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Paladin Secures A$300M to Propel Patterson Lake South Uranium Project
8:51am on Tuesday 16th of September, 2025 AEST
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Mining
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Paladin Secures A$300M to Propel Patterson Lake South Uranium Project
8:51am on Tuesday 16th of September, 2025 AEST
Key Points
A$300 million fully underwritten equity raising including ASX placement, TSX bought deal, and Treasury Share Sale
Offer price set at A$7.25 per share, representing an 8% discount to recent trading prices
Funds earmarked for engineering, permitting, early site works, exploration, and ramp-up of Langer Heinrich Mine
Non-underwritten Share Purchase Plan targeting up to A$20 million for eligible shareholders
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Paladin Energy (ASX:PDN)
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