US EditionPaladin Announces A$300 Million Fully Underwritten Equity Raising to Advance the PLS Project - Paladin Energy (OTC:PALAF)
Paladin aims to use A$300 million raised through institutional placements and share sales to progress critical engineering, permitting, and exploration activities for uranium project development.
- Paladin Energy Ltd has initiated a fully underwritten equity raising totaling A$300 million to support the PLS Project's development.
- The funding includes an A$231 million ASX institutional placement and a C$30 million TSX bought deal.
- Proceeds will primarily advance the Patterson Lake South project towards a Final Investment Decision, with planned uranium production by 2031.
- The equity raising enhances balance sheet flexibility to support ongoing operations during the PLS Project's development.
15 Articles
15 Articles
Paladin Announces A$300 Million Fully Underwritten Equity Raising to Advance the PLS Project - Paladin Energy (OTC:PALAF)
Not for release to US newswire services or distribution in the United States PERTH, Australia, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Paladin Energy Ltd ((ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Company) announces it has launched a fully underwritten equity raising, comprising (i) an A$231 million ASX institutional placement of new Paladin fully paid ordinary shares (Shares) (ASX Placement), (ii) a Canadian "bought deal" private placement to …
Paladin Energy completes A$300m equity raise
PALADIN Energy said on Wednesday it had raised A$300m through the placement of shares with investors and through a ‘bought deal’ in Canada. The Australian-listed uranium development firm and producer plans also to raise A$20m through a share purchase plan. The proceeds from the share placement and bought deal (shares placed by agreement with a lender at a significant discount) will be used for the development of the Patterson Lake South Project …
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