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Peninsula Energy Secures A$69.9M to Power Lance Uranium Ramp-Up

8:36am on Monday 13th of October, 2025 AEDT Mining
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Peninsula Energy Secures A$69.9M to Power Lance Uranium Ramp-Up

8:36am on Monday 13th of October, 2025 AEDT
Key Points
  • A$69.9 million equity raise finalized with strong cornerstone support
  • Tees River Uranium Fund acquires 18.4% ownership stake
  • Davidson Kempner debt facility fully drawn with partial equity conversion
  • US$5 million settlement of terminated uranium sales contracts completed
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