Malawi : Paladin Energy finalise la cession de son projet d’uranium Kayelekera

First announced in December 2019, the sale by Australian Paladin Energy of its Kayelekera uranium project in Malawi to its compatriot Lotus Resources has now been completed. A transaction that Paladin CEO Ian Purdy sees as « a positive step forward, which will bring significant financial benefits to the company », in a press release published on Friday 13 March. As a reminder, Lotus has agreed to pay AUD$5 million (US$3.1 million) to acquire a 65% interest in the project. Paladin will nonetheless retain a 3.5% royalty on revenues generated by the mine.