Paladin Energy Ltd (ASX: PDN) shares will be reinstated to official quotation tomorrow on a deferred settlement basis following the successful completion of a recapitalisation.
Deferred settlement trading will end next Thursday 22 February, 2018 and normal T+2 trading will commence next Friday 23 February 2018.
Paladin remains a global leader in uranium
Paladin is the 8th largest uranium company in the world by capacity and the largest pure-play uranium producer listed on the ASX.
Paladin considers its value to be based on five key drivers:
• Its producing Langer Heinrich uranium mine;
• The quality of its pipeline of exploration and pre-development projects;
• The experience of its management team;
• The dynamics of the uranium industry; and
• The sustainability of its operations.
Uranium projects in Africa, Canada and Australia
Paladin’s principal business is the evaluation, development and operation of uranium projects in Africa, Canada and Australia.
The company currently sells uranium concentrates from the operating Langer Heinrich Mine (LHM) in Namibia.
It has also previously developed to production phase the Kayelekera uranium mine in Malawi, currently on care and maintenance.