Paladin Energy LtdP

Lifecycle Milestones

1. Permit granted

   Reached — date not disclosed · Langer Heinrich's original mining licence and environmental approvals predate readily-available public records from this pass's sources -- site works began Sep 2005 following a Bankable Feasibility Study completed Apr 2005, implying permits were in hand by then, but no single, clean, dated 'permit granted' announcement was found distinct from that general history. Row exists to satisfy the stage=PRODUCTION lifecycle-gate check (src/lib/lifecycle-gates.ts), which per Task #619's DML precedent applies cumulatively at CONSTRUCTION-or-later stages. · Source
2. Construction decision (FID)

   Jul 2022 · Paladin's board of directors approved the decision to return Langer Heinrich to production on 19 Jul 2022, targeting first restart volumes in Q1 calendar 2024 -- this is the restart-era construction decision (the mine's original 2005 construction decision, under Paladin's own earlier ownership, predates readily-available records the way PERMIT_GRANTED above does). Full-date precision, primary-company-announcement sourced. · Source
3. Construction start

   Reached — date not disclosed · Site works for Langer Heinrich's original construction began Sep 2005 (following the Apr 2005 Bankable Feasibility Study), under Paladin's own earlier ownership -- Paladin has held Langer Heinrich continuously since acquiring it in Aug 2002, so this is genuinely the same company's own construction history, not a predecessor-operator's. Month precision only. [Task #697 chronology ruling, 2026-08-25] achievedDate cleared (was 2005-09-01). Task #696 flagged CONSTRUCTION_DECISION (2022-07-19) as postdating both this row and FIRST_PRODUCTION. The cause was not a wrong date but a chain MIXING TWO BUILD ERAS of the same mine: CONSTRUCTION_DECISION and COMMERCIAL_PRODUCTION were both recorded from Langer Heinrich's 2022-2024 RESTART, while this row and FIRST_PRODUCTION were recorded from the original 2005-2007 construction. Both eras are real and both are Paladin's own (continuous ownership since Aug 2002), so neither row was wrong in isolation -- but the chain asserts an order, and half of it described a different build. Resolved by standardising on the RESTART era, which is the convention this record's own COMMERCIAL_PRODUCTION row already chose and stated ("the current, ongoing production era the rest of this record's FY2026 financial/production figures describe"), and which two of the four dated rows already followed. The restart's own construction -- plant repair, refurbishment and upgrade works following the 19 Jul 2022 FID, EPCM contracted to ADP -- ran through 2023 with no single announced commencement date, so it is recorded reached-but-undated rather than invented. ORIGINAL-ERA RESEARCH PRESERVED, not discarded: site works for the original build began Sep 2005 following the Apr 2005 Bankable Feasibility Study (month precision, en.wikipedia.org/wiki/Langer_Heinrich_mine). · Source
4. First pour / production

   Mar 2024 · Construction and staged commissioning of Langer Heinrich was completed 28 Dec 2006, distinct from the mine's official opening and first commercial shipment in Mar 2007 (see COMMERCIAL_PRODUCTION) -- consistent with the ConstructionMilestone enum's own distinction between first pour/first ore and producing at design rate. Full-date precision. [Task #697 chronology ruling, 2026-08-25] achievedDate CORRECTED from 2006-12-28 to 2024-03-30, and sourceUrl repointed. See the CONSTRUCTION_START row for the full reasoning: this record's chain mixed Langer Heinrich's original 2005-2007 build with its 2022-2024 restart, and has been standardised on the restart era per the convention this record's own COMMERCIAL_PRODUCTION row already stated. The restart's first production is well sourced and unambiguous: ore was first fed to the processing plant on 20 Jan 2024, and uranium concentrate production and drumming were achieved on 30 Mar 2024 (World Nuclear News, "Restarted Namibian mine transitions to commercial operation"; corroborated by the nucnet.org coverage already cited on the COMMERCIAL_PRODUCTION row, and by the subsequent 517,597 lb U3O8 produced to 30 Jun 2024 with first customer shipment departing Namibia 12 Jul 2024). This row now equals COMMERCIAL_PRODUCTION (also 2024-03-30) rather than preceding it, which is honest rather than sloppy: Paladin's own announcement conflated the two, presenting the 30 Mar drumming milestone as first commercial production, and no source identifies a separate later date on which sustained design-rate output was declared -- WNN explicitly describes what followed as "production ramp-up", not a dated commercial-production declaration. ORIGINAL-ERA RESEARCH PRESERVED, not discarded: the original build's staged commissioning completed 28 Dec 2006, with the mine's official opening and first commercial shipment in Mar 2007 (en.wikipedia.org/wiki/Langer_Heinrich_mine). · Source
5. Commercial production

   Mar 2024 · Langer Heinrich restarted commercial production and drumming on 30 Mar 2024, following the Jul 2022 board-approved restart (first ore introduced to the plant Jan 2024). This restart-era declaration is used as the record's COMMERCIAL_PRODUCTION date rather than the mine's original 2007 commercial start, since it is the current, ongoing production era the rest of this record's FY2026 financial/production figures describe. Full-date precision, corroborated by nucnet.org's coverage of Paladin's own announcement. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.