Paladin reports 33% production increase, appoints new CEO

Paladin Energy Limited reported a 33% quarter-on-quarter production increase at its Langer Heinrich Mine for the period ended 30 June 2025, marking the highest production since its March 2024 restart and an all-time record for crusher circuit throughput.

At the Patterson Lake South Project, the Final Environmental Impact Statement was formally accepted by the Saskatchewan Ministry of Environment. A winter drilling program yielded the most significant radioactivity results on the company's tenements outside the Triple R deposit.

Paul Hemburrow has been appointed managing director and chief executive officer, effective September 1, 2025. Paladin ended the quarter with US$89.0m in cash and cash equivalents and an undrawn US$50m revolving debt facility.