CAPITAL MARKETS

Paladin comes up with 'Plan B'

PALADIN Energy has come up with a new plan to save itself that relies on CNNC Uranium Holdings stumping up at least US$500 million for Paladin’s 75% stake in the Langer Heinrich operation in Namibia.

Michael Quinn
Paladin comes up with 'Plan B'

That price would broadly be in line with CNNC’s agreement mid-last year to pay $175 million for a 24% stake in the project – albeit the spot uranium price is down about 10-15% over that same period. ...

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