A Namibian uranium mine, Langer Heinrich Mine (LHM), produced 1.3mn pounds (Mlb) of uranium oxide (U3O8) and sold 1.1Mlb, generating $77.2mn in the six months to December 2024.

The asset, 75% owned by TSX- and ASX-listed Paladin Energy (Paladin), resumed operations in March 2024.

Paladin said in its financials for the first half of its 2025 trading year on February 26 that LHM remains on track to meet its production guidance of 3 - 3.6 Mlb U3O8 in its 2025 financial year.

“The past six months have been a period of remarkable achievement at Paladin that will transform the company into one of the world’s largest independent uranium producers and position us as a multi-decade supplier to the global nuclear industry," commented Paladin CEO, Ian Purdy.

The Perth-headquartered firm also owns a portfolio of uranium exploration and development assets in Canada and Australia.

Originally listed on ASX, Paladin bought a Canadian firm, Fission Uranium Corp (Fission) in December 2024 resulting in its listing on TSX as well.

“It is our acquisition of Fission that is likely to prove transformational for Paladin in the years ahead, with this asset building out our strategic growth pipeline for the next decade through its ability to bring the high-grade Patterson Lake South project to the market. We are delighted to have completed the Fission acquisition and listed on the TSX," Purdy noted.