Paladin Energy Ltd is an Australian-based global uranium leader focussed on maximising the value of its 75% stake in the Langer Heinrich Mine in Namibia. Langer Heinrich is a globally significant, life-long operation, having already produced over 40 million pounds of U3O8 to date.
Paladin placed its Langer Heinrich Mine on care and maintenance due to the sustained low uranium spot price and to preserve resource and shareholder value. However, in March 2019 Paladin commenced feasibility studies aimed at re-positioning the Langer Heinrich operation for a restart when a suitable uranium incentive price is reached and to develop opportunities to reduce operating costs and potentially recover vanadium.
Beyond Langer Heinrich, the Company also owns a large global portfolio of uranium exploration and development assets.
Paladin is listed on the Australian Securities Exchange (ASX) and the Namibian Stock Exchange (NSX) under the symbol PDN. The Company also trades on the Munich, Berlin, Stuttgart, and Frankfurt Exchanges under the symbol PUR.
Paladin is a uranium production company with its producing mine in Africa and exploration projects in Australia and Canada.