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Peninsula Energy Ltd

Peninsula Energy obtains key regulatory approval for low-pH uranium extraction

Peninsula Energy Ltd (ASX:PEN) chief executive officer Wayne Heili speaks to Proactive Investors about the uranium company receiving the first of two key regulatory approvals for low-pH uranium extraction.
 
The company is the only ASX-listed US producer of uranium, based in Wyoming, and has started a new pilot phase at its Lance Projects to assist productivity and reduce costs.
 
The transition from an alkaline-based chemistry to a low-pH-based chemistry for the lixiviant, or medium, Peninsula uses to leach uranium from ore is expected to help it reach the lower end of the cost curve and improve the attractiveness of its project.

Quick facts: Peninsula Energy Ltd

Price: $0.18

Market: ASX
Market Cap: $44.94 m
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Peninsula Energy Ltd insulated from the challenging uranium price

Gus Simpson, managing director of US-focused uranium miner Peninsula Energy Ltd (ASX:PEN), brings Proactive Investors up to date on the company’s progress in the USA, where the company recently started production. The company is still in the ramp-up period, but the important thing is it has...

on 29/11/16

2 min read