Uranium junior Peninsula Energy has secured $15-million in funding through convertible loan agreements with shareholders Resources Capital Fund VI (RCF VI) and Pala Investments to fund the expansion of its Lance project, in the US.
The company said on Tuesday that the $15-million funding was the first component of a broader funding package which would also include a revenue streaming facility, for which a term sheet has been signed and due diligence was currently under way.
