Sign up Australia
Proactive Investors - Run By Investors For Investors

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.
Lance projects central processing plant
Lance projects central processing plant

Peninsula Energy Ltd (ASX:PEN) is set to gain from the formalisation of the state of Wyoming’s new Agreement State status, effective October 1, 2018.

READ: Peninsula Energy quarterly production from Lance projects exceeds expectations

With this change to Agreement State status, the Wyoming Department of Environmental Quality (WDEQ) takes primacy over the regulation of Source and By-product Material Licenses (SML) in Wyoming.

These SML regulations were previously overseen by the US Nuclear Regulatory Commission (NRC).

The WDEQ will now be responsible for permitting and inspecting all uranium recovery operations in Wyoming, ensuring that operators maintain the highest standard for protection of public health and the environment.

READ: Peninsula Energy managing director and CEO buying shares

Peninsula managing director and chief executive officer Wayne Heili said: “The formalisation of Wyoming’s Agreement State status is the culmination of a process that commenced back in 2015 and it represents good news for Peninsula and Strata.

“We appreciate the support of Wyoming Governor Mead, the State Legislator and the hard work of the WDEQ in this initiative to enhance the regulatory environment for uranium recovery in the State.

“Our team looks forward to working with the WDEQ under this streamlined regulatory framework.”

READ: Peninsula Energy feasibility study results confirm new low-cost uranium operation

With Peninsula now transitioning to a low pH operation at Lance, the two most significant amendments to the existing licenses are the Permit to Mine (PTM) issued by the WDEQ and the SML, which will now also be administered by the WDEQ.

Under the new agreement, permitting of new projects, expansions or license renewals and amendments will be conducted almost entirely by the WDEQ going forward.

Prior to this State-NRC agreement, permitting of uranium recovery facilities in Wyoming was largely duplicated by state and federal agencies.

The Agreement State approach is designed to eliminate this duplication, resulting in more efficient regulatory processes for the State of Wyoming and its uranium producers alike.

View full PEN profile View Profile

Peninsula Energy Ltd Timeline

Related Articles

Signpost saying Nevada
March 28 2018
The near-term transition of the Eureka Gold Project to a cash-generating asset will be a major milestone for Tyranna.
drill intersection
October 02 2018
West Musgrave Project is the largest undeveloped nickel-copper project in Australia.
1510744989_Tin-ingots.jpg
July 13 2018
AfriTin listed on AIM with plans to position itself as the African tin champion

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use