NBSX: PDN - PALADIN SUCCESSFULLY COMPLETES A$525 MILLION FULLY UNDERWRITTEN EQUITY RAISING
===================== PALADIN SUCCESSFULLY COMPLETES A$525 MILLION FULLY UNDERWRITTEN EQUITY RAISING
PALADIN ENERGY LTD ACN 061 681 098 Paladin Energy Limited (‘Paladin’) Registration No. ACN 061 681 098 Registered as an external company in Namibia ISIN Code: AU000000PDN8 NSX Share Code: PDN
PALADIN SUCCESSFULLY COMPLETES A$525 MILLION FULLY UNDERWRITTEN EQUITY RAISING
Paladin Energy Ltd (ASX:PDN, TSX:PDN) (Paladin or the Company) announces the successful
completion of its fully underwritten A$525 million equity raising, comprising (i) an A$499 million ASX
institutional placement of new Paladin fully paid ordinary shares (Shares) (ASX Placement), and
(ii) a Canadian “bought deal” private placement to raise C$25 million (~A$26 million) pursuant to
the Listed Issuer Financing Exemption (as defined herein) (TSX Bought Deal)(together, the
Offer).1
As announced on 12 November 2026, Paladin also intends to invite Eligible Shareholders (as
defined herein) to participate in a non-underwritten Share Purchase Plan to acquire Shares at the
same price as the ASX Placement to raise up to a further A$50 million (before costs) (SPP). Highlights
• Successful bookbuild for a fully underwritten equity raising to raise A$525 million (before
costs), comprising:
o A fully underwritten ASX Placement of approximately 64.0 million new Shares priced
at A$7.80 per Share to raise ~A$499 million (before costs); and
o A fully underwritten TSX Bought Deal of approximately 3.3 million new Shares priced
at C$7.62 per Share to raise ~A$26 million (C$25 million) (before costs)
• The Offer received strong demand from new and existing investors, which resulted in an
increase in the ASX Placement component of the Offer
• Opportunity for Eligible Shareholders with registered addresses in Australia or New Zealand
to participate via a non-underwritten SPP to raise up to a further A$50 million (before costs)
• The equity raising positions Paladin for its next phase of growth, funding the ongoing
development of the Patterson Lake South Project (PLS Project), potential resource growth
and mine life extension at Triple R, and advancing exploration opportunities across the
broader Athabasca Basin region portfolio.
Paladin MD and CEO Paul Hemburrow said:
“We are pleased with the support received from high-quality existing and new institutional
investors for the equity raising. This capital allows us to maintain the strong momentum we have
generated at the PLS Project as it advances towards targeted first production in 2031 and
accelerate exploration and growth across Paladin’s broader Athabasca Basin region tenure
package.”
This announcement can be viewed at the following link: https://www.paladinenergy.com/wp-content/uploads/2026/11/61354943.pdf
By order of the Board of Directors
Andrew Bickley Manager, Company Secretariat
13 November 2026
Registered Office Erf 3981B Extension 10 New Industrial Area Swakopmund Namibia
Sponsor IJG Securities (Pty) Ltd Member of the NSX 4th Floor, 1@Steps, C/O Grove and Chasie Street, Klein Kuppe P O Box 186, Windhoek, Namibia Registration No. 95/505 Date: 13/11/2026 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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