Record Langer Heinrich Production
Langer Heinrich Mine achieved the highest quarterly production to date as part of the ongoing ramp-up, producing 745,000 pounds of uranium, a 17% increase from the previous quarter, despite significant weather challenges.
Strong Financial Position
Paladin reported unrestricted cash and short-term investments of $127.8 million as of March 31, 2025, with undrawn debt facilities of USD 50 million.
Operational Resilience in Namibia
Despite a one in 50-year rain event in Namibia, the team successfully mitigated impacts with no significant safety or environmental incidents reported.
Advancement in Canadian Projects
Paladin made significant progress in Canada, including signing two Mutual Benefit Agreements with First Nations and receiving an exemption from the Canadian Non-Resident Ownership Policy for the PLS project.
Successful Community Engagement
Paladin supported local communities by donating an ambulance, providing equipment to the police, and offering IT resources to schools in Namibia.