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Peninsula Energy Ltd (PEN) investor relations material
Peninsula Energy Ltd Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved first dried yellowcake production at the Lance Uranium Operation in Wyoming, marking a significant operational milestone just 14 months after initial construction began.
Completed a comprehensive funding package, including an A$69.9M equity raise and a US$15.0M convertible debt facility, ensuring financial strength for ramp-up to targeted production rates.
Welcomed new cornerstone investors, including Tees River Uranium Fund and Washington H. Soul Pattinson, and refreshed the Board with new appointments.
Financial highlights
Raised A$69.9M through equity and secured a US$15.0M convertible debt facility, with a current debt balance of US$12.6M post-conversion and capitalisation.
Available cash at quarter-end was US$36.0M, providing strong liquidity for ongoing operations.
Directors participated in the equity raise, subscribing for A$231,000 in shares.
Outlook and guidance
Revised production guidance: up to 50,000 lbs U3O8 in CY2025, 400,000–500,000 lbs in CY2026, and 500,000–600,000 lbs in CY2027.
Focus on ramping up production from Mine Units 1, 3, and 4, with acidification and commissioning activities scheduled for the December quarter.
Only one sales contract remains, covering 600,000 lbs of uranium from 2028–2033.
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