Paladin Energy released its June 2022 quarter results.

Paladin Energy Ltd (ASX: PDN) has released its Q4 FY2022 report for the quarter ended 30 June 2022.

• During the quarter, the Company restarted the production at the Langer Heinrich Mine. The decision to restart the production at this mine was driven by the robust uranium market fundamentals along with constant progress on uranium marketing activities together with the signing a binding agreement for the earlier announced Tender Award.
• Paladin received A$215 million proceeds (before costs) from the A$200 million fully underwritten institutional placement. It raised another A$15 million via Share Purchase Plan.
• PDN increased its ownership in the Michelin Project from 65% to 70%.
• By the end of Q4 FY2022, PDN had net cash of US$156.778 million.

At AEST 11:04 AM, PDN shares are trading at A$0.640, up 4.065% from the previous close.

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