13/07/2012 - 15:10

Paladin advances JV, asset sale discussions

13/07/2012 - 15:10

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Paladin advances JV, asset sale discussions

Paladin Energy says it is reviewing three seperate proposals for joint venture or asset sale agreements, after reporting a high level of interest in the company by outside participants in the uranium sector.

The Perth-based uranium miner originally announced in May it was considering joint venture agreements and “strategic options” offered to it by other participants in the nuclear power sector.

Today Paladin said the interest from the parties, which it did not name, confirmed global demand for high quality uranium assets.

"Due to the continued cancellation and postponement of new projects and brownfield expansions within the uranium sector, parties are increadingly interested in securing a partnership with a company that offers proven technical capabilities and low development risk," Paladin said in a statement.

“Discussions and analysis are well advanced and results are expected in the August-to-October period, once the company has completed its assessments."

Paladin shares finished trade up 3.45 per cent, at $1.20.

 

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