The planned takeover of Valhalla Uranium Ltd by Paladin Resources Ltd has hit a snag, as Valhalla's joint venture partner Summit Resources Aust Pty Ltd commences legal action with claims it has breached their agreement.
The forecast consolidation of the uranium sector is forging ahead, with Paladin Resources Ltd making a $174 million friendly takeover bid for explorer Valhalla Uranium Ltd.
Resolute Mining has lodged a prospectus seeking $8 million for the spin off of its uranium assets through a new corporate vehicle Valhalla Uranium Ltd.
