Paladin Energy (ASX:PDN) has lodged an Appendix 3B disclosing a proposed placement of up to 60,744,515 ordinary fully paid shares and a Securities Purchase Plan targeting up to $50 million, with the SPP priced at AUD $7.80 per share.

Key Points

  • Placement of up to 60,744,515 ordinary fully paid shares proposed, with an issue date of 19 November 2026
  • Securities Purchase Plan of up to 6,410,256 ordinary fully paid shares at AUD $7.80 per share, targeting up to $50 million
  • SPP record date was 11 November 2026, with offer documents available and offer open from 23 November 2026
  • SPP closes 7 December 2026, with an issue date of 14 December 2026
  • Additional proceeds raised under the SPP are to be applied to further PLS Project development spend

Placement Terms and Proposed Issue Date

According to the filing dated 12 November 2026, Paladin Energy has proposed to issue up to 60,744,515 ordinary fully paid shares via a placement or other type of issue, with a proposed issue date of 19 November 2026. The filing does not disclose the placement price or the total amount to be raised through the placement component. No external approvals are required for the placement to proceed, as disclosed in the filing.

Securities Purchase Plan Structure and Timetable

The Securities Purchase Plan is priced at AUD $7.80 per ordinary fully paid share. Eligible shareholders whose registered address is in Australia or New Zealand as at the record date of 11 November 2026 may participate. Individual holders may apply for a minimum of $1,000 and a maximum of $30,000, with available parcels of $1,000, $2,500, $5,000, $7,500, $10,000, $15,000, $20,000, $25,000 or $30,000. Offer documents will be made available to investors on 23 November 2026, with the offer closing on 7 December 2026 and the issue date scheduled for 14 December 2026.

Scale Back Arrangements and Use of Proceeds

The filing states that Paladin is targeting to raise up to $50 million under the SPP and may, in its absolute discretion, scale back applications above that amount, or such other cap as Paladin applies at its discretion. The maximum number of shares to be issued under the SPP — disclosed as 6,410,256 — is based on the assumption that the SPP raises a total of $50 million. Any additional proceeds raised under the SPP are to be applied to further PLS Project development spend, according to the filing. The offer is not subject to minimum or maximum subscription conditions.