Content area
Abstract
The introduction of CNNC Overseas Uranium Holding Limited, a subsidiary of China National Nuclear Corporation, as Paladin's new 25% partner at Langer Heinrich is a significant development which I believe will have broad positive implications for Paladin's future.
Paladin's alignment with the leading nuclear organisation in China, is a carefully considered strategic move. China's impressive nuclear programme has a growing necessity for primary uranium supply as it continues its expansion programme, so there is obviously future potential and logic for further collaboration with Paladin in order to satisfy those needs.
Through our new partnership with CNNC and the offtake agreement with EdF, Paladin has formed long-term strategic partnerships with two of the world's most important nuclear organisations. We view this unique position as a strong endorsement of Paladin's corporate strategy, asset base and technical expertise. It gives rise to the potential for a range of strategic initiatives and alternatives which can add meaningful value for Paladin shareholders.