Peninsula Energy's 2021 contracted uranium sales will deliver cash margin of US$6-8 million
The latest purchase agreement underpins Peninsula’s forecast net cash margin of US$6 million to US$8 million on uranium sales for next year.
Company
Peninsula Energy Ltd
ASX:PEN
Peninsula Energy Ltd is one of the few ASX-listed uranium companies providing US production and direct market exposure. The company's 100% owned Lance Projects in Wyoming has re-commenced production operations in December 2024 and will continue ramping up the production rate in 2025 in coordination with the commissioning of a complete central processing plant facility.
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Peninsula Energy appoints experienced uranium executive to chief financial officer role
The company is embarking on a project transformation initiative at the Lance Projects in Wyoming, USA to change from an alkaline ISR operation to a low pH ISR operation.
Peninsula Energy confirms strong director support for $40.3 million entitlement offer
The entitlement offer has allowed Peninsula to repay its existing debt in full, leaving the company cashed-up and in a strong position to pursue its uranium production re-start strategy in the US.
Peninsula Energy repays term debt in full ahead of schedule
PEN has “a production re-start ready mine, long-term uranium sale contracts, direct exposure to the proposed US Government uranium buying program and a clean balance sheet”.
Peninsula Energy completes $40.3 million entitlement offer to advance Lance Uranium Project
The company has started early preparation activities for the planned transition to low pH operation at the Lance Uranium Project in Wyoming, USA.
Peninsula Energy to host briefing session regarding $40.3 million entitlement offer
The raising means the company will be well-positioned to continue low pH transformation activities and to prepare for restart of its flagship Lance Uranium Project.
Peninsula Energy in transformational $40.3 million equity raising to support future low pH uranium operations
The raising means the company will be well-positioned to continue low pH transformation activities and to prepare for restart of its flagship Lance project.
Peninsula Energy in back-to-back trading halts with capital raising news pending
The US strategy released in April recognises that national security is truly integrated with the health of the front-end of the nuclear fuel cycle and will support the domestic supply of uranium.
Peninsula Energy says new US report "a very good outcome for all US uranium producers"
The US strategy recognises that national security is truly integrated with the health of the front-end of the nuclear fuel cycle and will support the domestic supply of uranium.
Peninsula Energy secures key approval for US project as uranium price rises 29% this year
Recent supply shocks have caused USD uranium price to surge almost 29% since the start of 2020, rising from US$24.85 to $32 per pound.
Peninsula Energy shares rise after selling US$4.1 million worth of uranium in March
Peninsula shares are trading about 9% higher intra-day after selling a total of 116,000 pounds uranium in March at an average realised cash price of about US$35 per pound.
Peninsula Energy streamlines operations as it progresses uranium project in the US
The primary focus of activities at the Lance Project this year is on the low pH de-risking and optimisation program.
Peninsula Energy raises $2 million from rights issue and shortfall placement
The company’s Lance Project in the US is a uranium mine that is in the process of changing its uranium extraction technique to low pH in-situ recovery (ISR).
Peninsula Energy welcomes US President’s request to allocate US$150 million for uranium purchases
Peninsula’s Lance Project in Wyoming is ready to provide uranium to help meet the strategic needs of the US.
Peninsula Energy secures $940,000 in rights issue
The company can raise up to $2.08 million in total by placing the shortfall from the offer within three months.
Peninsula Energy completes final step for authorisation to new uranium recovery method
The Lance Project is a uranium mine that is in the process of changing its uranium extraction technique to low pH in-situ recovery (ISR).
Peninsula Energy gives shareholders more time and extends rights issue
Eligible shareholders can apply for 1 new share priced at 16.5 cents for every 20 shares they own at the record date.
Peninsula Energy raises $7 million from share placement; $2.1 million offer to open next month
Proceeds from the institutional placement and the entitlement offer will be used for ongoing site operational costs and low pH de-risking and optimisation activities at the Lance Projects in the US.
Peninsula Energy in trading halt with capital raising news pending
The halt will remain until Friday, November 27, or when an announcement is made to the market.
Peninsula Energy executes agreements for debt restructure
The amending deeds have been executed with remaining formal documentation hoping to be executed before calendar year-end.