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Peninsula Energy Limited (ASX:PEN)

ALERT: Price-sensitive ASX Announcement for PEN
Current share price for PEN : $0.225 -0.14 (-38.36%)+
Announcement
Release
10 Jun 2026 8:17AM
Price at Release
$0.365
Full Release
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Summary
Peninsula Energy Limited (PEN) has executed a definitive Convertible Note Debt Facility Agreement with SP Financing 1 Pty Limited, an affiliate of Soul Patts. This agreement finalizes the terms of a previously announced US$30 million senior secured convertible note debt facility. The drawdown is contingent upon the satisfaction of customary conditions by 31 July 2026. This facility supports Peninsula's strategic objectives related to its Lance Uranium Operation in Wyoming, USA, which is ramping up production under a revised operational plan. Peninsula Energy is positioning itself as a significant uranium producer in the US, contributing to the clean energy sector.
Key Points
  • Peninsula Energy Limited executed a Convertible Note Debt Facility Agreement.
  • The agreement involves a US$30 million facility with SP Financing 1 Pty Limited.
  • The facility is contingent upon conditions being satisfied by 31 July 2026.
  • Peninsula is developing its Lance Uranium Operation in Wyoming, USA.
  • This agreement is part of Peninsula's strategy to enhance uranium production.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.