Peninsula Energy Slashes Debt, Rides Uranium Wave

0:00Peninsula energy just dropped some solid balance sheet news by converting $4.1 million US dollars or about $6 million Australian dollars of debt into equity. This is the second cut to their $15 million US dollar convertible loan from Davidson Kempner back in July last year, leaving just $4.2 million US dollars outstanding. That funding bridged the gap to their big $70 million US dollar equity raise at 30 cents per share in August 2025, all aimed at kickstarting the Lance Uranium project in Wyoming. The move slashes financing risks right as they hit key milestones, like producing their first Uranium yellow cake and boosting well-feel flow rates during the ramp up. Operationally, they've optimized the plan with in-situ recovery using a low pH acid leach system after switching from alkaline back when prices, tanked in 2019. Restart hit in 2025, amid rising Uranium demand. With debt shrinking fast, production on track, and US nuclear policies heating up,

1:03peninsula is primed to supply the domestic market and ride this Uranium wave long term. Stay informed with Sydney news today, AI powered updates. I'm Cory with the story.