Paladin Successfully Completes A$300 Million Equity Raising

Core Viewpoint - Paladin Energy Ltd has successfully completed a fully underwritten equity raising totaling A$300 million to support the advancement of its Patterson Lake South Project and the ramp-up of operations at the Langer Heinrich Mine [1][8]. Equity Raising Details - The equity raising consists of three components: an ASX institutional placement raising approximately A$231 million, a TSX bought deal private placement raising C$30 million (approximately A$33 million), and a Treasury Share Sale raising approximately A$36 million [1][8]. - The ASX Placement involves the issuance of approximately 31.9 million new shares at A$7.25 per share [8]. - The TSX Bought Deal includes approximately 4.5 million new shares priced at C$6.66 per share [8]. - The Treasury Share Sale consists of approximately 5.0 million shares priced at A$7.25 per share [8]. Future Plans - The company plans to undertake a non-underwritten Share Purchase Plan (SPP) to raise up to A$20 million at the same price as the ASX Placement and Treasury Share Sale [2][10]. - Proceeds from the equity raising will primarily be used to advance the Patterson Lake South Project towards a final investment decision (FID) while also supporting the ongoing ramp-up of the Langer Heinrich Mine, which is expected to be completed by the end of FY2026 [4][8]. Timetable - Key dates include the settlement of the ASX Placement, TSX Bought Deal, and Treasury Share Sale expected on 22 September 2025, with new shares to be allotted on 23 September 2025 [5][6][12]. - The SPP offer documents are expected to be dispatched on 25 September 2025, with the SPP closing date set for 9 October 2025 [10][12].