| Paladin Energy Limited: Response to the Daily Times (Malawi) Article of 15 December 2015 | |
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PERTH, WESTERN AUSTRALIA--(Marketwired - December 16, 2015) - Paladin Energy Limited (Paladin) (PDN.AX) (PDN.AX) wishes to respond to an article which appeared in The Daily Times (Malawi) on 15 December 2015 under the title "Paladin sells off Kayelekera Mine". The article incorrectly asserts Paladin has sold all or part of its 85% interest in Kayelekera Mine to China National Nuclear Corporation. Paladin wishes to point out that there has been no change in its ownership of the Kayelekera Mine in Malawi. Kayelekera Mine was placed into care and maintenance in May 2014 due to low global uranium prices. A restart of Kayelekera Mine under favourable uranium market conditions would have the potential to quickly expand Paladin's overall production by in excess of 40%. Yours faithfully Paladin Energy Ltd ALEXANDER MOLYNEUX Interim CEO PALADIN ENERGY LTD ACN 061 681 098
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Paladin Energy Limited
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PRODUCER |
CODE : PDN.AX |
ISIN : AU000000PDN8 |
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Paladin Energy Ltd is a gold and copper development stage company based in Australia. Paladin Energy Ltd produces gold, copper, uranium in Malawi and in Namibia, develops uranium in Canada, and holds various exploration projects in Australia. Its main assets in production are LANGER HEINRICH in Namibia and KAYELEKERA in Malawi, its main asset in development is MICHELIN in Canada and its main exploration properties are ANGELA/PAMELA, OOBAGOOMA, SKAL, VALHALLA, BIGRLYI, MANYINGEE, MT LOFTY and SICCUS in Australia and NASH, JACQUES LAKE and RAINBOW LAKE in Canada. Paladin Energy Ltd is listed in Australia, in Canada and in Germany. Its market capitalisation is AU$ 23.0 billions as of today (US$ 15.0 billions, € 14.1 billions). Its stock quote reached its lowest recent point on March 20, 2020 at AU$ 0.04, and its highest recent level on April 26, 2024 at AU$ 13.45. Paladin Energy Ltd has 1 712 839 936 shares outstanding. |