Paladin Energy

Uranium miner Paladin Energy has appointed experienced mining directors Peter Watson and Peter Main to the board, while three non-executive directors have stepped down from their roles.

Ian Purdy will replace Scott Sullivan as the new chief executive of Paladin Energy, following the uranium miner's major board upheaval two months ago.

Paladin Energy has received formal approval from the government of Malawi to proceed with the sale of its Kayelekera uranium project to Perth-based Lotus Resources and Lily Resources.

Paladin Energy has estimated the cost of restarting its Langer Heinrich uranium mine in Namibia to be $US81 million, but says a restart in operations would depend on “the right uranium price”.

Subiaco-based Paladin Energy is using funds secured from a placement and fully underwritten rights issue to progress the restart of its uranium operations in Namibia.

Boss Energy has become the third Perth-based uranium company to undertake a major capital raising this year, tapping into improving sentiment for the commodity.

Vimy Resources has knocked back a $687 million merger proposal from fellow uranium aspirant Deep Yellow, choosing instead to start a strategic review and open the bidding to other potential buyers.

Engineering contractor Monadelphous Group has been cut from the ASX200 in an S&P Dow Jones rebalance, while a new discovery propels Liontown to the top end of the market.

Paladin Energy chair Cliff Lawrenson and non-executive director Peter Watson offloaded a combined 4.5 million shares in the uranium company last week.

Paladin Energy is calling for $215 million to restart the Langer Heinrich mine in Namibia and has lined up another taker for its product, evidence of what it says is a strengthening uranium market.

Paladin Energy and Deep Yellow have taken to the ASX to hose down media speculation that the Namibian government may look to up its stake in upcoming projects.

Shares in Australian uranium companies rose on Friday, following a significant update from Kazakhstan-based Kazatomprom, which is the world's largest producer.

The share price of several Australian uranium companies fell on Friday, following a production update from Canada's leading entity, Cameco.

Paladin Energy recorded a net profit after tax of $61.4 million in the first six months to December 31 2023, up from a $4.8 million loss during the prior corresponding period.

Shares across several Western Australia-based uranium exploration companies rose on Wednesday, following news overnight that the US senate unanimously approved a bipartisan bill to ban Russian imports from 2028.

Perth-headquartered uranium producer Paladin Energy has announced it will acquire 100 per cent of Fission Uranium in a deal worth $AU1.25 billion.

Fresh from its likely $1.25 billion acquisition of Fission Uranium earlier this week, Paladin Energy has announced its Langer Heinrich mine production guidance for the 2025 financial year.

The controversial yellow mineral has been one of the most talked-about products of 2024.

Paladin Energy ended the 2024 financial year in style, following the resumption of commercial production at its Langer Heinrich mine in Namibia.

Shares in Western Australia-based uranium companies closed trade strongly on Monday, following major news from global powerhouse Kazatomprom.

Shares in uranium producer Paladin Energy closed trade up 6 per cent to $8.86, following news its acquisition of Canada-based Fission Uranium had been endorsed overnight.

Paladin Energy's proposed acquisition of Canada-based Fission Uranium Corporation has been delayed, following an objection from one of takeover target's shareholders.

Uranium producer Paladin Energy is potentially one step closer towards its desired acquisition of Fission Uranium Corporation, after the takeover target obtained court approval overnight.

WA-based uranium companies enjoyed solid gains on Thursday, following overnight news in the US that Amazon plans to invest more than $US500 million in nuclear power.

Shares in uranium miner Paladin Energy fell by 28 per cent on Tuesday, following news it has revised its production guidance for the 2025 financial year.

Western Australian-based uranium companies predominantly closed trade positively on Monday, following news out of from Moscow late last week.

Paladin Energy’s bid to acquire Canada-based Fission Uranium Corporation has hit further delays, following news overnight.

Western Australia-based uranium companies across the board enjoyed moderate ASX gains on Monday, following recent developments from leading Canadian uranium fuel producer, Cameco.

Paladin Energy chief executive Ian Purdy says the uranium producer is ideally placed to become a major producer in the sector.

Uranium producer Paladin Energy has been granted a key exemption in relation to its Patterson Lake South project in Canada.

Paladin Energy's production at its flagship Langer Heinrich mine in Namibia has been affected for the second time since November.