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Paladin Energy Ltd (ASX:PDN)

ALERT: Price-sensitive ASX Announcement for PDN
Current share price for PDN : $10.150 -2.1 (-17.14%)+
Announcement
Release
12 Feb 2026 9:56AM
Price at Release
$12.250
Full Release
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Summary
Paladin Energy Ltd, a significant uranium producer, has reported strong operational progress in the quarter ended 31 December 2025, with a 16% increase in U3O8 production at the Langer Heinrich Mine (LHM) in Namibia. The company completed a successful equity raise and restructured its debt facility to improve liquidity. Paladin's average realized price for U3O8 was US$71.8/lb, with a production cost of US$39.7/lb. The company is advancing resource drilling and permitting activities in Canada, while maintaining a strong focus on safety and sustainability. Despite ongoing shareholder class actions, Paladin denies liability and intends to defend the claims. The company's financial position remains robust with cash and investments totaling US$278.4 million.
Key Points
  • Paladin Energy is a significant uranium producer with a 75% ownership of the Langer Heinrich Mine (LHM) in Namibia.
  • The LHM is ramping up operations, with increased production of 1.23 million pounds of U3O8 in the quarter ended 31 December 2025.
  • Paladin completed a successful A$300 million equity raise and A$100 million Share Purchase Plan to enhance liquidity.
  • The company restructured its debt facility to reduce overall debt capacity from US$150M to US$110M.
  • Paladin initiated resource drilling at ML140 and continued permitting activities for the Patterson Lake South Project in Canada.
  • The average realized price of U3O8 for the quarter was US$71.8/lb, with a cost of production of US$39.7/lb.
  • Paladin is planning for full mining and processing operations by FY2027.
  • The company remains focused on safety, sustainability, and stakeholder engagement.
  • Paladin is involved in shareholder class actions but denies liability and plans to defend the claims.
  • Liquidity is strong with US$278.4 million in cash and investments as of 31 December 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.