Peninsula gains Lance trial funding

URANIUM producer Peninsula Energy has successfully raised A$7 million via a placement to fund a 6-9 month trial at its Lance in-situ recovery project in Wyoming, and is now seeking a further $2.1 million via an entitlement offer.

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Peninsula has funding for Lance.

Euroz Securities and Canaccord Genuity are also managing the renounceable offer, which is priced at 16.5c, the same level as the placement, a 15% discount to the 30-day average price.

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