viewPeninsula Energy Ltd

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 incorporate a low pH process.

During the quarter an Interim Operation Report that summarises the results of a field demonstration was finalised for submission to the Wyoming Department of Environmental Quality (WDEQ). Notably, the commencement of commercial-scale low pH operations in Mine Units 1 and 2 can begin upon acceptance of the report.

Peninsula has also started optimisation and de-risking activities, which are expected to complete during the first half of calendar year 2020.

Quick facts: Peninsula Energy Ltd

Price: 0.065 AUD

Market: ASX
Market Cap: $57.34 m

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Peninsula Energy begins capital raise looking to bring in just over 40...

Peninsula Energy (ASX: PEN) Managing Director Wayne Heili joined Steve Darling from Proactive Vancouver to share news the company has started a capital raise that looks to bring in just over 40 million dollars. Heili talks about how shareholders are getting the first crack at this financing...

on 9/6/20

2 min read