OREMAVEN
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2026-11-06
◂ Monitor PEN ASX

Peninsula Energy Limited

Ramping Producer · Uranium · United States · South Africa Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.2
1D
—
1M
—
YTD
—
1Y
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Upside
Locked: sign in to view
Mkt cap
A$114.3M
EV
A$80.9M
Cash
US$22.1M
Debt
US$0
7 newer ASX announcements not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash US$22.1M Finite
Debt US$0 Net cash US$22.1M
Basic shares 571.5M 2026-07-16
Runway 1.9 quarters Appendix 5B calculation based on June-quarter operating outflow, before the subsequent US$30 million note drawdown.

Liquidity

Financial position

US$22.1 million quarter-end cash was supplemented by the US$30 million note drawn on 15 July, but the 13.5% coupon and continuing ramp-up burn create material funding and dilution risk. The September secondary impairment report describes no immediate cash effect; no post-June cash statement is available.

Inventory composition3

Physical U3O8 inventory is reported by process location; no issuer valuation was disclosed in the quarter.

U3O8 pounds in processing circuit
— carrying · 16,547 lb U3O8
Dry yellowcake drummed at Lance site
— carrying · 17,385 lb U3O8
Dry yellowcake drummed at converter
— carrying · 530 lb U3O8

Capital structure

Ownership and dilution

Ordinary shares
571.5M
Fully diluted
743.6M

The 3 July Appendix 2A reports 571,527,409 quoted ordinary shares. Fully diluted shares add disclosed options, warrants, rights and the note's indicative 119,047,619 conversion shares; deferred ordinary shares are excluded because they are a non-economic deferred class. No later ordinary issue was verified through the cutoff; September unquoted-security notices remain a dilution-quantity evidence gap.

Security classes9
ClassTypeQuantityStrikeExpiry
ASX-quoted ordinary fully paid sharesOrdinary Share571.5M——
Options expiring 1 October 2028, exercise price A$0.45Option4MA$0.452028-10-01
Options expiring 1 October 2028, exercise price A$0.60Option4MA$0.62028-10-01
Warrants expiring 30 September 2030, exercise price A$0.45Option24.1MA$0.452030-09-30
Detachable Soul Patts warrantsOption10.8MA$0.5252031-07-15
KMP options expiring 26 November 2027, exercise price A$6.00Option205KA$62027-11-26
Service rights convertible one-for-onePerformance Right2.7MA$0—
Performance rights convertible one-for-one subject to vestingPerformance Right7.1MA$0—
US$30 million secured convertible note, indicative 119,047,619 conversion sharesConvertible119MA$0.352029-07-15

KPI history

Operating metrics

Source values by period
Operating metric source table3
MetricProjectPeriodPeriod typeValueStatus
ProductionLanceJune 2026 quarterQuarter13,889 lb U3O8 captured on resinReported
SalesLanceJune 2026 quarterQuarter10,066 lb U3O8Reported
GradeLanceMay-June 2026Other55 mg/L U3O8 midpointAnalyst Derived
Company guidance2
MetricProjectPeriodLowHighStatus
ProductionlanceCY2026400,000500,000 lb U3O8Withdrawn
ProductionlanceCY2027500,000600,000 lb U3O8Current

Capital history

Capital events

3 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-06-25DebtPen Ordinary Fully PaidUS$4.2M21.1MUS$0.29CompletedFinal conversion reduced Davidson Kempner facility debt to nil.Max 21.1M · Period 2026-06-25 to 2026-06-25 · Adare Finance Designated Activity Company nominee
2026-06-12Ann. 2026-05-14RaisingPen Ordinary Fully PaidA$36M103.1MA$0.35CompletedPlacement and accelerated non-renounceable entitlement offer completed in institutional and retail tranches.Max 103.1M · Period 2026-05-14 to 2026-06-12 · Canaccord Genuity and Shaw and Partners
2026-07-15Ann. 2026-05-14DebtSenior Secured Convertible NoteUS$30M—US$0.35OngoingUS$30 million senior secured note drawn after shareholder approval; fixed 13.5% coupon and potential conversion.Max 119M · Period 2026-07-15 to 2029-07-15 · SP Financing 1 Pty Limited, a Soul Patts affiliate · Holder approval required

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Partial · as of 2026-09-25

The 2025 annual report establishes the surviving uranium sales contract and terminated five others; contract counterparty, exact price formula and exit payment are not disclosed.

One remaining 600,000 lb uranium sales agreement binds 2028-2033 deliveries; price is blended and the issuer has a paid exit option.

Offtake · Active
Counterparties
Undisclosed utility customer
Applies to
Lance Uranium Project · Uranium
Economic direction
Mixed
Period
Through 2033-12-31; start date not stated
Key terms
Total scheduled delivery: 600,000 lb U3O8
Annual scheduled delivery: 100,000 lb U3O8/year
Pricing: Blended escalated base and market-linked
Early termination right: On or before 31 December 2027 for payment
How it affects our valuation

No valuation treatment is available for this arrangement.

Five of six historical sales contracts were terminated by July 2025; their compensation was paid and their future delivery obligations removed.

Offtake · Terminated
Counterparties
Multiple undisclosed utility customers
Applies to
Lance Uranium Project · Uranium
Economic direction
Burden
Period
From 2025-07-28; no end date stated
Key terms
Contracts terminated: 5 contracts
Total compensation: 6,600,000 USD
How it affects our valuation

This arrangement has ended; no current valuation treatment is required.