Energy Fuels reported that U.S. uranium production and sales have exceeded guidance

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Paladin boosts community investment Chamwe Kaira Paladin Energy has reinforced its commitment to sustainability in Namibia by investing in communities in the Erongo Region while increasing uranium production at its Langer Heinrich Mine, the company said in its 2024 sustainability report. Paladin holds a 75% controlling interest in Langer Heinrich Uranium, with 25% owned by China National Nuclear Corporation Overseas Uranium Holding Limited.  The company said its operations in Namibia contribute to global efforts to move away from fossil fuels, with uranium playing a key role in supplying low-carbon power to developed countries. With the mine back in production, Paladin has rolled out a structured community investment programme in Swakopmund and nearby areas. Funding has supported education, training, health, and employment initiatives in line with Namibia’s development goals. Recent contributions include a new breast cancer clinic at Swakopmund State Hospital in partnership with the ministry of Health, an ambulance and equipment for the Erongo Region, and computers for community organisations and the local police. Paladin also partnered with Cricket Namibia to set up the Mondesa Cricket Hub at Hanganeni Primary School. Mining activities have created more jobs for Namibians, with local contractors taking on new work. On the environmental front, Paladin reported no serious radiation or environmental incidents for the year ending 30 June 2025.  The International Atomic Energy Agency (IAEA) confirmed full compliance with nuclear safeguard requirements at the mine. Safety performance also improved. Paladin recorded a total recordable injury frequency rate of 2.7 per million hours worked, better than its 2025 target and down from 3.8 the previous year. The report highlighted the company’s climate risk and resilience programme, which includes scenario planning and preparation for new sustainability reporting standards due in 2026. Paladin said its long-term goal in Namibia is to grow uranium production while delivering lasting social and economic value to local communities. Caption Employment opportunities at Langer Heinrich have grown significantly.  * Photo: Paladin Energy 

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Namibia bids to join Nuclear Suppliers Group as world’s third-largest uranium producer Namibia has endorsed its bid to join the Nuclear Suppliers Group (NSG), the international body that sets rules for the export of nuclear technology and materials to prevent their use in weapons. The Ministry of International Relations and Trade will spearhead the application process and establish an inter-ministerial committee to

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Namibia bids to join Nuclear Suppliers Group as world’s third-largest uranium producer - Business Insider Africa Namibia bids to join Nuclear Suppliers Group as world’s third-largest uranium producer  Business Insider Africa

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Langer Heinrich hits high production output Chamwe Kaira The Langer Heinrich Mine (LHM) processed more than 900 000 tonnes of ore during the March 2025 quarter. This marked the highest throughput since the mine restarted operations. The plant achieved an average recovery rate of 88%, which is within the company’s target. Paladin Energy, the mine’s operator, said it produced 745,484 pounds of uranium oxide in the March quarter. This was a 17% increase from the previous quarter and the highest quarterly output since the restart. Total uranium oxide production for the nine months ending 31 March stood at two million pounds. During the March quarter, the company sold 872,435 pounds of uranium oxide, and it sold a total of two million pounds over the nine-month period. Paladin earned an average price of US$69.9 per pound. The cost of production was US$40.6 per pound during the March quarter. Paladin recorded revenue of US$61 million from the sale of uranium oxide for the quarter. The cost of sales was US$63.6 million. As of March 31, 2025, the company held US$117.3 million in cash and cash equivalents, excluding restricted cash worth US$4.4 million. It also had US$10.5 million in short-term investments. Initial mining activities at LHM began during the quarter. The company mobilised equipment, completed its first blast, and fed mined ore to the processing plant after the end of the quarter. Paladin reversed a previously recognised impairment in 2016. This related to a 6.3 million tonne ore stockpile valued at US$92.1 million. The reversal was due to improved uranium prices, progress at the LHM restart project, and key contract negotiations. “As of March 31, 2025, the group had conducted a review of its inventory items. The assessment considered several factors, including the production to date, the carrying value of the current inventory, the grade performance of the ore stockpile compared to expected performance, the accessibility of part of the stockpile, and the delivery into sales contracts along with the expected contract prices for uranium oxide,” the company said. Following the review, Paladin recorded a US$19.9 million impairment charge. This was due to a decline in the net realisable value of the ore stockpile and finished goods. “Management will continue to monitor price movements, production forecasts, and inventory turnover, and it will reassess inventory valuations as required in subsequent periods,” the company said.

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Paladin achieves highest quarterly production since restart of Langer Heinrich mine Western Australia-based uranium producer Paladin Energy has produced 745 484 lb of yellowcake, or triuranium octoxide (U3O8), in the quarter ended March 31, despite weather disruptions at its Langer Heinrich mine, in Namibia. The quarter’s production increased by 17% compared with the prior quarter after Paladin undertook a planned shutdown

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Floods Disrupt Paladin’s Uranium Targets for 2025 CHAMWE KAIRA  Paladin Energy expects production at its Langer Heinrich mine to improve in the second half of 2025 through blending ore from open-pit mines. However, floods in the Erongo Region have delayed the start of mining and damaged parts of the site. As a result, the company no longer expects to reach its target of six million pounds of uranium production by the end of 2025. “The acceleration of mining was a key initiative in offsetting the underperformance of stockpile ore and achieving nameplate production. The LHM team continues to drive operational improvements and progress in mining. Improved water supply outcomes and strong levels of plant recoveries have provided a platform for improving plant production.” The company said despite the delays and disruptions, the preferred mining contractor, Trollope Mining, has commenced mining equipment mobilisation and the recruitment and training of operators.  All mining permits are in place and the blasting contractor has completed mobilisation, it added. Paladin announced that unseasonal heavy rainfall has occurred in Namibia, with the Langer Heinrich experiencing a one-in-fifty-year rainfall event.  This impacted the company’s plans to accelerate the commencement of mining and resulted in short-term disruptions to operations.  These included the transport of people to the site, restricted feed for the crushers due to the saturation of stockpiled ore, and excess surface water restricting safe access to the processing plant, the company announced.  It said whilst there appears to be no significant damage to the processing plant and the workers are safe, there was damage to the access roads and minor civil infrastructure on the LHM site and to the haul roads to the mine.  “Access to the mine has now been re-established, and processing plant operations have resumed. Paladin expects the processing plant to return to normal operation as the in-circuit inventory and chemistry stabilise and stockpiled ore saturation levels decrease,” the company said. The company was advancing the early commencement of mining to access higher-grade ore. The rain across Namibia has delayed the mobilisation of key mining equipment and personnel to site and has resulted in water ingress into the open mining pits.  “Whilst onsite pumping infrastructure is adequate to de-water the pits, access to the pits to commence mining is likely to be delayed. The disruption to early commencement of mining, together with the short-term impact of the suspension of operations and the difficulties associated with processing saturated stockpiled ore, has resulted in Paladin withdrawing production guidance for the 2025 financial year,” the company said.

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CNBC Business showcased Cameco’s Cigar Lake Mine in Northern Saskatchewan today.

I remember this mine when it was in development 18 years ago. There was a serious flooding incident that delayed the opening. youtu.be/6H78NMLGEZM?...