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Peninsula Energy awaits uranium decision from US President Trump

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

Quick facts: Peninsula Energy Ltd

Price: 0.205 AUD

Market: ASX
Market Cap: $51.18 m

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Peninsula Energy reviews highlights of the September quarter

Peninsula Energy Ltd (ASX:PEN) managing director and CEO Wayne Heili outlines the achievements made by the uranium producer during the quarter. The producing Lance Projects in Wyoming are expected to be the first US uranium ISR project authorised to use an industry-leading method, which will...

2 days, 7 hours ago

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