Peninsula Energy Advances CPP Construction and Secures Settlement with Samuel EPC

Peninsula Energy ( (AU:PEN) ) has shared an announcement.

Peninsula Energy has announced significant progress in the construction of Phase II of its Central Processing Plant (CPP) at the Lance Project, with commissioning and handover activities set to begin soon. The company has resolved outstanding claims with its contractor, Samuel EPC, through a settlement agreement, which includes cash and equity payments. Additionally, Peninsula is revising its production guidance for the coming years and is in discussions for interim debt funding and a capital raise to support its reset plan. Key organizational changes have been made, including leadership adjustments, to better position the company for future success.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$4.00 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 energy sector with a focus on uranium production. The company is actively engaged in the development of the Lance Project located in Wyoming, aiming to produce dry yellowcake.

Average Trading Volume: 1,364,750

Technical Sentiment Signal: Sell

Current Market Cap: A$98.97M

See more insights into PEN stock on TipRanks’ Stock Analysis page.