Peninsula to restart US uranium operations following equity raise
Published by Joe Toft,
Editorial Assistant
Global Mining Review,
Further, the company has announced that it has entered into an underwriting agreement with Canaccord Genuity (Australia) Limited to conduct a fully underwritten institutional placement of 244 million new fully paid ordinary shares to raise AUS$32 million and launch a nonunderwritten SPP to eligible shareholders in Australia and New Zealand to raise up to a maximum of AUS$3 million.
Peninsula’s Managing Director and CEO, Mr Wayne Heili, said:
“It is with a tremendous sense of excitement that we are advancing the Lance projects back into production. Our team has put an enormous amount of work over recent years into the transition to a low-pH ISR operation and we will be confidently moving forward to production. The underwritten placement supports the Board’s investment decision and marks a great milestone for the company. Now, with this AUS$35 million equity issue, the preparatory works that have already been completed, and the commencement of restart works, we are on a clear pathway to production commencing in 1Q23.”
Read the article online at: https://www.globalminingreview.com/mining/28112022/peninsula-to-restart-us-uranium-operations-following-equity-raise/
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