its acquisition of Canadian miner Fission Uranium.

What they said: "We are delighted to reach this milestone with our shares now trading on the TSX, and we welcome Fission shareholders to Paladin. We are truly excited by the opportunities ahead," Paladin CEO Ian Purdy said in an ASX announcement.

"The combination of Paladin and Fission creates a world-class diverse uranium producer operating in multiple countries, with a high-quality portfolio of production, development and exploration assets.”

The context: Regulators approved its acquisition this month after a national security review cleared the deal. It sees Paladin, one of the most shorted stocks on the ASX, take over Fission's listing in Toronto, taking up a dual-listing. A growing number of miners have decided to dual-list in Australia and Canada, taking advantage of the resource-heavy indices in both countries.