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Paladin’s CEO discusses the sale of Kayelekera and prioritising Langer Heinrich’s restart

Paladin Energy Ltd (ASX: PDN) chief executive officer Scott Sullivan updates Proactive Investors on the sale of its 85% interest in the Kayelekera uranium mine in Malawi to Hylea Metals Ltd (ASX:HCO) subsidiary Lotus Resources Limited.

Sullivan says it was a very well-considered sale with the company’s primary focus being its tier one and flagship asset Langer Heinrich in Namibia.

The sale of Kayelekera frees up cash for the company to further invest in Langer Heinrich.

“We’ve got a lot of work underway,” he says.

Quick facts: Paladin Energy Ltd

Price: 0.0905 AUD

ASX:PDN
Market: ASX
Market Cap: $183.52 m
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