Mining News

Investors flock to Paladin raising

Uranium developer Paladin Energy has completed an institutional placement that will raise some A$200-million in cash.

The ASX-listed company earlier this week announced a A$215-million capital raise initiative to restart operations at the Langer Heinrich uranium mine, in Namibia. In addition to single-tranche fully underwritten share placement, the company would also raise A$15-milion through a share purchase plan (SPP).

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