Paladin scraps uranium mine sale

Group fails to attract high enough bid, will instead run a $88m capital raising.

Paladin Energy has scrapped the sale of a stake in its flagship African uranium mine after it failed to attract a high enough bid.

The Australian-listed company instead will use a shareholder-diluting $88 million capital raising to reduce about $US670 million ($A753.95 million) of debt.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles