ASX-listed Peninsula Energy has signed a binding purchase agreement with UG USA over 400 000 lb of uranium oxide for delivery in 2021.
Peninsula currently has 450 000 lb of uranium oxide already committed for sale in 2021, with the company on Tuesday telling shareholders that the latest purchase agreement underpin a forecast net cash margin of between $6-million and $8-million on uranium sales for the next year, based on the difference between the purchase pricing and the sales price.