• Cash and investments of US$219.5M and an undrawn US$70M Revolving Credit Facility at quarter end
• Production of 1.29Mlb U3O8, up 5% from previous quarter
• Approval of Environmental Impact Statement (EIS) received for development of the PLS Project in Canada

Paladin Energy Ltd has reported its March 2026 quarter results, showcasing a solid operational and financial performance. The company had cash and investments of US$219.5M and an undrawn US$70M Revolving Credit Facility at the end of the quarter. Production increased by 5% from the previous quarter to 1.29Mlb U3O8, driven by strong processing plant performance at the Langer Heinrich Mine (LHM). Sales volumes were 1.03Mlb U3O8 at an average realised price of US$68.3/lb U3O8. The cost of production for the quarter was US$40.3/lb, benefiting from the utilisation of the remaining previously mined MG3 stockpile. The company also received approval of the Environmental Impact Statement (EIS) from the Government of Saskatchewan for the development of the shallow, high-grade Patterson Lake South (PLS) Project in Canada. Exploration at the PLS Project continued with a focus on further defining the highly prospective Saloon East trend. The company's Total Recordable Injury Frequency (TRIF) was 3.0 per million hours worked on a 12-month basis.

Paladin has increased its FY2026 production guidance for the Langer Heinrich Mine to 4.5 to 4.8Mlb U3O8, up from the previous guidance, as a result of strong performance in the first nine months of the financial year.

Paladin is well-positioned to capture the growing uranium supply deficit, with a multi-decade production and growth pipeline including the Langer Heinrich Mine and the Patterson Lake South Project. The company is benefiting from the increasing nuclear energy demand driven by global energy security and electrification, as well as the structural uranium supply-demand deficit due to under-investment.