Peninsula Energy Secures Strategic US$15 Million Financing to Advance Uranium Production

Peninsula Energy Limited (ASX: PEN) has secured a US$15 million debt facility from global investment firm Davidson Kempner to support the development and commissioning of its flagship Lance Project in Wyoming. The financing comprises a US$10 million immediate cash advance and an additional US$5 million in convertible debt, contingent on shareholder approval and a successful equity raise. The agreement includes provisions for Davidson Kempner to participate in Peninsula’s upcoming equity capital raising, further aligning stakeholder interests.

The funds will facilitate final steps including water commissioning, pre-operational approvals, and hot commissioning—targeting dry yellowcake production by August 2025. Both parties have agreed to potentially refinance the initial loan via a convertible structure, ensuring strategic flexibility. Backed by strong institutional support, Peninsula is positioned to resume ASX trading and establish Lance as a key U.S.-based uranium supplier amid growing global demand for clean energy solutions

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com