Paladin Energy — uranium producer operating the Langer Heinrich Mine in Namibia, ramping up production toward 4.8 million pounds of yellowcake annually by 2027.
“The Langer Heinrich mine is owned by Australia's Paladin Energy, the Husab mine is owned by China General Nuclear Power and operated by Swakop Uranium, and the Rössing mine is majority-owned by China National Uranium Corporation.”
Paladin Energysold1.4m kilograms of uranium oxide, generating about N$3.5 billion in revenue
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“PALADIN Energy sold 1.4m kilograms of uranium oxide during the first nine months of the 2025/26 financial year, generating about N$3.5 billion in revenue.”
Paladin Energysays is positioned tocapitalise on uranium supply shortage via Langer Heinrich
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“Paladin Energy says rising global demand for nuclear energy and a growing uranium supply shortage are creating opportunities for the company to strengthen value from its uranium assets, including the Langer Heinrich Mine in the Erongo region.”
“Rössing Uranium is one of three major uranium mines operating in Namibia, alongside the Langer Heinrich Mine, operated by Paladin Energy, and the Chinese-owned Husab Mine.”
“The company yesterday released their December 2025 half-year financial review, which showed sales of N$2.2 billion of yellowcake from their Namibian operations.”
Namibia exported over six million pounds of uranium oxide concentrate in the first quarter of 2026, the best start to a year in the country's recorded history, driven by rising global uranium prices now above US$80/lb. With three operating mines in the Erongo region and new projects in development, uranium is filling the gap left by the collapsing diamond sector.
Why it matters
Record uranium exports in Q1 2026 signal economic resilience and the mineral sector's pivotal role in filling the gap from diamond sector decline.
Namibia exported over six million pounds of uranium oxide concentrate in the first quarter of 2026, the best start to a year in the country's recorded history, driven by rising global uranium prices now above US$80/lb. With three operating mines in the Erongo region and new projects in development, uranium is filling the gap left by the collapsing diamond sector.
Namibia ranked third globally in uranium production in 2024 with 12.18% of world output. Uranium ore and concentrates generated N$28.1 billion in exports in 2025, representing 31% of total export revenue, supported by rising global uranium prices that reached US$85.90/lb.
The Namibia Securities Exchange recorded trading activity worth N$52.4 million during the week of 11 to 15 May 2026, with 868,151 shares traded across 69 deals. The financial sector led with N$36.7 million in turnover, while major stocks showed mixed performance, with Paladin Energy declining 14.3% to N$127.18.
Paladin Energy sold 1.4 million kilograms of uranium oxide during the first nine months of the 2025/26 financial year, generating about N$3.5 billion in revenue at an average realised price of N$1 174.73 per pound. The company has now shifted into high-volume production following commissioning of a full mining fleet and extraction of 17 million metric tonnes of material.
Paladin Energy says rising global nuclear energy demand and a uranium supply shortage are creating opportunities for the company to strengthen value from its uranium assets, including the Langer Heinrich Mine in Namibia's Erongo region. The company is focused on increasing production while maintaining financial flexibility and benefiting from long-term uranium supply contracts.
Paladin Energy has increased its expected uranium production from Namibia's Langer Heinrich Mine to 4.8 million pounds of yellowcake in the 2026 financial year, up from an original forecast of 4.4 million pounds, citing improved feed grade and high processing plant recovery rates.
Paragon Investment and businessman Knowledge Katti have separately expressed interest in acquiring a 10.2% equity stake in Rössing Uranium Limited currently held by South Africa's Industrial Development Corporation. Katti has called for the stake to be sold exclusively to a 100% Namibian entity, arguing that greater local private sector participation in strategic mineral assets is key to national economic sovereignty.
Paladin Energy ended 2025 in a strong financial position with N$2.2 billion in yellowcake sales from Namibian operations and increased cash and investments by 213% in the second half, supporting its plan to complete ramp-up activities at the Langer Heinrich uranium mine by 2027.
Bannerman Energy has signed a strategic financing agreement with China National Nuclear Corporation (CNNC) subsidiary CNNC Overseas Limited, which will invest up to N$5 billion in the Etango uranium project and receive a 43% stake and rights to 60% of production. The investment is targeted for completion by mid-2026.
The Industrial Development Corporation of South Africa has opened a public disposal process to sell its 10.2% equity stake in Rössing Uranium Limited, a founding shareholder that has reached the end of its investment horizon. Interested parties are invited to submit bids with company background information, financial capacity, and strategic rationale for the transaction.
Langer Heinrich Mine mined 5.53 million tonnes in Q4 2025 and produced 1.23 million pounds of uranium concentrate, representing a 16% increase from the previous quarter. The mine is expected to reach full production by 2027, with the remaining mining fleet arriving at Walvis Bay Port for delivery by end of January 2026.
Namibia is one of the world's top three uranium producers and stands to benefit from rising global demand for nuclear power as countries pursue clean-energy goals. The country's three active uranium projects—Rössing, Husab, and the recently restarted Langer Heinrich—plus exploration activities could significantly increase output and government revenues over the next decade, though the water-intensive industry faces challenges from drought and market volatility.