Northwire Canada EditionWednesday, August 26, 2026
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GOLD 4694.50 −0.1% SILVER 68.68 +0.1% COPPER 6.71 +1.6% OIL 82.36 −3.1% PALLADIUM 1336.50 −2.0% ODV 4.39 +1.6% PGLD 1.17 +0.9% FDY 5.92 −1.0% FMAN 0.385 −4.9% BGAU 1.82 +5.8% LTH 0.655 +5.7% NVX 0.580 −3.3% MNRG 0.095 +0.0% AG 29.35 +1.6% CTV 0.140 +16.7% OTMC 0.600 +34.8% OPW 0.130 +4.0% HI 0.165 +10.0% VCU 1.33 +1.5% DLTA 0.175 −5.4% EMO 0.400 −1.2% GOLD 4694.50 −0.1% SILVER 68.68 +0.1% COPPER 6.71 +1.6% OIL 82.36 −3.1% PALLADIUM 1336.50 −2.0% ODV 4.39 +1.6% PGLD 1.17 +0.9% FDY 5.92 −1.0% FMAN 0.385 −4.9% BGAU 1.82 +5.8% LTH 0.655 +5.7% NVX 0.580 −3.3% MNRG 0.095 +0.0% AG 29.35 +1.6% CTV 0.140 +16.7% OTMC 0.600 +34.8% OPW 0.130 +4.0% HI 0.165 +10.0% VCU 1.33 +1.5% DLTA 0.175 −5.4% EMO 0.400 −1.2%
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 →

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Production / Operations May 12, 2026 · 20:06

Paladin Confirms LHM Ramp-Up While PLS Legal Overhang Persists

Earnings Apr 21, 2026 · 19:41

Paladin Energy LHM Ramp-Up Offsets PLS Legal Overhang

Earnings