Ripe to launch, page-121

In 2020, Congress established the strategic Uranium Reserve as a 10-year DOE program with $75m US allocated. In December 2022, DOE awarded 5 contracts to directly purchase US-mined yellowcake U308 from 5 US Miners - 1 being Peninsula Energy (PEN) - for a total of 1.1 million lbs. The program then went into hibernation due to lack of funding.

Inside the recently passed US Nuclear Fuel Security Initiative Senate Bill is the US's aim to ensure the availability of domestically produced U308 through the expansion and re-opening of the Uranium Reserve program. The US will expand, maintain, replenish, diversify, or increase the quantity of uranium made available domestically with this program

Going back to PEN's contract agreement announcement in 2022, they agreed to supply 300,000 pounds of US U308 to the Uranium Reserve.
Assuming a contract equal to this quantity (hopefully more) is reinstated (at a spot price of $100 US) that is US 30 MILLION $$$ contract for PEN.

This Contract's supply of consistent cash flow coupled with PEN's 50 Million US Cash and Cash Equivalents in Bank totals 123.32 million AUD available and is a great indicator for times ahead, especially considering PEN's MC of 233 AUD.