Peninsula Energy Ltd's (ASX:PEN) substantial shareholder, Global X Management Company, has increased its stake in the company to 9.94% from 8.64%.
Peninsula is producing uranium from the Lance ISR Project in the U.S. state of Wyoming.
Wyoming is a premier uranium extraction jurisdiction, hosting multiple ISR operations.
READ: Peninsula Energy records positive quarterly operating cash flow
Peninsula continues to take advantage of the current low uranium price environment by purchasing uranium to meet commitments under certain term contracts.