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 Ltd adds fifth uranium sale contract for Lance projects
The fifth sales contract provides additional security to future revenue and potentially de-risks expansion plans. The average price compares favourably to the US$45 per pound of U3O8 weighted average delivered price achieved over the past d
Peninsula Energy Ltd signs uranium contract with European utility
The contract comes after several years of negotiation and extensive due diligence. The agreement provides certainty of sale and a committed revenue stream.
Peninsula Energy has high grade uranium hits in South Africa
Re-logging is occurring in areas at Karoo that are outside the existing JORC resource of 56.9 million pounds of uranium defined in 2014. This should contribute to an increase in the resource base at Karoo.
Peninsula Energy uranium production exceeding expectations
Peninsula Energy has charted encouraging progress in the ramp-up of its Lance uranium project in the U.S., with a number of technical metrics either in line with or exceeding expectations and contributing to a view that operational costs wi
Peninsula Energy makes first uranium delivery in industry landmark
Peninsula Energy has completed its first uranium delivery to a U.S. utility, cementing the company’s presence in a growing low-emission energy sector as an operational ramp-up and a pending North American stock exchange listing promis
Peninsula Energy reveals high-grade uranium at Karoo in South Africa
Rietkuil is 40 kilometres west of Beaufort West at Peninsula’s Karoo Projects in South Africa. Peninsula said that results from all blocks investigated to date have demonstrated very high grade mineralisation at shallow depths.
Peninsula Energy bags $15M from Investec ahead of uranium production
A new US$15-million financing deal with Investec Bank for Peninsula Energy’s Lance uranium project in the U.S. is set to support the company for two years as the newly approved operation rumbles toward cashflow generation in 2016.