Paladin Energy is cap in hand in front of investors seeking $200 million equity to help restart its Langer Heinrich mine in Namibia.Stockbrokers Canaccord Genuity and Shaw and Partners launched the deal on Thursday morning, after it was revealed by Street Talk.
Funds raised would be used to restart Paladin’s Langer Heinrich mine, which has a life of mine offtake agreement with CNNC Overseas Uranium Holding for up to 25 per cent of its production. It also follows a handful of other smaller uranium sector deals, including raisings by Boss Energy and Vimy.
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