Just over a month after Uranium One emerged on the register of Paladin Energy, prompting takeover speculation, the Russian-controlled miner has sold its 3 per cent stake.
In a statement today Paladin said it "welcomed" the news that Uranium One had sold its recently-acquired stake.
The Toronto Stock Exchange-listed Uranium One made the announcement overnight.
"Importantly this leaves Paladin as the only fully independent, publicly listed pure uranium producer in the world," Paladin said in a statement.
Paladin revealed that Uranium One was building a stake in the miner early last month, sparking speculation it could have the African-focused miner in the crosshairs.
Shares in Paladin were 2 lower to $3.75 by 9.20am.
Paladin has long been regarded as a takeover target because it is one of the few mid-tier uranium producers in the world.
BMN Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held
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