Peninsula trims debt as lender backs equity swap for US uranium project

Peninsula Energy Limited converted US$4.1 million of debt into equity on October 10, reducing its outstanding debt to US$4.2 million. The company issued approximately 19.8 million new shares at A$0.30 each, aligning with its equity raise strategy. This significant debt reduction enhances Peninsula's financial position as it moves towards full production at its Lance uranium project in Wyoming.

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Summary by Glance · Original reporting by The Age