Clayton Utz is advising ASX-listed uranium miner Peninsula Energy Ltd (ASX:PEN) on its A$69.4 million equity and debt funding, to enable Peninsula to complete stage 1 construction and commence production at its Lance ISR projects in Wyoming.

The funding arrangements include a A$16.8 million institutional placement, a A$52.6 million accelerated renounceable entitlement offer and a US$15 million debt facility.

The Clayton Utz team is led by Perth corporate partner Matthew Johnson and senior associate James Clyne.