Paladin raises A$200m to restart Langer Heinrich

Uranium company Paladin Energy on Thursday announced plans to raise A$215-million to restart operations at the Langer Heinrich uranium mine, in Namibia.


The equity raise comprises a single tranche fully underwritten share placement to raise A$200-million and a non-underwritten share purchase plan (SPP) to be offered to eligible Paladin shareholders with registered addresses in Australia or New Zealand to raise up to an additional A$15-million.