Sign up Australia
Proactive Investors - Run By Investors For Investors

Peninsula Energy Ltd to reveal project expansion funding

Peninsula Energy Ltd to reveal project expansion funding

Peninsula Energy Ltd (ASX:PEN) has been granted a trading halt by the ASX pending details on project expansion funding.

Peninsula recently received proposals, and executed one non-binding term sheet, for an Income Streaming facility to fund expansion at the Lance uranium project, located in the Powder River Basin, Wyoming, U.S.

Income Streaming is a non-dilutive mechanism that sees a proportion of future sales revenue, over a finite time period, being exchanged for a one-off upfront cash payment that is to be used for additional capital expenditure.

Typically this would involve less than 5% of the produced material over the specific time period, structured to afford a commercial return to the provider but also to minimise the cashflow impact to the company.

The halt will remain in place until the opening of trade on Wednesday 23rd March 2016, or earlier if an announcement is made to the market.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

View full PEN profile

Peninsula Energy Ltd Timeline

Related Articles

Berkeley Energia and its Spanish uranium story
July 27 2016
Salamanca, says the group, will be one of the globe's top ten producers and among the lowest cost producers
October 14 2016
Peninsula is producing uranium from the Lance Projects which have a mine life of at least 20 years.

© Proactive Investors 2016

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.