Perth Festival's Nathan Bennett will be stepping down to become chief executive of World Masters Games Perth 2029 early next year, an international multi-sport competition is held every four years
Paladin Energy says it intends to strongly defend a class action lawsuit alleging it engaged in misleading conduct relating to “unreasonably optimistic” production guidance.
Shares in uranium miner Paladin Energy fell by 28 per cent on Tuesday, following news it has revised its production guidance for the 2025 financial year.
Uranium producer Paladin Energy is potentially one step closer towards its desired acquisition of Fission Uranium Corporation, after the takeover target obtained court approval overnight.
Paladin Energy's proposed acquisition of Canada-based Fission Uranium Corporation has been delayed, following an objection from one of takeover target's shareholders.
Shares in uranium producer Paladin Energy closed trade up 6 per cent to $8.86, following news its acquisition of Canada-based Fission Uranium had been endorsed overnight.
Fresh from its likely $1.25 billion acquisition of Fission Uranium earlier this week, Paladin Energy has announced its Langer Heinrich mine production guidance for the 2025 financial year.
Paladin Energy recorded a net profit after tax of $61.4 million in the first six months to December 31 2023, up from a $4.8 million loss during the prior corresponding period.
Paladin Energy is calling for $215 million to restart the Langer Heinrich mine in Namibia and has lined up another taker for its product, evidence of what it says is a strengthening uranium market.
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.
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”.
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.
Ian Purdy has been appointed as the inaugural chief financial officer of Quadrant Energy. Mr Purdy will be responsible for overseeing all financial aspects of the company.
Mineral explorer and developer Mirabela Nickel still faces uncertainty as a going concern after coming out of administration in June, on the back of lower than expected nickel prices.
Mirabela Nickel chairman Geoff Handley and directors Colin Steyn and Peter Nicholson have all resigned from the board of the embattled company, which remains in a trading freeze as it works to restructure its $US454 million of debt.