Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) CEO Wayne Heili tells Proactive the company is adopting an accelerated plan for in-house resin processing and dry yellowcake uranium production, aiming to become a fully independent end-to-end producer of the partially refined ore. This strategic shift is in response to the termination of its resin processing agreement with Uranium Energy Corp (UEC). By implementing these capabilities from the start of production, Peninsula will have greater independence and can execute its business plan of expanded uranium production without relying on external services.
Peninsula Energy to emerge stronger with shift to in-house production
