News Articles for Paladin Energy

Our board moves wrap includes Peter Forsyth, David Singleton, Melissa Holzberger, and Joanne Palmer.

Boss Energy has become the third Perth-based uranium company to undertake a major capital raising this year, tapping into improving sentiment for the commodity.

Subiaco-based Paladin Energy is using funds secured from a placement and fully underwritten rights issue to progress the restart of its uranium operations in Namibia.

Our board moves wrap includes Richard Pearce, Siobhan Lancaster, Seamus Cornelius, Niels Wage, Simon Pooley, Steven Zaninovich, Denise McComish, Edward Greissing, Luisa Ingargiola, Nathan Bartrop, Andrea Betti, Ranko Matic, David Gay, Jonathan Hjelte, Rick McCormick, Tom Todd, Greg Swan, Melanie Ross, and Kelly Moore.

Paladin Energy has estimated the cost of restarting its Langer Heinrich uranium mine in Namibia to be $US81 million, but says a restart in operations would depend on “the right uranium price”.

With the world crying out for non-fossil fuels and the uranium supply and demand curves predicted to cross over soon, Deep Yellow is sitting on a veritable powerhouse of uranium assets in Namibia that are moving rapidly towards being production ready ahead of an expected uranium price hike. In recent drilling at the Tumas 3 deposit, 85% of drill holes returned a result greater than 100ppm eU3O8 over 1m.

Paladin Energy has received formal approval from the government of Malawi to proceed with the sale of its Kayelekera uranium project to Perth-based Lotus Resources and Lily Resources.

Richard Homsany has joined the board of Brookside Energy as a non-executive director.

Ian Purdy will replace Scott Sullivan as the new chief executive of Paladin Energy, following the uranium miner's major board upheaval two months ago.

Our board moves wrap includes Andrew Barclay, Matt Hardisty, Melissa Chapman, Matthew Foy, Tim Markwell, Michael Atkins, Debra Bakker, James Wallbank, Simone Suen, Greg Miles, Janet Wicks, RuCai Ding, ShaoFeng Li, Peter Watson, Peter Main, Daniel Harris, David Riekie, and John Hodder.

Uranium miner Paladin Energy has appointed experienced mining directors Peter Watson and Peter Main to the board, while three non-executive directors have stepped down from their roles.

Our daily board moves wrap includes Brett Lawrence, Cliff Lawrenson, Rick Crabb, Michael Shirley, Brian Elton, and Chris Brophy.

Uranium miner Paladin Energy has appointed Cliff Lawrenson as its non-executive chairman, after Rick Crabb announced his intention to step down from the role.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Our daily board moves wrap includes Pierre Fallourd, Geoff Newman, Gino D'Anna, Brett Fraser, Frederick Hess, Peter Bennetto, Rick Crabb, David Riekie, Angus Middleton, Stephen Jones, and Mark Borman.

Uranium company Paladin Energy has announced it will raise $30.2 million through a share placement and a further $7 million from a share purchase plan, with the proceeds to help cover the cost of maintaining its mothballed African mines.

Shares in West Perth-based Hylea Metals were up 592 per cent today after the junior announced it acquired a 65 per cent stake in Paladin Energy's Kayelekera uranium mine in Malawi.

Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.

Paladin Energy is preparing for a recovery in the uranium market, approving a prefeasibility study to evaluate restarting its Langer Heinrich mine in Namibia.

Global miner Rio Tinto says it will sell its entire stake in Rossing Uranium to China National Uranium Corp for up to $106.5 million.

Cheryl Edwardes and Rick Crabb know better than most what it takes to steer a troubled business through a ‘near-death' experience.

Paladin Energy has announced plans to move to full ownership of fellow Perth-based uranium company Summit Resources, in a scrip deal worth around $7.8 million.

The Chamber of Minerals and Energy of WA today confirmed the appointment of Paul Everingham as its new chief executive, while uranium miner Paladin Energy has recruited a former Newcrest Mining executive to lead the company.

King & Wood Mallesons Partner Nathan Collins, who was involved in the debt restructuring of troubled uranium miner Paladin Energy, says the deal, which left existing shareholders with a 2 per cent stake, was the only real option for the company.

Three local junior explorers have raised more than $21 million, with Draig Resources and Triton Minerals boosting their coffers while the Charlie Bass-led Eagle Mountain Mining has commenced trading on the ASX after raising $8 million via an initial public offering.

SPECIAL REPORT: Four years after exiting the iron ore sector near the top of the boom, Charlie Bass has teamed up with a pair of experienced company directors for a new mining float.

Uranium miner Paladin Energy made a positive return to the ASX today following a tumultuous period during which it announced a recapitalisation deal that left shareholders with 2 per cent of the company's equity.

Uranium miner Paladin Energy has confirmed the approval of its recapitalisation deal, which will leave existing shareholders with a 2 per cent stake in the company, and appointed Daniel Harris and David Riekie to the board.

Shareholders in uranium miner Paladin Energy will end up owning just 2 per cent of the company under a recapitalisation plan that will include a major debt for equity swap and a $US115 million high yield secured note raising.

The restructuring of Paladin Energy has taken a surprise turn after Chinese group CNNC Overseas Uranium Holdings advised it would not exercise an option to buy the Langer Heinrich uranium mine.

The administrators of Paladin Energy have entered into an agreement with Deutsche Bank to refinance some of the troubled uranium miner's debt and fund ongoing work at the Langer Heinrich mine in Namibia.

Paladin Energy says it is entitled to receive about $US416 million for its majority stake in the Langer Heinrich uranium mine in Namibia, following an independent evaluation of the asset.

Uranium miner Paladin Energy, which at its peak was one of WA's most valuable companies, has lost its battle to stay afloat after creditor Electricite de France demanded repayment of a $US277 million ($A370 million) debt.

Paladin Energy will be left to sweat for up to a month on an independent valuation of its stake in the Langer Heinrich uranium mine, as a critical $US277 million debt repayment looms.

Paladin Energy's planned $US10 million sale of a 30 per cent stake in the Manyingee uranium project to Avira Energy has been thwarted, with Avira unable to secure financing in time.

Uranium miner Paladin Energy says it has started arbitration proceedings against its Chinese joint venture partner over complications with its plans to sell a stake in its Langer Heinrich mine.

Fortescue Metals Group has risen into the ranks of the top 50 most valuable companies on the Australian share market thanks to soaring iron ore prices which have nearly quadrupled the miner's half-year profit and stoked investor demand.

Ahead of a looming April deadline for a $US212 million convertible bond repayment, uranium miner Paladin Energy has announced a proposal to restructure its balance sheet by converting some debt into equity, extending the maturity date of the remaining amount, and undertaking a $US75 million capital raising.

Paladin Energy has offloaded its entire shareholding in Deep Yellow, taking advantage of a share price spike after the uranium miner's former managing director John Borshoff joined the junior explorer.