When Uranerz decided to close its Australian operations, John Borshoff acquired its extensive proprietary databases, which subsequently formed the nucleus for the public float of Paladin in 1994.

[citation needed] In February 2008, Paladin, in conjunction with joint venture partner Cameco, were selected from a highly competitive field to explore the Angela and Pamela deposits located approximately 25 km south of Alice Springs in the Northern Territory.

[citation needed] In February 2009, Paladin completed the takeover of Fusion Resources, adding the Duke Batman and Honey Pot deposits to the existing Mount Isa project area.

[1] According to diplomatic cables leaked in 2010, BHP Billiton attempted to lobby the Australian government in order to block the Aluminium Corporation of China (Chinalco) investment in Rio Tinto.

[2] In 2012, Paladin joined forces with Rio Tinto to block the sales of BHP Billiton's Australian uranium deposit to Canadian mining company, Cameco.

[4] In 2016, The Australian reported that Paladin may be in talks with Russian owned ARMZ Uranium Holding as well as China National Nuclear Corporation.

[12] On June 24, 2024, Paladin Energy announced a deal to purchase a Canadian mining development company, Fission Uranium Corp., for $1.14 billion.

[citation needed] Paladin also has an 82.08% controlling interest in Summit Resources Limited, Valhalla's joint venture partner at Mount Isa and the holder of other promising exploration titles in the region.

Substantial technical work has been completed on this project since its discovery in 1973, mainly by Gencor (the original explorer), a large South African mining house that evolved into BHP.

[citation needed] Paladin's Board approved the development proposal at a capital cost of US$92M in 2005; site works began in September 2005;and, the project construction was completed on time and within budget.

A report presented by the United Nations Human Rights Commission argued that Malawi would lose money and resources over the life of the mine.

[citation needed] In 2015, the Canadian Federal government granted an exemption to the current regulations on foreign ownership of active producing mines in Canada.

This ban was overturned in October 2012, paving the way for firms like Paladin to take advantage of the vast resources available; exploration had not been prohibited and thus the reserves have been targeted and are ready for mining.