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Peninsula Energy's substantial shareholder boosts stake

Peninsula is producing uranium from the Lance Projects.
Peninsula Energy's substantial shareholder boosts stake
Lance is located in Wyoming, U.S.

Peninsula Energy Ltd's (ASX:PEN) substantial shareholder, Global X Management, has lifted its stake in the company to 8.64% from 7.62%.

Peninsula produces uranium from its Lance Projects in Wyoming, U.S.

Production for the three months ending September was circa 34,500 pounds of uranium with around 42,500 pounds of uranium dried and drummed in the period.

Sales totalled 132,934 pounds of uranium, which consisted of 92,934 pounds from Lance and the remaining 40,000 pounds from market purchases.

The average sale price was US$50 per pound for cash receipts of US$6.6 million.

READ NOW: Peninsula's game-changer adds potential for Lance to be in first quartile of uranium producers

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