Peninsula Energy Limited (AU:PEN) has released an update.
Peninsula Energy Limited reports robust progress in the June quarter, with key developments at their Lance Projects in Wyoming, including the start of expansion work on the Ross Central Processing Plant and the drilling of 118 production wells. Additionally, a successful equity raise of A$106 million ensures full funding for operations until the anticipated generation of sustainable free cash flow in Q3 2025. These milestones position Peninsula as a significant independent uranium developer in the US, with production restart scheduled for late 2024.
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