RCF VI holds 840 million through a placement priced at $0.02 per share to raise $16.8 million. This is part of a broader $69.4 million fully underwritten institutional funding.
Proceeds from the funding will be used to complete construction of Stage 1 of the Lance Uranium Projects in Wyoming, commence uranium production and achieve positive cashflow in the second year.
Peninsula has also completed the $23.9 million accelerated institutional component of its renounceable entitlement offer and will raise a further $28.7 million will be raised through the retail entitlement offer.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.