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Peninsula Energy Produces First Yellowcake, Reshapes Production Plans
2:31pm on Thursday 30th of October, 2025 AEDT
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Mining
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Peninsula Energy Produces First Yellowcake, Reshapes Production Plans
2:31pm on Thursday 30th of October, 2025 AEDT
Key Points
First dried yellowcake produced at Lance Uranium Operation, Wyoming
Revised production guidance – up to 50,000 lbs U3O8 in 2025, scaling to 600,000 lbs by 2027
Termination of five of six uranium offtake contracts to align with updated production plans
Completed A$69.9M equity raise and US$15M convertible debt facility to fund ramp-up
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