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How Peninsula Energy Plans to Revive Lance Uranium Project with $70M Capital Boost
10:00pm on Friday 29th of August, 2025 AEST
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How Peninsula Energy Plans to Revive Lance Uranium Project with $70M Capital Boost
10:00pm on Friday 29th of August, 2025 AEST
Key Points
Delayed commissioning of Lance Central Processing Plant to September quarter 2025
Revised phased production plan targeting 400,000–600,000 lbs in 2026–27, scaling to 1.2–1.5M lbs by 2028
Termination of 5.14 million lbs of legacy uranium contracts to eliminate take-or-pay liabilities
Fully underwritten A$70 million equity raise and US$15 million debt facility secured
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