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Peninsula Energy Limited (ASX:PEN)

ALERT: Price-sensitive ASX Announcement for PEN
Current share price for PEN : $0.295 0.045 (18%)+
Announcement
Release
31 Jul 2026 1:10PM
Price at Release
$0.250
Full Release
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Summary
Peninsula Energy Limited's Quarterly Activities Report for June 2026 highlights several key operations and corporate developments at its Lance Uranium Project in Wyoming, USA. Production guidance for CY2026 was withdrawn due to slower wellfield ramp-up, but guidance for CY2027 is confirmed at 500-600klbs U3O8. Challenges in wellfield operations are considered temporary, with positive progress in low-pH ISR operations. A US$56 million funding package was secured to support development and ramp-up efforts. The company is transitioning to an owner-operated wellfield drilling model to reduce costs and improve flexibility. Safety incidents were reported, including a Lost Time Injury and reportable spills. Financially, Peninsula ended the quarter with a strong cash position, supported by recent capital raises and debt facility drawdowns.
Key Points
  • Withdrawal of CY2026 production guidance due to slower wellfield ramp-up.
  • Confirmation of CY2027 production guidance at 500-600klbs U3O8.
  • Positive progress in low-pH ISR operations.
  • US$56 million funding package secured for development and ramp-up.
  • Transition to owner-operated wellfield drilling model.
  • Safety incidents reported, including a Lost Time Injury.
  • Strong cash position and financial support from capital raises and debt facility.
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.