The Age
·general
·1 hour ago
Peninsula bags US$56M for Wyoming uranium ramp up
ASX-listed uranium producer Peninsula Energy secured US$56 million in funding on Wednesday to accelerate production at its Lance project in Wyoming. The package includes institutional placements and a convertible note facility from Washington H. Soul Pattinson. The capital will fast-track development of Mine Unit 5, targeting 1.2-1.5 million pounds annual processing capacity by 2028 amid rising global uranium demand.
Summary by Glance · The Age
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