Paladin abandons Manyingee stake sale to Avira

Uranium miner Paladin Energy has abandoned a sales agreement with ASX-listed Avira Energy over a 30% interest in the Manyingee project, in Western Australia. The two companies in July last year signed a binding term sheet under which Avira would acquire an initial 30% interest in the project for $10-million, and a subsequent 45% interest for a further $20-million.