Company
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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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
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
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.
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.
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
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
The uranium producer will purchase nearly half a million pounds of natural uranium concentrate through until the end of next year to meet demand.
This information will be invaluable as the company progresses the Lance Project toward a return to commercial production.
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.
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.
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.
Trading on the OTC market will provide a reliable platform and opportunity for North American investors to become shareholders in Peninsula.
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.
The uranium reserve is being established as a manifestation of this administration’s stated priority of preserving existing assets of US nuclear infrastructure.
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.
Uranium inventories are being drawn down due to production curtailments from key producers Kazatomprom and Cameco.
The US will establish a national strategic uranium reserve after a bipartisan bill was passed by the US Senate.
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.
The company is focused on applying a low pH extraction process to transition Lance into a significant, low-cost, long-life uranium operation.
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.
