PALADIN Energy ended 2025 in a strong financial position to finish ramping up its Langer Heinrich Uranium mine this year.
The company yesterday released their December 2025 half-year financial review, which showed sales of N$2.2 billion of yellowcake from their Namibian operations.
“The half-year results also highlight the robust financial position of Paladin Energy with increasing revenue from strong sales augmented by a successful equity raising and a restructure of the debt portfolio that will enable us to complete our ramp-up activities at the Langer Heinrich mine,” Paladin chief executive Paul Hemburrow says.
The Australian-listed company announced that its total unrestricted cash and investments increased by 213% in the second half of the year. This is after cutting its debt and raising N$4.5 billion from investors.
The investments are primarily to support their Canadian operations, but it also improves the company’s financial position for the continued investment needed to make Langer Heinrich fully functional by 2027.
Paladin owns 75% of Langer Heinrich, with the China National Nuclear Corporation holding the remaining 25%.
The mine was operated by Paladin between 2007 and 2018, but was put under care and maintenance due to low uranium prices. The company restarted production in 2024 and aims to achieve full production capacity by 2027.
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