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Peninsula Energy ( (AU:PEN) ) has shared an update.
Peninsula Energy has announced a delay in the commissioning of its Central Processing Plant (CPP) at the Lance Uranium Project, now scheduled for completion in the June Quarter 2025, due to challenging weather and supply chain issues. This delay is likely to result in a downgrade of the company’s 2025 production guidance. The company is actively seeking additional funding to mitigate liquidity risks and plans to revise its financial strategy accordingly. Despite these challenges, Peninsula maintains strong relationships with its customers and is considering adjustments to delivery schedules to manage the impact of the CPP delay.
More about Peninsula Energy
Peninsula Energy Limited (ASX:PEN) is an ASX-listed uranium company with a focus on US production and market exposure. It owns the Lance Projects in Wyoming, one of the largest independent near-term uranium development projects in the US. Peninsula has been meeting delivery requirements since 2016 and holds long-term sales contracts with major utilities in the US and Europe, positioning itself as a significant player in the clean energy sector.
YTD Price Performance: -2.33%
Average Trading Volume: 44,808
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $132M
For an in-depth examination of PEN stock, go to TipRanks’ Stock Analysis page.