Company
Peninsula Energy Ltd
ASX:PEN
Peninsula Energy Ltd is one of the few ASX-listed uranium companies providing US production and direct market exposure. The company's 100% owned Lance Projects in Wyoming has re-commenced production operations in December 2024 and will continue ramping up the production rate in 2025 in coordination with the commissioning of a complete central processing plant facility.
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Peninsula Energy approaching final investment decision at Lance Uranium: Shaw and Partners
Peninsula generated a revenue of US$10.8 million in the September quarter on the sale of 200,000 pounds of uranium at US$54.15/pound pursuant to a long-term contract.
Peninsula Energy’s definitive feasibility study positions Lance projects as globally competitive ISR uranium operations
“Importantly, the findings have re-affirmed that Peninsula possesses a globally competitive uranium production centre at the Lance projects and that the pathway back to production for Lance is well defined and low risk," MD and CEO Wayne He
Peninsula Energy consolidates North American focus with experienced board appointee
“Brian [Booth] brings extensive North American mining and capital markets experience and an impressive history of successfully guiding and leading companies through the mining lifecycle," says chairman John Harrison.
Peninsula Energy secures key licence amendment for Lance uranium property
Peninsula aims to transform its Lance Project into the only commercial, low-pH, uranium in-situ recovery (ISR) operation in the United States.
Peninsula Energy says Uranium Royalty Corp acquisition proves strength of Lance Projects and uranium markets
URC’s management team and board include individuals with decades of combined experience in the uranium and nuclear energy sectors.
Peninsula Energy initiates update to Low-pH Feasibility Study on Lance Project in Wyoming
The updated study is expected to be completed in the third quarter of 2022 and will incorporate results and conclusions from technical de-risking activities, including the recently completed MU1A field demonstration.
Peninsula Energy kicks off preparatory works to accelerate restart at flagship Wyoming Uranium Project
"We want to position Lance for the best opportunity to resume commercial production operations quickly, efficiently, and successfully, in the event that a final investment decision to restart the project is made in the coming year,” said MD
Travel stocks rejoice on news that international borders will reopen, however markets underestimate earnings
"With this profit season capturing the Omicron lockdown months of December and January, we expect the skew towards downgrades to continue throughout February," UBS equity strategist Richard Schellbach said.
Peninsula Energy gains uranium and management expertise with new director appointment
“We are thrilled to welcome someone of Rachel’s calibre to the Peninsula board. Rachel is a highly regarded professional with commercial acumen and excellent uranium experience having played a key role on the development of the Honeymoon IS
Peninsula Energy successfully concludes Lance Uranium Project low-pH field demonstration operations
“Over the past 16 months, operation of the field demonstration has delivered valuable results as we consider progressing the Lance Project toward a return to production. We can now compile and evaluate the site-specific data into the format
Australia has an abundance of uranium, so why isn’t it in the net-zero equation?
“From a safety point of view, nuclear is now one of the safest footprints and from an emissions standpoint, it is extremely low to zero. The plants can run for very long periods. There are many arguments for, but the longer Australia waits
Peninsula Energy delivers meaningful and valuable results from ongoing Lance low-pH field demonstration
The field demonstration has been operating for more than a year with target flow and solution chemistry achieved and maintained while key learnings include well pattern configuration criteria.
Peninsula Energy's low-pH in-situ field demonstration yields further improved uranium results
Field operations have run consistently and the response has indicated favourable trends with no further field layout adjustments required.
Peninsula Energy director demonstrates confidence in uranium strategy through SPP participation
Net proceeds of the recent SPP will be used to settle the purchase of 300,000 pounds of natural uranium concentrates which the board believes is strategically aligned with preparations for the company’s flagship Lance Project to transition
Peninsula Energy swamped by response to SPP, raising A$2 million to fund physical uranium purchase
Net proceeds will be used to settle the purchase of 300,000 pounds of natural uranium concentrates which the board believes is strategically aligned with preparations for the company’s flagship Lance Project to transition to low pH ISR oper
Peninsula Energy secures commitments for A$15 million equity raising for uranium purchase
The placement and SPP will fund the purchase of 300,000 pounds of uranium at a price of US$31.35 per pound, a strategic purchase that will assist the company as it transitions the Lance Project in Wyoming to a low pH ISR operation.
