Paladin Energy targets first production at Patterson Lake South in 2031
Paladin Energy plans to use AUD 525 million in equity funding to develop Patterson Lake South toward targeted first production in 2031, with a share purchase plan seeking up to AUD 50 million at AUD 7.80 per share.
1. Funding and development
Paladin Energy will use AUD 525 million in equity funding to develop Patterson Lake South toward targeted first production in 2031. Funding will also support potential resource growth and mine-life extension at Triple R, as well as exploration across its Athabasca Basin portfolio. A planned non-underwritten share purchase plan targets up to AUD 50 million from eligible shareholders at AUD 7.80 per share and is scheduled to open November 23, 2026, and close December 7, 2026.
