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Complex negotiations followed between the Americans, British and Canadians regarding patent rights, export controls, and the exchange of scientific information, but the purchase was approved when Churchill and Roosevelt met at the [[Second Washington Conference]] in June 1942.{{sfn|Hewlett|Anderson|1962|pp=85–86}} Over the next eighteen months, LaBine and John Proctor from the [[Imperial Bank of Canada]] criss-crossed North America buying up stock in Eldorado Gold Mines,{{sfn|Bothwell|1984|pp=123–124}} which changed its name to the more accurate Eldorado Mining and Refining on 3 June 1943.{{sfn|Manhattan District|1947a|p=3.1}} On 28 January 1944, Howe announced in the [[House of Commons of Canada]] that Eldorado had become a [[crown corporation]], and the remaining shareholders would be reimbursed at $1.35 a share.{{sfn|Bothwell|1984|p=149}}
Shortly after to the nationalization of Eldorado Gold Mines, the Canadian government initiated an investigation into the company's historical management practices and operations tha yielded evidence suggesting fraudulent activities.<ref name=":0">{{Cite web |last=Sylvain |first=Lumbroso |last2=Wentzell |first2=Tyler |date=2024-01-02 |title=Unearthing a Nuclear Scandal |url=https://thewalrus.ca/unearthing-a-nuclear-scandal/ |access-date=2025-04-26 |website=The Walrus |language=en-US}}</ref> As a result, in February 1946, Marcel Pochon, financial director Carl French, and Boris Pregel were charged with criminal conspiracy and fraud. They were alleged to have misappropriated and significant funds from Eldorado through a network of secretly controlled companies.<ref>{{Cite news |date=12 February 1946 |title=Uranium To Forefront In Spy Ring Inquiry |url=https://princealbertlibrary.ca/padh/1946/February/Feb%2019,1946.pdf |work=[[Prince Albert Daily Herald]] |pages=1 & 8}}</ref> However, the criminal proceedings against Pochon, French, and Pregel were discontinued. This decision was reportedly driven by the Canadian government's desire to avoid public disclosure of potentially sensitive wartime transactions. Terms of any settlement reached with Eldorado remained confidential.<ref name=":0" /> Related scrutiny also brought to light reports that Pregel, operating with U.S. government authorization, had facilitated the sale of 0.23 tonnes of uranium oxide to the Soviet Union during the war period. This transaction indicated that the distribution of Canadian uranium was not solely confined to the Manhattan Project.<ref>''[[Time (magazine)|Time]]'' March 13, 1950</ref>
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