Peninsula Energy Limited
(ASX:PEN) says it has entered into a long term sale agreement with a major European utility.
The deal is for the sale and purchase of 4 million pounds of uranium compound over ten years beginning at the end of 2020.
The contract comes after several years of negotiations and due diligence on Peninsula and its projects. The deal will underpin stage 2 production for the miner.
Peninsula reported a net loss of $5.345 million for the 2015 financial year.
