Peninsula Energy Limited announced that it has entered into multiple binding purchase agreements to procure natural uranium concentrates ("U3O8") sufficient to meet the entirety of its calendar year 2022 committed sales of 450,000 pounds U3O8. When combined with the existing calendar year 2021 purchase agreements this secures a forecast net cash margin of USD 7 million to USD 8 million on uranium sales in CY2021 and USD 8 million to USD 9 million on uranium sales in CY2022. The forecast net cash margin is based on the difference between the fixed purchase price and the likely sales price based on customer agreements. The price to be paid under the purchase agreements is confidential but closely aligned with market reported prices of U3O8 for similar future deliveries. The agreed purchase pricing is fixed and is not subject to any form of escalation or future adjustment.