Paladin Energy boosts cash, advances projects on strong uranium demand

Paladin Energy Ltd. announced a robust financial position for the quarter ended September 30, 2025, with cash and investments soaring to $269.4M, up from $48.9M in the prior year. This increase was primarily driven by a fully underwritten equity raising of A$300M completed on September 16, 2025, which included an ASX institutional placement of A$231M, a Canadian private placement of C$30M, and a sale of A$36M in treasury shares. The proceeds are earmarked for advancing the Patterson Lake South Project and supporting the ramp-up of the Langer Heinrich Mine.

Operational highlights include record quarterly U3O8 production of 1,066,496lb from the Langer Heinrich Mine, which continues its ramp-up toward full operational capacity in FY2027. The PLS Project in Canada also saw its technical robustness confirmed by an engineering review, with ongoing permitting activities. Paladin sold 533,789lb U3O8 at an average realized price of $67.4/lb, generating revenue of $36.0M.

In a related development, Van Eck Associates Corporation increased its substantial holding in Paladin Energy to 7.10% from 6.10%, acquiring 31,907,821 ordinary shares through various transactions, including an ASX institutional placement of 31.9M new shares at A$7.25 per share, and other in-kind transactions between October 10 and November 10, 2025. This reflects increased institutional confidence in Paladin’s growth trajectory.