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Australia's Paladin Energy gains on NROP exemption in Canada

ReutersMar 17, 2025 1:08 AM

Shares of uranium producer Paladin Energy PDN.AX rise 2.2% to A$6.56

Stock rose as much as 3% to A$6.61 in early trade

Co receives exemption from Non-Resident Ownership Policy (NROP) in uranium mining in Canada for its Patterson Lake South project

Says exemption allows co to maintain its 100% controlling interest in project throughout its commercial production

Stock trims YTD declines to 13.2%

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