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An announcement from Peninsula Energy ( (AU:PEN) ) is now available.
Peninsula Energy has announced successful production of yellowcake at its Lance Uranium Operation in Wyoming, marking a significant milestone for the company. The production follows a pre-operational inspection and aligns with a revised production schedule that anticipates increased output through 2027. The company has also completed a substantial equity raise and secured a convertible debt facility to support its production goals. The appointment of new non-executive directors and the retirement of long-standing board members indicate a leadership refresh. Peninsula’s strategic focus is on sustainable production and operational excellence, with the aim of strengthening its position as a key player in the US uranium market.
The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.
More about Peninsula Energy
Peninsula Energy Limited, along with its subsidiary Strata Energy Inc., operates in the uranium industry, focusing on uranium production and exploration projects. The company is primarily engaged in the development of the Lance Uranium Project in Wyoming, which is one of the largest uranium ISR projects in the United States. Peninsula Energy aims to become a significant supplier of uranium to the US and global energy markets.
Average Trading Volume: 6,108,955
Technical Sentiment Signal: Sell
Current Market Cap: A$260.9M
See more data about PEN stock on TipRanks’ Stock Analysis page.