Peninsula Energy in trading halt with capital raising news pending
The company is the only ASX-listed uranium company that has the immediate ability to take advantage of US Government programs supporting domestic uranium production.
Peninsula Energy progresses low-pH field demonstration at Lance Uranium Project in US
The field demonstration of low-pH In-Situ Recovery has been flexibly designed to generate comprehensive site-specific data on the influence of certain development and operational parameters ahead of a final investment decision to restart pr
Peninsula Energy's low-pH field demonstration test adjustments for Lance Project deliver encouraging results
A field demonstration of low-pH In-Situ Recovery (ISR), which started in August 2020, is designed to provide key data on pattern configurations, pH adjustment, acid consumption and oxidants ahead of a decision to restart production at the L
Peninsula Energy’s uranium book expected to deliver US$8-9 million net cash margin in 2022
The uranium producer will purchase nearly half a million pounds of natural uranium concentrate through until the end of next year to meet demand.
Peninsula Energy continues to collect key data from MU1A low-pH field demonstration at flagship Lance Project in Wyoming, US
This information will be invaluable as the company progresses the Lance Project toward a return to commercial production.
Peninsula Energy upgraded to OTCQB Venture Market following strong trading volumes
Ongoing cashflow has been generated through Peninsula’s strong, long-term existing contract book – with a net cash margin from sales of US$1.4 million realised in the December 2020 quarter.
Peninsula Energy uniquely placed as uranium junior with long term sales extending until 2030
The company is also the only ASX-listed uranium company that has the immediate ability to take advantage of US government programs supporting domestic uranium production.
Peninsula Energy continues to progress Lance Project development
Ongoing cashflow has been generated through Peninsula’s strong, long-term existing contract book – with a net cash margin from sales of US$1.4 million realised in the December 2020 quarter.
Peninsula Energy welcomes North American investors as it begins OTC market trading
Trading on the OTC market will provide a reliable platform and opportunity for North American investors to become shareholders in Peninsula.
Peninsula Energy is positioning for a uranium recovery: Canaccord Genuity
In August, the US Democrats endorsed nuclear energy for the first time in 48 years as part of its 'technology-neutral' approach to decarbonising the power sector.
Peninsula Energy shares rise after Trump approves budget funding for US strategic uranium reserve
The uranium reserve is being established as a manifestation of this administration’s stated priority of preserving existing assets of US nuclear infrastructure.
Peninsula Energy set to benefit from US Congress approval to fund establishment of US Strategic Uranium Reserve
Only a handful of companies will be able to supply material into the Uranium Reserve and Peninsula is the only ASX-listed company with immediate exposure to this opportunity.
Peninsula Energy’s uranium project has key advantages as sector renaissance is underway: Shaw and Partners
Uranium inventories are being drawn down due to production curtailments from key producers Kazatomprom and Cameco.
Uranium stocks on the move as US Senate approves reserve bill
The US will establish a national strategic uranium reserve after a bipartisan bill was passed by the US Senate.
Peninsula Energy flagship project set to take advantage of positive US uranium market outlook
There is an extremely low capital requirement for restart of the Lance Project, and a six-month pathway to production following a Final Investment Decision.
Peninsula Energy debt free and well-funded for rapid restart of Lance Uranium Project
The company is focused on applying a low pH extraction process to transition Lance into a significant, low-cost, long-life uranium operation.
Peninsula Energy completes Lance Uranium Project laboratory tests as pre-development activities ramp-up
The laboratory tests also confirm that low-pH solutions with oxidant can extract uranium from un-mined areas at rates consistent with the 2018 feasibility assumptions.
