Asset Manager

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Paladin Energy

Paladin Energy controls 75% of Namibia's Langer Heinrich uranium mine, an ASX-TSX listed producer with exploration assets in Canada's Athabasca Basin.

Paladin Energy

A global uranium producer with scale and growth Paladin Energy is a globally significant independent uranium producer with 75% ownership of the world-class Langer Heinrich Mine (LHM) located in Namibia. Paladin also owns a portfolio of uranium exploration and development assets in the premier mining jurisdictions of Canada and Australia. Paladin is listed on both...

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

Oceania

Country

Australia

City

Perth

Corporate office

Level 11, 197 St Georges Terrace, Perth WA 6000, Australia

Additional offices

Saskatoon, Canada

Sector focus

Energy Transition & Renewables

Frequently asked questions

Who operates the Langer Heinrich Mine and what is Paladin's exact ownership stake?

Paladin Energy holds a 75% ownership interest in the Langer Heinrich Mine in Namibia. The remaining stake is held by Namibian state-owned entities and a local empowerment partner. The mine is operated by Paladin's subsidiary, Langer Heinrich Uranium. The asset was originally acquired from Aztec Resources Ltd in 2002.

What is the current production capacity at Langer Heinrich and what is the expansion timeline?

Total production capacity at Langer Heinrich reached 5.2 million pounds per annum with the completion of the Stage 3 expansion. Paladin has guided that the operational ramp-up to reach that capacity will be completed by fiscal year 2027. The mine was placed back into production after being on care and maintenance from 2018 to 2020 due to sustained low uranium prices.

What is the significance of Paladin's Canadian asset base, particularly Patterson Lake South?

The Patterson Lake South project in Saskatchewan contains the high-grade Triple R deposit, with a preliminary economic plan based on producing roughly 9 million pounds per annum of U₃O₈. Paladin obtained 100% ownership of the project through the 2020 acquisition of Fission Uranium Corp. The land package spans over 26,000 hectares in and near the Athabasca Basin, alongside the Michelin deposit in Labrador, where historical exploration exceeds US$75 million.

How does Paladin's listing structure work, and what does dual listing on ASX and TSX imply?

Paladin has a primary listing on the Australian Securities Exchange and a secondary listing on the Toronto Stock Exchange, acquired after the Fission Uranium deal. Dual listing provides access to Canadian institutional capital pools and allows the market to price its Saskatchewan and Labrador exposure alongside Namibian production. The corporate structure is governed by Australian and Canadian securities rules, with headquarters in Perth and a Canadian outpost in Saskatoon.

What is Paladin's role in the nuclear fuel supply chain?

Paladin markets uranium concentrate from Langer Heinrich directly to major nuclear utilities in Europe, North America, and Asia. It does not enrich or fabricate fuel itself — it sits at the upstream mining and milling node of the nuclear supply chain. The company positions the asset as a contributor to baseload decarbonisation, tying its output to the growing global demand for low-carbon electricity.

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