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Peninsula Energy signs more uranium sales contracts
Peninsula Energy (PEN.AX) has signed an additional sales agreement which requires the company to deliver 1.2 million pounds of uranium to Synatom, a Belgium-based outfit. The 1.2 million pounds will be delivered over a six year period, starting in 2028, and the pricing will include a base price with some market-price related components. According to the company, the gross revenue of this sales contract will be US$88-117M which represents a price of $73-97.5 per pound which should result in a substantial operating margin for Peninsula as the anticipated production cost on the Lance uranium project in Wyoming is ... (full story)