logo-loader

Peninsula Energy awaits uranium decision from US President Trump

Published: 05:58 03 Jul 2019 BST

Peninsula Energy Limited (ASX:PEN) chief executive officer Wayne Heili tells Proactive Investors that an important Section 232 Uranium mining decision is expected later this month from US President Trump that could have a substantial impact on the company.

The US Department of Commerce has completed and submitted its report to the White House on the investigation into the effects of uranium imports on national security.

The remedies proposed were to preserve US national security and to help the domestic uranium mining industry recover from years of low pricing.

Heili says Peninsula Energy is looking forward to the President’s response to provide more certainty for the company’s future direction

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