Paladin Energy Ltd (AU:PDN) has released an update.
Paladin Energy Ltd has successfully recommenced commercial uranium production at its Langer Heinrich Mine, meeting its schedule and budget with over 2.5 million hours worked without any serious incidents. The company is now focusing on increasing production and stockpiling inventory for upcoming customer shipments, underpinned by a strong uranium market and a newly secured $150 million debt facility. Following shareholder approval for a ten-to-one capital consolidation, Paladin boasts a robust balance sheet with $50 million in unrestricted cash.
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