logo-loader
viewPeninsula Energy Ltd

Peninsula Energy in back-to-back trading halts with capital raising news pending

The US strategy released in April recognises that national security is truly integrated with the health of the front-end of the nuclear fuel cycle and will support the domestic supply of uranium.

Peninsula Energy Ltd - Peninsula Energy in back to back trading halt with capital raising news
The uranium mining company owns the Lance Projects in Wyoming, USA

Peninsula Energy Ltd (ASX:PEN) has been granted two consecutive trading halts by the ASX with pending news of a capital raising. 

The trading halts will remain in place until the beginning of regular ASX trade on Thursday, June 4, or when an announcement is released to the market.

Shares last traded at 13 cents and since March 24 have traded in the range of 8.2 to 22 cents.

US strategy report

In April, Peninsula welcomed a key update provided by US Secretary of Energy Dan Brouillette in the Nuclear Fuel Working Group’s (NFWG) strategy report.

The NFWG report outlines a comprehensive whole-of-government strategy of actions that could revive the capabilities of the uranium mining, milling and conversion industries in support of the entire US nuclear industry.

Peninsula managing director and chief executive officer Wayne Heili said that, when implemented, the recommendations would provide an immediate boost to US uranium producers, such as Peninsula, through supply agreements with the Department of Energy (DOE).

He said: “This looks to be a very good outcome for Peninsula and all US uranium producers.”

Quick facts: Peninsula Energy Ltd

Price: 0.068 AUD

ASX:PEN
Market: ASX
Market Cap: $59.98 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Peninsula Energy Ltd named herein, including the promotion by the Company of Peninsula Energy Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Peninsula Energy begins capital raise looking to bring in just over 40...

Peninsula Energy (ASX: PEN) Managing Director Wayne Heili joined Steve Darling from Proactive Vancouver to share news the company has started a capital raise that looks to bring in just over 40 million dollars. Heili talks about how shareholders are getting the first crack at this financing...

3 weeks, 6 days ago

2 min read