• Paladin Energy receives Ministerial approval for Environmental Impact Statement (EIS) for Patterson Lake South (PLS) Project
• EIS approval is an important regulatory milestone for the PLS Project and a prerequisite for permits and licenses
• Project supports Saskatchewan's role as an energy supplier and aligns with the province's Growth Plan

Paladin Energy Ltd has announced that it has received Ministerial approval for the Company's Environmental Impact Statement (EIS) under The Environmental Assessment Act (Saskatchewan) for the development of its Patterson Lake South (PLS) Project, located in the Athabasca Basin, Canada. The Saskatchewan Minister of Environment has formally approved the Company's EIS for the shallow, high grade PLS Project. The approval follows technical acceptance of the document in June 2025 and an extensive public review period from July to September this year. The Environmental Assessment approval is an important regulatory milestone for the PLS Project and a prerequisite for permits and licences issued by provincial and federal authorities leading to construction and operation. Paladin continues to work closely with the Canadian Nuclear Safety Commission (CNSC) to progress the PLS Project within its licensing process at the federal level. The Saskatchewan Premier and Minister of Environment have both welcomed the progress of the PLS Project, stating that it supports the province's Growth Plan and Saskatchewan's role as an energy supplier. Paladin's Managing Director and CEO, Paul Hemburrow, expressed the company's delight that the Saskatchewan Government and its environmental regulatory agency have formally recognized that Paladin's approach to delivering a sustainable and safe development at the PLS Project is both environmentally and socially appropriate and achievable.