Latest news with #Paladin
Business Wire
a day ago
- Business
- Business Wire
SER Bolsters Commitment to Sustainability with Strategic Acquisitions in E-Waste Recycling and ITAD; Appoints Brian Diesselhorst as CEO of Paladin EnviroTech
REDWOOD CITY, Calif. & NEW YORK--(BUSINESS WIRE)-- SER Capital Partners (SER), a private investment firm dedicated to sustainability, today announced its expansion into the critical, rapidly growing electronic waste recycling and IT Asset Disposition market through the creation of Paladin EnviroTech (Paladin). This move underscores SER's unwavering commitment to environmental stewardship and the circular economy. Concurrently, SER is pleased to announce the appointment of Brian Diesselhorst as the Chief Executive Officer of Paladin. The growing digitization of society has led to a significant increase in electronic waste (e-waste), posing an environmental challenge due to hazardous materials entering landfills. SER's entry into this sector aims to accelerate responsible recycling practices, recover precious metals, and ensure data security through IT Asset Disposition (ITAD) services. Immediately upon its formation, Paladin completed its first two acquisitions of regional e-waste recycling businesses: TechSmart International (TSI): An e-waste recycling business in Florida. This investment provides a strong operational foundation for Paladin. It also provides a toehold for the business in the U.S. Southeast. Integrated Recycling Technologies (IRT): One of the Midwest's largest recycling businesses with a focus in ITAD. With the acquisition of this Minnesota based company, Paladin can immediately operate on a broader scale. 'Our mission at SER is to identify and support businesses that drive meaningful environmental impact while delivering strong financial returns,' said Rahul Advani, CEO and Managing Partner at SER Capital Partners. 'The e-waste recycling and ITAD sector aligns perfectly with our investment framework. We are also thrilled to welcome Brian Diesselhorst, whose visionary leadership and strong track record in this space will be instrumental in executing on our strategy.' A 20+ year veteran in electronics recycling, Brian has operated and grown businesses across the globe. Prior to joining Paladin, Brian developed PedalPoint evTerra Recycling for MCC Non-Ferrous Trading, which was then sold to Korea Zinc. He served first as its Chief Commercial Officer and later as its CEO. Mr. Diesselhorst added that 'it's a very exciting time to be in the IT recycling and asset management space. SER has provided the resources to not only hire the best in the industry, but also acquire healthy and profitable companies that will provide Paladin with a global footprint.' In addition, SER is partnering with South Korea's leading middle-market e-waste recycling company, Daeheung M&T. Daeheung will provide Paladin with its technical expertise and global supply chain connections built through 30+ years in the industry. Daeheung is also making a minority investment in Paladin. About SER Capital Partners SER Capital Partners is a middle-market private equity firm dedicated to investing in North American businesses driving clean power, electrification and resource efficiency. Its team members have amassed decades of experience in its targeted sectors both as private equity investors and senior executives. The firm actively creates attractive investments often underpinned by critical assets in partnership with talented management teams. More is available at
West Australian
2 days ago
- Business
- West Australian
Boss Energy's shares plummet 39 per cent following disappointing guidance at Honeymoon uranium project
Shares in uranium miner Boss Energy have been pulverised by a poor production outlook, which came just days after its managing director resigned. Boss was trading 39 per cent lower on Monday morning at $2.08 a share, wiping out about $540 million worth of value from the Subiaco-based business. June quarterly production figures at its flagship Honeymoon operation were better than analysts had expected but the company's forecast for the South Australian site furrowed the brows of investors. Honeymoon's cash costs are expected to increase this financial year primarily due to 'an expected decline in average tenor and an optimised lixiviant chemistry'. Higher tenor essentially equates to higher quality uranium and a lixiviant is the chemical concoction used to extract uranium from ore. 'The optimised lixiviant chemistry is expected to be value accretive through improved headgrade and total wellfield recovery but will result in higher specific consumptions and (cash) cost,which has been reflected in the forecast cash cost for FY2026,' Boss stated. A cash cost forecast of between $41 and $45 a pound of drummed uranium has been pencilled in for FY2026, compared to $36/lb for the June quarter. The Honeymoon headaches are expected to continue next financial year. An assessment of wellfield performance since Honeymoon restarted production in April last year has identified some 'potential challenges' going forward. 'Boss has identified potential challenges that may arise in achieving nameplate capacity as previously outlined in the enhanced feasibility study,' the company stated. 'This is largely due to the potential for less continuity of mineralisation and leachability. 'An independent review by subject matter experts will commence shortly to determine the extent to which the above affects EFS assumptions. Boss will keep the market informed.' The share price bloodbath comes less than a week after Boss announced its long-serving chief executive Duncan Craib would step down from the role at the end of September. Mr Craib, who has been Boss' chief since 2017, will then join the board as a non-executive director from the start of next year. Chief operating officer Matt Dusci — a former CEO of IGO — is set to take the reins from Mr Craib. In May last year, just weeks after Honeymoon produced maiden uranium, Mr Craib sold 3.75 million of his 4.24 million shares for an average of $5.63 each to rake in $21.1m. Boss has since lost more than 60 per cent of its value. The company is the third most shorted stock on the Australian Securities Exchange, with fellow Perth-based uranium miner Paladin Energy holding first place. Shares in Paladin on Wednesday lost more than 11 per cent after its production guidance also disappointed the market. Paladin produces uranium from its Langer Heinrich mine in Namibia.
