Paladin shares lift following environmental approval for Patterson Lake South Project
Make us a preferred source
Make us a preferred source on Google
More news: Paladin Energy share rose in afternoon trade after the uranium producer announced it had secured approval for its environmental impact assessment of its proposed Patterson Lake South project from the Saskatchewan Minister of Environment Darlene Rowden.
At 1:06pm AEDT, shares in Paladin Energy had lifted 3.9% to $13.74 and were up 75.3% over the last year.
Technical acceptance of the document was received in June 2025 and a public review period was held from from July to September. Ministerial approval is a prerequisite for permits and licences from relevant Canadian authorities to begin construction and operation.
Paladin said it is still working closely with the Canadian Nuclear Safety Commission to progress the licencing process.
What they said: “We welcome the continuing focus by Paladin in progressing the development of the [Patterson Lake South] project in a sustainable and safe way to benefit the people and communities of Saskatchewan,” Saskatchewan Premier Scott Moe said.
Paladin Energy enters trading halt prior to Patterson Lake South project announcement
The news: Uranium producer has entered a trading halt before it makes an announcement relating to its Patterson Lake South Project in the Athabasca Basin, Canada.
The context: The trading halt will remain in place until the announcement is made or until market open on 24 February.
The Patterson Lake South Project is a proposed uranium mine and mill site. In September, Paladin raised $300 million to help advance the project towards a final investment decision.
The uranium producer previously told the market it is targeting first production from the project in 2031.
