• Langer Heinrich Mine ramp-up completed successfully
• Achieved or exceeded FY2026 guidance on production, sales, and cost of production
• New high-grade uranium discovery at PLS Project
• Canadian Nuclear Safety Commission granted sufficiency status for PLS Project
• Cash and investments of US$265M at quarter end

Paladin Energy Ltd's Q4 FY2026 Quarterly Report highlights the successful completion of the Langer Heinrich Mine (LHM) ramp-up, achieving or exceeding FY2026 guidance on production, sales, and cost of production. LHM produced 1.23Mlb U3O8 in Q4 FY2026 and 4.82Mlb U3O8 for FY2026, with sales totaling 4.35Mlb U3O8. The Canadian Nuclear Safety Commission granted sufficiency status for the Patterson Lake South (PLS) Project, a critical step in the permitting process. A new high-grade uranium discovery, Atlas, was identified 3.5km south of the PLS Project's Triple R deposit. Cash and investments stood at US$265M at quarter end.

FY2026 U3O8 Production: 4.5 - 4.8 Mlb; FY2026 U3O8 Sales: 3.8 - 4.2 Mlb; FY2026 Cost of Production: 44 - 48 $/lb

Paladin Energy Ltd anticipates continued progress in the PLS Project permitting process and further exploration activities to enhance the development potential at the PLS Project.