Paladin Energy says it is engaging potential buyers in both the United States and China as global demand for uranium rises, positioning Namibia as a key supplier in the evolving nuclear energy market.
Chief Executive Officer Paul Hemburrow said the company has held discussions with representatives linked to US embassies, although no formal agreements have been concluded.
“We’ve had direct interactions with representatives from US embassies, but there is nothing concrete at this point,” he said.
Hemburrow said demand from China remains particularly strong, driven by the country’s continued expansion of nuclear reactors. Chinese utilities are actively securing long-term fuel supplies and pursuing uranium assets globally.
“We are also seeing very strong demand from China. Utilities there continue to be aggressive in their fuel purchasing, driven by reactor build-out programmes and the need to secure supply,” he said.
Recent transactions, including a China General Nuclear (CGN)-led deal linked to Namibia’s Langer Heinrich mine, reflect Beijing’s strategy to lock in long-term uranium supply.
Paladin said Namibia’s uranium is also attracting growing interest from European buyers, particularly following supply disruptions in Niger, one of the world’s major uranium producers, which has tightened global availability.
With multiple international buyers competing for supply, the company said Namibia is well positioned to benefit from the current market dynamics.
“We are in a fortunate position in Namibia, with our production highly sought after by Chinese, US and European counterparties. We will aim to maximise the value of our Namibian production for the benefit of our shareholders,” Hemburrow said.
