Paladin plus China


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PALADIN Energy has signed an agreement with China Guangdong Nuclear Power to explore uranium sales deals.

The uranium miner said the memorandum of understanding will also include a possible expansion of joint venture relationships between Paladin and Energy Metals, of which CGNPC holds a 69 per cent stake, without providing more details.

Energy Metals has a 54 per cent stake in the Bigrlyi uranium prospect in Australia’s Northern Territory. Paladin owns 41 per cent of the prospect.

The statement also said the Chinese group could participate in Paladin’s growth strategies.

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