Berkeley Energia to bring Salamanca on stream just as uranium market tips into deficit
Berkeley Energia is funded to production, and set to make a significant impact on the uranium market
Company
TSE:PDN
Paladin is listed on the Australian Securities Exchange, Toronto Stock Exchange and Namibian Stock Exchange under the symbol PDN. The Company also trades on the Munich, Berlin, Stuttgart, and Frankfurt Exchanges under the symbol PUR. Paladin is a uranium production company with projects currently in Australia and two mines in Africa with a strategy to become a major uranium mining house. Since 1998, during a period of sustained downturn in global uranium markets, Paladin accumulated a quality portfolio of advanced uranium projects each having production potential.
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Berkeley Energia is funded to production, and set to make a significant impact on the uranium market
The U-pgrade process reduced one tonne of mined ore to only 25 kilograms.
Shares in Thundelarra are up 60% over the past month after drilling revealed visible gold.
Bannerman will apply for a full mining licence once the uranium price recovers.
Etango has a current mine life of 16 years, with expansion potential.
Deutsche Bank will acquire the existing Nedbank Revolving Credit.
Langer Heinrich Mauritius Holdings has been valued at $US583 million.
The company's new partner was the result of a detailed selection process.
The required support from the 2017 bondholders has been reached.
Creditors are standing behind Paladin as it fights CNNC.
Paladin intends to dispute CNNC’s actions unless an acceptable compromise can be reached.
Bannerman most recently commenced a DFS update at Etango.
The halt will remain in place until Monday 13th March 2017.
Paladin is trading up over 70% year to date, currently priced at $0.15.
Bannerman recently commenced a definitive feasibility study update.
Bannerman Resources (ASX:BMN; NSX:BMN) has now completed Tranche 2 of its recent placement, with the issuance of shares approved by shareholders in early 2017.
Bannerman is benefiting from uranium prices with shares up 150% in 2017.
Argosy Minerals (ASX:AGY) non-executive chairman, Alexander Molyneux, has once again bought shares on-market.
Bannerman shares have doubled over the past month.