Paladin secures six offtake contracts

CHAMWE KAIRA

Paladin Energy, which is in the process of restarting the Langer Heinrich uranium mine in the Erongo Region has secured cornerstone offtakes with foundation customers and has six offtake contracts executed with top tier counterparties in the US, Europe and China.

Paladin CEO, Ian Purdy said the contract book for 2024 is now closed. “These contracts range in type and duration and provide base-escalated, fixed-price and market related pricing mechanisms. Along with the market-related contract in place with China National Nuclear Corporation (CNNC,) Paladin will retain significant upside exposure to the strengthening uranium market fundamentals. The company is continuing to engage with top-tier industry counterparties, via the request for proposal processes and off market discussions. The company’s marketing continues to progress commercial negotiations with conversion facilities and shipping companies ahead of the company’s return to production,” said Purday.

He said during the first quarter of this year critical plant […]

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