Latest Peninsula Energy (ASX:PEN) News

Peninsula Energy has won a Supreme Court ruling validating a contentious nearly 20 million share issuance from February despite prospectus lapses, prompting a request to lift its trading suspension.

Peninsula Energy (ASX: PEN) has voluntarily suspended trading of its shares pending a Supreme Court decision on the validity of share sales made earlier this year. The court hearing, set for 22 April, will determine if required disclosures were properly made for sales between February and April 2026.

Peninsula Energy has partially converted US$4.1 million of its convertible loan facility with Adare Finance, reducing its outstanding debt and issuing nearly 20 million shares at A$0.30 each. This transaction supports ongoing funding for the Lance Uranium Project restart and Reset Plan execution.

Peninsula Energy confirms it remains on track to meet its 2026 uranium production targets despite temporary mechanical setbacks at its Wyoming processing plant, with promising early results from its key MU-4 wellfield.

Peninsula Energy has reduced its debt by US$4.25 million through a partial conversion of its convertible loan facility, issuing nearly 20 million shares to its lender. This move supports the ongoing restart and ramp-up of its Lance Uranium Project in Wyoming.

Peninsula Energy reports strong progress at its Lance Uranium Project in Wyoming, with key production milestones reached and the company on track to meet 2026 uranium output targets amid a buoyant market.

Peninsula Energy reported a $9.6 million operating cash outflow for the December 2025 quarter but maintains a strong cash position of $31.8 million, supported by a $12.6 million refinancing deal. The company anticipates uranium sales from its Lance Project to improve cash flows in coming quarters.

A takeover premium blew the doors off the Materials board this week, while one discounted equity raise did the opposite. Uranium names kept climbing on real production progress, and rare earths stayed in favour as governments and buyers circle supply.

A takeover offer lit up small caps, while one high-growth software name slid hard despite strong sector news. Resources dominated the winners list, but investors still punished dilution and discounted fundraisings.

Peninsula Energy reports strong progress in ramping up uranium production at its Lance Project in Wyoming, with acidification exceeding expectations and key infrastructure developments on track. Supportive US government policies further enhance the company’s strategic outlook.

Peninsula Energy reported a $7.3 million operating cash outflow for Q3 2025, alongside securing a $12.6 million convertible debt facility to advance its Lance Project in Wyoming. The company ends the quarter with $36 million in cash, supporting an estimated six quarters of funding.

Peninsula Energy has achieved a significant operational milestone with its first dried yellowcake production at the Lance Uranium Operation, while revising its near-term production guidance and completing a major equity raise to support growth.