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How Will Peninsula Energy’s A$70M Raise Reset Its Lance Uranium Project?
10:00pm on Friday 29th of August, 2025 AEST
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How Will Peninsula Energy’s A$70M Raise Reset Its Lance Uranium Project?
10:00pm on Friday 29th of August, 2025 AEST
Key Points
Fully underwritten A$69.9 million equity raise at 51.6% discount
Cornerstone investment by Tees River Uranium Fund up to A$22.5 million
Revised, lower production guidance through 2027 with focus on sustainable ramp-up
Five of six offtake contracts terminated to align with new production plan
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Peninsula Energy (ASX:PEN)
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