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ASX:PEN

6 stories mentioning ASX:PENUpdated 41d ago

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Asia

Peninsula Energy Appoints Gary Birch as Chief Technical Officer

Peninsula Energy (ASX:PEN) appointed Gary Birch as chief technical officer, effective Sept. 28, according to a Monday filing with the Australian bourse.Birch has served as chief operations officer at Heathgate Resources since November 2019, per the filing.Peninsula Energy also established a technical committee to strengthen oversight and drive continuous improvement at the Lance uranium project in Wyoming, US. The committee will be chaired by non-executive director Keith Bowes.Additionally, the company engaged specialist uranium in-situ recovery consulting group Rendement to provide technical assistance and recommendations focused mainly on wellfield performance, it said.The company's shares were down 1% in recent Monday trade.

ASX:PEN
Asia

Peninsula Energy Withdraws 2026 Production Guidance on Slower Well Field Ramp-Up; Shares at All-Time Low

Peninsula Energy (ASX:PEN) withdrew its calendar 2026 production guidance following a slower-than-anticipated well field ramp-up, largely related to reduced flow rates, as it continues to advance the Lance Uranium Project's low-pH in-situ recovery (ISR) operations, according to a Wednesday Australian bourse filing.The company said the issues relate mostly to Mine Unit 1, Mine Unit 3 and well field chemistry refinement in the first two to three header houses in Mine Unit 4, with calendar 2027 production guidance of 500,000 to 600,000 pounds of uranium oxide reconfirmed.Following its recently secured $56 million funding package, Peninsula said it remains in a position to continue the production ramp-up, supported by a cash balance of $47.1 million as of July 17, it added.The company's shares sank 24% in recent Wednesday trade and earlier hit an all-time low.

ASX:PEN
Asia

Peninsula Energy Requests Trading Halt to Review 2026 Production Expectations

Peninsula Energy (ASX:PEN) has requested a trading halt as it reviews its production outlook for the remainder of 2026, with the assessment potentially leading to a reduction in its existing production guidance, according to a Monday Australian bourse filing.The trading halt is expected to remain in effect until the earlier of the release of the update or the resumption of normal trading on Wednesday, the filing added.

ASX:PEN
Asia

Peninsula Energy Executes Definitive Agreement for $30 Million Debt Facility With Soul Patts Affiliate

Peninsula Energy (ASX:PEN) executed a definitive investor facility agreement with SP Financing, an affiliate of Soul Patts (ASX:SOL), giving effect to the terms of its previously announced $30 million senior secured convertible note debt facility, according to a Wednesday Australian bourse filing.The company said the terms of the facility agreement are materially consistent with those previously announced and detailed in its prospectus and notice of meeting, with drawdown of the $30 million remaining subject to customary conditions precedent being satisfied before July 31, the filing added.Peninsula Energy's shares fell past 1% in recent Wednesday trade, while Soul Patts' shares added about 1%.

ASX:PENASX:SOL
Asia

Peninsula Energy Obtains $56 Million Funding Package to Support US Uranium Project

Peninsula Energy (ASX:PEN) secured a $56 million financing package to fast-track mine development and production expansion at its flagship Lance uranium project in Wyoming, according to a Thursday filing with the Australian bourse.The package includes a fully underwritten institutional placement for the issuance of about 62.4 million shares at a price of AU$0.35 each to raise about AU$21.8 million, as well as a one-for-11 accelerated entitlement offer to eligible shareholders at the same share price to generate up to AU$14.2 million.It also includes a binding commitment from Washington H. Soul Pattinson for a $30 million convertible note debt facility, per the filing. The facility contains conversion rights that permit Washington H. Soul Pattinson to convert the debt into Peninsula shares at a price of A$0.35 each.Washington H. Soul also provided a firm commitment for up to AU$14.4 million in the equity raising by Peninsula, the company said.

ASX:PEN
Asia

Peninsula Energy Says Citigroup Becomes Substantial Holder

Peninsula Energy (ASX:PEN) received notice that Citigroup Global Markets Australia and its affiliated entities became a substantial holder of the company on Monday, according to a Wednesday filing with the Australian bourse.Citigroup now owns 25.9 million shares in the company, representing a 5.79% total voting power, the filing said.The company's shares rose 1% in recent Wednesday trade.

ASX:PEN

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