EXCLUSIVE TO SIGHTLINE U3O8 – In 2011, after suffering nearly three years of declining U3O8 prices, uranium companies were energized at what appeared to be a rapid return in the spot price as it leapt nearly 50% to close the month of February at US$70.00. Two weeks later, the excitement came to an abrupt halt …
Highlights: Paladin announces an off-market takeover offer for the shares in Summit it does not presently own Consideration of one (1) new Paladin share for every one (1) Summit share held Paladin currently holds 82.08% of the ordinary shares in Summit If successful, Offer would result in approximately 39.1M new Paladin shares being issued to …
Paladin Energy has confirmed that the Langer Heinrich uranium mine (LHM) in Namibia will be placed on care and maintenance. The company announced last month that it may take this move at Langer Heinrich in response to challenging market conditions, including low uranium prices. It has since received the consent of key stakeholders to make the care …
