Paladin Energy provides quarterly activities report for December 2022

Paladin Energy Ltd (ASX: PDN) has released its quarterly activities and cashflow report for the quarter that ended 31 December 2022.

• The company continues to progress resume project activities at the Langer Heinrich Mine to production aimed for Q1 CY2024
• During the quarter, the company executed three uranium offtake agreements with industry-leading counterparties, subsequent the previous tender awards.
• The company negotiated to supply additional uranium concentrate volumes in 2024 and 2025 as per the deed signed with its counterparties. It includes the early payment agreement.
• The company appointed Mr. Paul Hemburrow as Chief Operating Officer. He will commence the role in February 2023.
• The company completed the summer exploration field program at the Michelin Project in Labrador and Canada, during the quarter.
• The company’s unrestricted cash stood at AU$163.2 million on 31 December 2022.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com