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Peninsula Energy Limited (ASX:PEN)

ALERT: Price-sensitive ASX Announcement for PEN
Current share price for PEN : $0.300 0.05 (20%)+
Announcement
Release
31 Jul 2026 1:09PM
Price at Release
$0.250
Full Release
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Summary
Peninsula Energy Limited reported its financial performance for the quarter ending 30 June 2026, highlighting a net cash outflow from operating activities of $11.527 million, driven by costs associated with the Lance Project. The company also incurred a $6.807 million outflow from investing activities. However, financing activities contributed a positive cash flow of $23.999 million, largely from equity securities and a convertible debt facility. At the quarter end, cash reserves stood at $22.053 million. A recent $56 million funding package, including a $30 million convertible note with Washington H. Soul Pattinson, aims to support the Lance Project's ramp-up and future uranium sales, which are expected to improve cash flow.
Key Points
  • Peninsula Energy Limited's quarterly cash flow report covers the financial period ending 30 June 2026.
  • Operating activities resulted in a net cash outflow of $11.527 million for the current quarter.
  • Investing activities resulted in a net cash outflow of $6.807 million, primarily due to development costs of the Lance Project.
  • Financing activities provided a net cash inflow of $23.999 million, mainly through equity securities and convertible debt facilities.
  • Cash and cash equivalents at the end of the period totaled $22.053 million.
  • The company announced a $56 million funding package, including a $30 million convertible note facility agreement with Washington H. Soul Pattinson.
  • The Lance Project is in the ramp-up phase, and the commencement of uranium sales is anticipated to shift the cash flow to positive in subsequent quarters.
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.