Peninsula Energy's 2021 contracted uranium sales will deliver cash margin of US$6-8 million
The latest purchase agreement underpins Peninsula’s forecast net cash margin of US$6 million to US$8 million on uranium sales for next year.
Peninsula Energy appoints experienced uranium executive to chief financial officer role
The company is embarking on a project transformation initiative at the Lance Projects in Wyoming, USA to change from an alkaline ISR operation to a low pH ISR operation.
Peninsula Energy confirms strong director support for $40.3 million entitlement offer
The entitlement offer has allowed Peninsula to repay its existing debt in full, leaving the company cashed-up and in a strong position to pursue its uranium production re-start strategy in the US.
Peninsula Energy repays term debt in full ahead of schedule
PEN has “a production re-start ready mine, long-term uranium sale contracts, direct exposure to the proposed US Government uranium buying program and a clean balance sheet”.
Peninsula Energy completes $40.3 million entitlement offer to advance Lance Uranium Project
The company has started early preparation activities for the planned transition to low pH operation at the Lance Uranium Project in Wyoming, USA.
Peninsula Energy to host briefing session regarding $40.3 million entitlement offer
The raising means the company will be well-positioned to continue low pH transformation activities and to prepare for restart of its flagship Lance Uranium Project.
Peninsula Energy in transformational $40.3 million equity raising to support future low pH uranium operations
The raising means the company will be well-positioned to continue low pH transformation activities and to prepare for restart of its flagship Lance project.
Peninsula Energy in back-to-back trading halts with capital raising news pending
The US strategy released in April recognises that national security is truly integrated with the health of the front-end of the nuclear fuel cycle and will support the domestic supply of uranium.
Peninsula Energy says new US report "a very good outcome for all US uranium producers"
The US strategy recognises that national security is truly integrated with the health of the front-end of the nuclear fuel cycle and will support the domestic supply of uranium.
Peninsula Energy secures key approval for US project as uranium price rises 29% this year
Recent supply shocks have caused USD uranium price to surge almost 29% since the start of 2020, rising from US$24.85 to $32 per pound.
Peninsula Energy shares rise after selling US$4.1 million worth of uranium in March
Peninsula shares are trading about 9% higher intra-day after selling a total of 116,000 pounds uranium in March at an average realised cash price of about US$35 per pound.
Peninsula Energy streamlines operations as it progresses uranium project in the US
The primary focus of activities at the Lance Project this year is on the low pH de-risking and optimisation program.
Peninsula Energy raises $2 million from rights issue and shortfall placement
The company’s Lance Project in the US is a uranium mine that is in the process of changing its uranium extraction technique to low pH in-situ recovery (ISR).
Peninsula Energy welcomes US President’s request to allocate US$150 million for uranium purchases
Peninsula’s Lance Project in Wyoming is ready to provide uranium to help meet the strategic needs of the US.
Peninsula Energy secures $940,000 in rights issue
The company can raise up to $2.08 million in total by placing the shortfall from the offer within three months.
Peninsula Energy completes final step for authorisation to new uranium recovery method
The Lance Project is a uranium mine that is in the process of changing its uranium extraction technique to low pH in-situ recovery (ISR).
Peninsula Energy gives shareholders more time and extends rights issue
Eligible shareholders can apply for 1 new share priced at 16.5 cents for every 20 shares they own at the record date.
Peninsula Energy raises $7 million from share placement; $2.1 million offer to open next month
Proceeds from the institutional placement and the entitlement offer will be used for ongoing site operational costs and low pH de-risking and optimisation activities at the Lance Projects in the US.
Peninsula Energy in trading halt with capital raising news pending
The halt will remain until Friday, November 27, or when an announcement is made to the market.
Peninsula Energy executes agreements for debt restructure
The amending deeds have been executed with remaining formal documentation hoping to be executed before calendar year-end.