Paladin Energy stock: AUD 525 million raise clears bookbuild

Published on 11/13/2026 at 20:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Paladin Energy stock is tied to an AUD 525 million underwritten raise for Canadian uranium projects. Settlement and allotment are scheduled for Nov. 18 and 19.

Funding targets Canadian uranium growth

Paladin completed the bookbuild for an AUD 525 million fully underwritten equity raising.
Proceeds will support Patterson Lake South, Triple R expansion and Athabasca Basin exploration.
Settlement is expected on Nov. 18, followed by ASX allotment on Nov. 19.

Paladin, AU000000PDN8, Illustration mit AI erstellt.

Paladin Energy announced on Thursday, Nov. 12, that it had completed the bookbuild for a fully underwritten equity raising of AUD 525 million, according to GlobeNewswire. The offer comprises an ASX institutional placement of about 64.0 million new shares at AUD 7.80 each to raise about AUD 499 million, plus a Canadian bought deal of about 3.3 million shares at CAD 7.62 each to raise about CAD 25 million.

Eligible shareholders in Australia and New Zealand may also participate in a non-underwritten share purchase plan targeting up to a further AUD 50 million at the same offer price.

Capital targets project development

Paladin plans to use the proceeds for ongoing development of the Patterson Lake South project in Canada's Athabasca Basin, potential resource growth and mine-life extension at Triple R, and further regional exploration. The company is targeting first production at Patterson Lake South in 2031.

The planned work includes early mobilisation, procurement and site-readiness activities for the 2027 and 2028 capital programs. Paladin also cited balance-sheet flexibility and the advancement of a project-financing solution among the intended uses of funds.

Settlement schedule remains ahead

Settlement of the ASX placement and the Canadian bought deal is expected on Nov. 18, with the new ASX shares due to be allotted on Nov. 19. The share purchase plan is expected to open around Nov. 23, close on Dec. 7 and report participation and allotment on Dec. 14; the timetable remains subject to change.

Paladin Energy stock traded at EUR 4.38 on Lang & Schwarz at 8:50 p.m. CET on Friday, Nov. 13, 2026.

Australian equities trade within the broader S&P/ASX 200 market.

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