Jinwu Financial News | CGN Mining (01164) remained high in the afternoon. As of press release, it rose 9.15% to HK$1.79, with a turnover of HK$0.208 billion.
The company has successfully completed a share exchange acquisition, and 11.26% of Fission's shares have now been converted to 2.61% of Paladin's shares. Following this transaction, Fission has been delisted from the Toronto Stock Exchange, and Paladin's shares are now traded on the Toronto Stock Exchange, expanding CGN Mining's investment in uranium projects. This strategic move reflects CGN Mining's continuous efforts to strengthen its position in the field of natural uranium.
According to a recent research report by Guoxin Securities, the number of commercial nuclear power units in China has reached 56, with a total installed capacity of 58.218 million kilowatts, ranking third in the world; approval has been normalized, 46 units under construction and approved for construction have reached 46, with a total installed capacity of 55.471 million kilowatts. The scale under construction is the largest in the world, and future growth is highly certain. The role of nuclear power as a baseload power source in power systems is becoming more and more prominent. Global confidence in the development of nuclear power has increased markedly, and installation plans have increased dramatically. At the same time, new nuclear power technologies such as small reactors and fourth-generation reactors have received widespread attention, which is expected to further open up space for nuclear power development. The increase in installed capacity and power generation hedges downward pressure on electricity prices, and it is expected that the profits of nuclear power companies will remain stable.
