Paladin Energy Limited develops, explores for, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company also holds 70% interest in the Michelin project that covers an area of 52,250 hectares located in Labrador, Canada; and 100% interest in the Mount Isa project that consists of six mineral development licenses located in Queensland, Australia. In addition, it holds 100% interest in the Manyingee project comprising three mining licenses and two exploration licenses covering an area of 1,307 hectares located in the north-west of Western Australia; and the Carley Bore project that consists of two contiguous exploration licenses with granted retention status in Western Australia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007. Paladin Energy Limited was incorporated in 1993 and is based in Perth, Australia.
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Paladin Energy has announced a restructuring of its syndicated debt facility, which led to a 5% drop in its share price. The company states this debt restructure leverages enhanced liquidity.
