Peninsula Energy commences low pH uranium recovery field demonstration
The company is changing how it mines uranium from its Lance Projects.
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 signs new toll milling deal on more favourable commercial terms
The new agreement allows Peninsula to defer the requirement to invest near term capital in additional uranium processing at the Lance Projects.
Peninsula Energy’s test work confirms effectiveness of low pH uranium recovery process
Column leach tests have now been completed on core samples obtained from several diverse areas of the Lance Projects.
Peninsula Energy makes progress in advancing low pH regulatory review process
This approval marks a major progress towards implementing the use of low pH solutions at the Lance Projects.
Peninsula Energy in trading halt with news of uranium low pH permit amendment pending
The halt will remain until Thursday, November 29, or when an announcement is released to the market.
Peninsula Energy director shows faith in uranium strategy through on-market purchase
Non-executive director Mark Wheatley has this week acquired shares valued at more than $10,000.
Peninsula Energy’s managing director adds to shareholding, brings total interest to nearly $243,000
The company is conducting a low-pH chemistry field leach trial which is expected to reduce production costs.
Peninsula Energy notes production successes ahead of start to uranium extraction trials
The company hopes to reduce its production costs with a shift in chemistry.
Peninsula Energy secures approval to begin low pH uranium recovery process trial
Preparation work for the field leach trial is being conducted on site and the trial is expected to commence in late 2018.
Peninsula Energy achieves quarterly increase in uranium production at Lance Projects
Guidance for the financial year ending June 30, 2019 remains unchanged at 90,000 to 110,000 pounds.
Peninsula Energy welcomes change in Wyoming’s uranium regulatory framework
The company is now transitioning to low-cost, low-pH uranium operations at the Lance projects in Wyoming, US.
Peninsula Energy managing director and CEO buying shares
The company recently received positive results from a feasibility study.
Peninsula Energy feasibility study results confirm new low-cost uranium operation
The study highlights strong leverage to the uranium price with downside protection.
Peninsula Energy stands to benefit from US government uranium investigation
Two US miners have called for 25% of US uranium to be sourced domestically.
Peninsula Energy quarterly production from Lance projects exceeds expectations
A production transition is set to lower costs and preserve in-situ pounds for future extraction.
Peninsula Energy to benefit from rising uranium price post Global X rebalance
The Global X Uranium ETF is no longer a substantial holder.
Peninsula Energy shares ride higher following successful block trade
The company's shares are trading about 12% higher intra-day, at 28 cents.
Peninsula Energy outlines efficient transition strategy to low pH operations
The transition to low pH operations will substantially lower production costs.
Peninsula Energy confirms withdrawal from Karoo to focus on Lance Uranium Project
Unlike Karoo, Lance is a producing asset which is driving earnings even in a low uranium price environment.
Peninsula Energy's US$50 per pound uranium sales contracts to 2030 generate cash while low pH operations gain approval
Daily uranium production rates increased from 427 pounds to 485 pounds during the March quarter.