22
Oct
Chamwe Kaira Paladin Energy Ltd has raised A$100 million (N$1.12 billion) through its oversubscribed share purchase plan to support the ramp-up of the Langer Heinrich Mine to full operations by the 2027 financial year. The company will also use the funds for working capital and future exploration. The uranium producer said it received overwhelming support from retail investors. The company had aimed to raise up to A$20 million under the non-underwritten offer priced at A$7.25 per share, but applications exceeded A$138 million. Paladin used its discretion to accept A$100 million in subscriptions. The share purchase plan followed Paladin’s A$300 million…
