Overview of Peninsula Energy's latest announcement

Peninsula Energy Limited (ASX: $PEN) has announced the signing of a new sales agreement for the supply of uranium yellowcake through its subsidiary Strata Energy Inc. The agreement entails selling 1.2 million pounds of uranium over a 6-year period starting in 2028 to the European nuclear fuel buyer Synatom, subject to concurrence by the European Supply Agency (Euratom). The pricing structure includes both base price (escalated) and market-priced components, projected to generate gross revenue between US$88 million and US$117 million over the term.

Executive commentary on the new sales agreement

The strength of the uranium market dynamics has allowed Peninsula to consider adding sales commitments with improved pricing structures to our sales portfolio. This new long-term agreement adds financial security to our uranium production facilities while capitalizing on the current robust price environment. We are pleased to be establishing this relationship with another significant utility customer.

Summary of Peninsula Energy's latest announcement

Peninsula Energy Limited (ASX: $PEN) has strengthened its sales contract portfolio by signing a new agreement for the supply of uranium yellowcake to the European nuclear fuel buyer Synatom. The 6-year sales agreement, subject to concurrence by the European Supply Agency (Euratom), is projected to generate gross revenue between US$88 million and US$117 million over the term. The Company's total contractual sales obligation over the upcoming 10-year period is 6.0 Mlbs, with projected production levels of approximately 14.8 Mlbs of uranium during the same period. The Managing Director and CEO, Wayne Heili, highlighted the financial security and the opportunity to capitalize on the current robust price environment through this new agreement. Peninsula aims to establish itself as a fully independent end-to-end producer of yellowcake, playing a significant role in creating a clean energy future.