Peninsula Energy Ltd raising A$15 million for uranium purchase to help underpin Lance project transition
Peninsula Energy secures commitments for A$15 million equity raising for uranium purchase The placement and SPP will fund the purchase of 300,000 pounds of uranium at a price of US$31.35 per pound, a strategic purchase that will assist the company as it transitions the Lance Project in Wyoming to a low pH ISR operation. Settlement is due next month and the uranium will be stored at the Cameco Facility in Ontario, Canada. Peninsula Energy Ltd (ASX:PEN) (OTCMKTS:PENMF) (FRA:P1M) has received commitments from institutional and high net worth investors for A$13.4 million through a s...