Paladin Energy Ltd [ASX:PDN] is seeking $215 million to restart its Langer Heinrich uranium mine in Namibia.
The Paladin Energy [ASX:PDN] share price are rising following fruitful developments in several of the uranium miner’s current projects.
I’ll wait to see how things are looking at the end of this month. If we get a monthly sell pivot confirmed in the ASX 200 (a closing price below 7,415 at the end of September), I may take some more money off the table.
ASX announcements are numerous and daily. Let’s catch up on five ASX news items you may have missed. Now if you want to read more information on ASX stocks updates, check out this blog...
Chinese demand for uranium is set to explode. Current demand stands 64,000 tonnes globally, and China’s demand is set to rise to 88,000–100,000 tonnes by 2025.