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Paladin was issued these shares as part consideration for the Company’s acquisition of the Kayelekera Uranium Project.
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"The operational and economic parameters identified in the chosen restart plan show the strategic significance of the Langer Heinrich asset."
ASX-listed explorer Lotus Resources has defined near mine and Brownfield exploration targets of between 6 Mt to 22 Mt, containing between 7 Mlb to 14 Mlb of uranium oxide at a grade of 300 to 600 ppm of U3O8 at its recently acquired Kayelekera uranium project in Malawi.
Paladin Energy continues to focus on reducing cash expenditure and maximising the value of the strategically significant Langer Heinrich operation.
The ASX has granted Lotus Resources a waiver of ASX listing rule 14.7 which provides an extension for the company to complete the Kayelekera acquisition.
The future demand and subsequent price for uranium has a bright future as planned nuclear phases outs are generating opposition according to Paladin Energy.
Paladin Energy executes a Bid Implementation Agreement under which it is proposed that Paladin will acquire all of the issued shares of Summit Resources.
ASX/TSX-listed uranium miner Paladin Energy has confirmed it has and will not sell its Malawi-based Kayelekera mine, currently on care and maintenance. The statement is in response to an article which appeared in Malawi’s The...
Malawi – Pending Malawi parliamentary approval and introduction of a new Mining Act in Malawi, the Malawi Mines Department has deferred the issue of two exploration licenses to ASX-listed uranium producer Paladin Energy. The exploration...
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