West Australian
7 days ago
- Business
- West Australian
Paladin Energy shares lose 11pc as Langer Heinrich guidance misses expectations
Shares in the most shorted stock on the Australian Securities Exchange have plunged after output targets at its African uranium mine disappointed again. Perth-based Paladin Energy lost 11.3 per cent of its value on Wednesday despite posting a 33 per cent rise in quarterly production from its Langer Heinrich mine in Namibia. Paladin cranked out 993,843 pounds of triuranium octoxide — a uranium compound — compared with 745,484lb during the prior quarter. The average realised price of Langer Heinrich's radioactive product dropped $US69.9/lb to $US55.6/lb, while production costs declined from $US40.60/lb to $US37.50/lb. Output forecasts for the current financial year caused investors to flee. Production for the financial year is expected to sit between 4 million and 4.4 million pounds of U3O8 with costs between $US44/lb and $US48/lb. Costs were higher and output lower than what analysts had pencilled in. Paladin's management pinned the result on higher-than-expected mining and blasting expenses plus grade variability in its stockpiled ore. The poor result was good news for Paladin's legion of short sellers, who effectively profit when the company's share price tanks. The portion of Paladin's stock controlled by short sellers is 16.8 per cent, according to Australian Securities and Investments Commission data. It became the most shorted stock on the ASX last month, taking the unwanted mantle from fellow uranium miner Boss Energy. Paladin's shares are down 8.1 per cent so far this year and 39.8 per cent compared to 12 months ago. Paladin is currently facing two class action lawsuits related to production guidance provided last year. It is alleged the company contravened continuous disclosure rules and had engaged in misleading or deceptive conduct. Paladin told the ASX in June last year Langer Heinrich would pump out 4mlb to 4.5mlb of its uranium compound for the 2025 financial year. Quarterly production was well below expectations in October, sparking a 15 per cent share price collapse.
Business Upturn
7 days ago
- Business
- Business Upturn
Paladin Energy Ltd: June 2025 Quarter Results
By GlobeNewswire Published on July 23, 2025, 03:56 IST PERTH, Australia, July 22, 2025 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) ('Paladin' or the 'Company') advises that it has released its quarterly activities and cashflow reports for the period ended 30 June 2025 ('June 2025 Quarter Results'). The Company has also released an accompanying presentation on the June 2025 Quarter Results. The quarterly activities and cashflow reports and presentation are available on Paladin's website ( For further information contact: About Paladin Paladin Energy Ltd (ASX:PDN TSX: PDN OTCQX:PALAF) is a globally significant independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine located in Namibia. In late 2024 the Company acquired Fission Uranium Corp. in Canada, resulting in a dual-listing on the both the ASX and TSX. With the integration of Fission's operations, the Company now owns and operates an extensive portfolio of uranium development and exploration assets across Canada, which include the Patterson Lake South (PLS) project in Saskatchewan and the Michelin project in Newfoundland and Labrador. Paladin also owns uranium exploration assets in Australia. Through its Langer Heinrich Mine, Paladin is delivering a reliable uranium supply to major nuclear utilities around the world, positioning itself as a meaningful contributor to baseload energy provision in multiple countries and contributing to global decarbonisation. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Toronto Star
7 days ago
- Business
- Toronto Star
Paladin Energy Ltd: June 2025 Quarter Results
PERTH, Australia, July 22, 2025 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) ('Paladin' or the 'Company') advises that it has released its quarterly activities and cashflow reports for the period ended 30 June 2025 ('June 2025 Quarter Results'). The Company has also released an accompanying presentation on the June 2025 Quarter Results.
