Paladin’s Share Sale Raises Funds for Canadian Uranium Mine (1)

Paladin Energy Ltd. has raised A$300 million ($200 million) selling shares to develop a Canadian uranium project.

The company sold A$231 million of new shares to be traded in Sydney, Paladin said in a statement Tuesday. It also completed a fully underwritten sale of A$36 million of existing stock obtained as a result of the acquisition of Fission Uranium Corp., with a Canadian buyer taking the balance.

Perth-based Paladin agreed to buy Fission Uranium in a C$1.14 billion ($830 million) deal in June 2024, gaining control of the Patterson Lake South Project and signaling a revival for an industry ...