Peninsula Energy invites shareholders to information sessions during November
Peninsula continues to advance the transition of its Lance Projects in Wyoming, USA, from an alkaline ISR operation to a low pH ISR operation.
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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Peninsula continues to advance the transition of its Lance Projects in Wyoming, USA, from an alkaline ISR operation to a low pH ISR operation.
A partial contract monetisation is expected to generate US$10-11 million to pay down debt.
It is a significant milestone for the company to receive regulatory confirmation of the successful demonstration of low pH in-situ recovery at Lance.
The company is preparing a report on the progress of its proposal to transition its Lance Projects in the US to a low pH ISR operation.
The company is now preparing a report following the completion of initial mining and restoration phases.
Peninsula now holds the advantage of being the only company operating in the US that is authorised to utilise this proven and effective uranium recovery method.
Euroz has valued Peninsula at 55 cents per share with a price target of 60 cents per share.
President Trump has decided not to impose quotas on uranium import to the US under Section 232.
The company is in advanced negotiations to sell a portion of its interest in an existing long-term uranium concentrate sale agreement.
President Trump will make a decision next month on actions to take regarding the nation’s excessive reliance on foreign sources of uranium.
With the drafting of a supportive State Decision Document, Peninsula continues to progressively advance its key objective.
Investments and investor services
The Sydney-based investor hold 24 million shares for a 9.71% stake in the US uranium producer.
The Department of Commerce has completed its investigation into the effects of high levels of uranium imports on US national security interests.
The low pH plan aims to align the operating performance and cost profile of the Lance Projects with industry-leading global uranium production projects.
The Australian USA-uranium producer is targeting lower cost extraction methods at its project.
This is a significant regulatory milestone in Peninsula’s transition to a low pH uranium recovery operation at the Lance Projects.
The transition to low pH operations at the Lance Projects is expected to enhance recovery and lower operating costs.
The i-body technology platform of AdAlta is initially focused on treating fibrotic diseases, such as IPF.
New York-based HC Wainwright & Co Equity Research has reiterated its buy rating for Peninsula.
In December 2018, Peninsula signed a new five-year uranium toll milling agreement with its existing toll milling service provider.