Paladin Energy Ltd: Quarterly Report for the period ending 30 June 2026

PERTH, Australia, July 21, 2026 (GLOBE NEWSWIRE) -- Quarterly Report For the period ending 30 June 2026 Key Metrics Summary Highlights Langer Heinrich Mine ( LHM ) ramp-up successfully completed, delivering strong operational performance, achieving or exceeding FY2026 guidance on production, sales and cost of production Production of 1.23Mlb U₃O₈ in the quarter and 4.82Mlb U 3 O 8 for FY2026 Sales volumes of 1.35Mlb U₃O₈ at an average realised price of US$70.6/lb U₃O₈ for the quarter with FY2026 sales totalling 4.35Mlb U₃O₈ Patterson Lake South ( PLS ) Project advanced towards development following the Canadian Nuclear Safety Commission ( CNSC ) determination that the Construction Licence application was sufficient to proceed through the regulatory review process Subsequent to the quarter end, Paladin signed an Administrative Protocol with the CNSC targeting completion of hearings for the Construction Licence application at the end of calendar year 2027 Execution of a binding term sheet with the Birch Narrows Dene Nation in relation to the Mutual Benefits Agreement for the PLS Project A new high-grade body of uranium mineralisation, the Atlas discovery, was identified 3.5km south of the PLS Project’s Triple R deposit and 4.5km southwest of Saloon East during the winter drilling program 7 Cash and investments of US$265M and an undrawn US$70M Revolving Credit Facility at quarter end Total Recordable Injury Frequency of 3.2 per million hours worked on a 12-month basis “We were very pleased to successfully complete the ramp-up of the Langer Heinrich Mine in line with our commitment to deliver this goal by the end of FY2026, while also meeting the upper-end of our revised production guidance. “Importantly for Paladin’s long-term future growth, we received formal acknowledgement from the Canadian Nuclear Safety