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Peninsula Energy ( (AU:PEN) ) has shared an announcement.
Peninsula Energy Limited has successfully completed a A$69.9 million equity raising, including a retail entitlement offer that raised A$7.0 million, with the shortfall covered by underwriters. This capital raise supports the company’s strategy to restart production at its Lance Project and positions it to capitalize on improving uranium market fundamentals. The funds will enable Peninsula to ramp up production and deliver on key milestones, enhancing its role as a significant US uranium producer.
The most recent analyst rating on (AU:PEN) stock is a Hold with a A$1.00 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 (ASX: PEN) is a uranium company listed on the ASX, providing US production and direct market exposure. It owns the Lance Project in Wyoming, which re-commenced uranium production in December 2024. Lance is one of the largest independent near-term uranium development projects in the US, positioning Peninsula as a key supplier of uranium for a clean energy future.
Average Trading Volume: 5,151,576
Technical Sentiment Signal: Sell
Current Market Cap: A$83.4M
Learn more about PEN stock on TipRanks’ Stock Analysis page.