Peninsula Energy Ltd (ASX:PEN) is a uranium producer from its Lance Projects in the U.S., and under a recent management transition process, Wayne Heili was appointed managing director and chief executive officer.
Heili is approaching his six-month anniversary and the board has recognised this contribution by resolving to grant 900,000 unlisted $0.50 options which will vest in equal proportions over a 3 year period.
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Peninsula‘s wholly-owned subsidiary Strata Energy Inc. began in-situ uranium recovery operations from the Ross Permit Area at Lance in December 2015.