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Peninsula Energy Secures US$56M Funding Despite 2026 Production Challenges

1:09pm on Friday 31st of July, 2026 AEST Mining
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Peninsula Energy Secures US$56M Funding Despite 2026 Production Challenges

1:09pm on Friday 31st of July, 2026 AEST
Key Points
  • 2026 uranium production guidance withdrawn due to wellfield challenges
  • 2027 production guidance of 500-600klbs U3O8 reconfirmed
  • US$56 million funding package completed including US$30 million convertible note
  • Operational issues linked to wellfield flow rates and chemistry optimisation
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