Northwire Canada EditionThursday, October 15, 2026
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Drill Results Routine +

New High-Grade Uranium Discovery Identified at PLS Project

Paladin’s Athabasca drill success and LHM ramp-up deliver cost beats despite regulatory headwinds.

By The Northwire Desk — AI Analysis Jun 24, 2026 · 21:02 PDN · 9.42 Paladin Energy Ltd.
Executive Summary
  • Paladin Energy Ltd completed its 2026 winter drilling program at the Patterson Lake South (PLS) project in Saskatchewan, identifying a new high-grade uranium mineralization body named "Atlas."
  • The discovery is located 3.5km south of the Triple R deposit and 4.5km southwest of Saloon East.
  • Seven of eight drillholes intersected significant uranium mineralization across 2,408m of drilling. The deposit remains open along strike and at depth.
  • Key winter 2026 intercepts include 8.0m @ 1.75% U3O8 (including 3.0m @ 4.25% U3O8) and 14.5m @ 1.70% U3O8 (including 5.5m @ 2.86% U3O8).
  • Summer drilling will continue on land-based targets at Atlas and other priority areas. Triple R resource conversion and Saloon East extension drilling are also underway.
Material Impact
  • The Atlas discovery is a positive exploration result that reinforces the geological continuity of the Saloon Trend and adds to the PLS resource base.
  • However, the discovery is in early stages (7 holes, 2.4km drilled) and does not immediately alter the life-of-mine production profile, Feasibility Study economics, or the targeted 2031 first production date.
  • The news is Routine - Positive. It validates the exploration strategy but does not override the near-term regulatory overhang from the Metis Nation judicial review, which has already pressured the stock.
PDN · Price
Company Overview
  • Paladin Energy Ltd is a dual-listed (ASX/TSX) uranium producer and developer.
  • Langer Heinrich Mine (Namibia): 75% owned. Currently in ramp-up phase, targeting full operations by FY2027. History of 49 Mlb U3O8 produced since 2007.
  • Patterson Lake South (Canada): 100% owned. Advanced development stage. Feasibility study complete, targeting first production in 2031.
  • Exploration Portfolio: Multiple projects in Canada (Michelin, Manyingee, etc.) and Australia (subject to state mining bans).
Read the original news release →

More from Paladin Energy Ltd.

Oct 13, 2026 · 19:16

Paladin reported Q1 output down 19% and costs of $61.6/lb, shifting its FY27 guidance to a second-half production hockey stick.

Earnings Aug 30, 2026 · 19:34

Paladin secures a third Indigenous MBA for the PLS project while reporting cost creep and a net loss in its FY26 earnings.

M&A / Property Aug 25, 2026 · 19:55

Paladin’s LHM ramp-up turns profitable, though legal risks and cost creep persist at the project.

Earnings Aug 19, 2026 · 22:05

Paladin’s JORC re-report confirms LHM ramp-up and PLS permitting as key drivers for the project’s development thesis.

Resource Estimate Jul 21, 2026 · 21:30

Paladin completes ramp-up at its PLS project, though fourth-quarter cost increases are pressuring operational margins.

Earnings Jul 21, 2026 · 20:55

Langer Heinrich Mine FY2027 Guidance

Production / Operations