Paladin Energy raises $419 million

Paladin Energy raises $419 million

On September 10th Paladin Energy raised $419 million. Theses additional funds are earmarked for acquisitions and further exploration. Paladin raised the money via a institutional private placement of 93.45 million shares, priced at $4.60 AU. This represented a 6.1% discount vs closing share prices earlier on September 9th. The company looks to use...

Areva acquires Namibian uranium mine

Areva acquires Namibian uranium mine Windhoek (Namibia): A French nuclear group, Areva, has sealed a deal to take control of a Canadian listed Namibian uranium producer, UranMin, in a US$2.5 billion deal which is expected to assure the French group of a steady supply of uranium ore. ...