Peninsula Energy delivers positive free cash generation from uranium sales
Peninsula is producing uranium from its Lance Projects in the U.S.
Company
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 is producing uranium from its Lance Projects in the U.S.
In a vote of confidence, Peninsula's managing director bought shares on-market.
A recently published research report forecasts a $1.75 per share price target.
Uranium production from the Lane Projects continues to increase.
The company has existing contracts securing US$420 million revenue.
Wayne Heili is the new MD and CEO for Peninsula Energy.
Peninsula has more than doubled its SPP size due to high demand.
Peninsula is producing uranium from the Lance Projects.
Peninsula's share purchase plan closes on 3 March 2017.
Peninsula is producing uranium from the Lance Projects.
The company is seeking to raise $6.5 million from the offer, which is underwritten.
The company is producing uranium from the Lance Projects.
The plan will offer $15,000 at $0.50 a share, the same price as the placement.
Peninsula Energy (ASX:PEN) has been advised that substantial shareholder, Global X Management Company Co LLC, has lifted its stake in the company.
Peninsula Energy (ASX:PEN) has a new substantial shareholder with Global X Management Company Co LLC moving to a 5.32% stake.
Peninsula Energy (ASX:PEN) shares are trading up over 35% in 2017 and 8% intra-day, which places the company’s intended share purchase plan (SPP) deep in-the-money.
Peninsula Energy (ASX:PEN) received an ASX Price and Volume speeding ticket late Friday, following a 36% jump in the share price intra-day to $0.75, on increased volume.
Peninsula is producing uranium from the Lance Projects.
Peninsula is insulated from current uranium prices through its existing long term contracts.
Uranium-producer Peninsula Energy (ASX:PEN) has been granted a trading halt this morning by the ASX, pending details of a capital raising.