Peninsula Energy invites shareholders to information sessions during November
Peninsula continues to advance the transition of its Lance Projects in Wyoming, USA, from an alkaline ISR operation to a low pH ISR operation.
Company
Peninsula Energy Ltd
ASX:PEN
Peninsula Energy Ltd is one of the few ASX-listed uranium companies providing US production and direct market exposure. The company's 100% owned Lance Projects in Wyoming has re-commenced production operations in December 2024 and will continue ramping up the production rate in 2025 in coordination with the commissioning of a complete central processing plant facility.
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Peninsula Energy to strengthen balance sheet with debt restructure
A partial contract monetisation is expected to generate US$10-11 million to pay down debt.
Peninsula Energy gets approval for Lance Uranium Projects interim operations report
It is a significant milestone for the company to receive regulatory confirmation of the successful demonstration of low pH in-situ recovery at Lance.
Peninsula Energy in trading halt ahead of news on convertible note facility restructure
The company is preparing a report on the progress of its proposal to transition its Lance Projects in the US to a low pH ISR operation.
Peninsula Energy has success in low pH field demonstration phases
The company is now preparing a report following the completion of initial mining and restoration phases.
Peninsula Energy passes major milestone by securing low pH mining approval
Peninsula now holds the advantage of being the only company operating in the US that is authorised to utilise this proven and effective uranium recovery method.
Peninsula Energy secures speculative buy recommendation from Euroz Securities
Euroz has valued Peninsula at 55 cents per share with a price target of 60 cents per share.
Peninsula Energy focused on completing the low pH field demonstration
President Trump has decided not to impose quotas on uranium import to the US under Section 232.
Peninsula Energy moving towards low pH operations at Lance Uranium Projects
The company is in advanced negotiations to sell a portion of its interest in an existing long-term uranium concentrate sale agreement.
Peninsula Energy set to benefit from US move to protect domestic production of uranium
President Trump will make a decision next month on actions to take regarding the nation’s excessive reliance on foreign sources of uranium.
Peninsula Energy makes further progress towards using low pH solutions at Lance Uranium Projects
With the drafting of a supportive State Decision Document, Peninsula continues to progressively advance its key objective.
Investments and investor services
Peninsula Energy has new substantial shareholder in Paradice Investment Management
The Sydney-based investor hold 24 million shares for a 9.71% stake in the US uranium producer.
Peninsula Energy awaits President Trump’s review of Section 232 uranium investigation
The Department of Commerce has completed its investigation into the effects of high levels of uranium imports on US national security interests.
Peninsula Energy achieves objectives in low pH uranium mining phase demonstration
The low pH plan aims to align the operating performance and cost profile of the Lance Projects with industry-leading global uranium production projects.
Peninsula Energy on track for commercial-scale low-pH uranium at Lance Projects in 2019
The Australian USA-uranium producer is targeting lower cost extraction methods at its project.
Peninsula Energy shares surge on securing Permit to Mine amendment approval for Lance Projects
This is a significant regulatory milestone in Peninsula’s transition to a low pH uranium recovery operation at the Lance Projects.
Peninsula Energy will update on uranium transition progress at Proactive CEO Sessions
The transition to low pH operations at the Lance Projects is expected to enhance recovery and lower operating costs.
AdAlta will outline fibrosis treatment progress during Proactive CEO Sessions
The i-body technology platform of AdAlta is initially focused on treating fibrotic diseases, such as IPF.
Peninsula Energy’s target price raised by HC Wainwright & Co; reiterates buy rating
New York-based HC Wainwright & Co Equity Research has reiterated its buy rating for Peninsula.
Peninsula Energy on track to achieve full-year uranium production guidance
In December 2018, Peninsula signed a new five-year uranium toll milling agreement with its existing toll milling service provider.
Peninsula Energy commences low pH uranium recovery field demonstration
The company is changing how it mines uranium from its Lance Projects.
Peninsula Energy signs new toll milling deal on more favourable commercial terms
The new agreement allows Peninsula to defer the requirement to invest near term capital in additional uranium processing at the Lance Projects.
Peninsula Energy’s test work confirms effectiveness of low pH uranium recovery process
Column leach tests have now been completed on core samples obtained from several diverse areas of the Lance Projects.
Peninsula Energy makes progress in advancing low pH regulatory review process
This approval marks a major progress towards implementing the use of low pH solutions at the Lance Projects.
Peninsula Energy in trading halt with news of uranium low pH permit amendment pending
The halt will remain until Thursday, November 29, or when an announcement is released to the market.
Peninsula Energy director shows faith in uranium strategy through on-market purchase
Non-executive director Mark Wheatley has this week acquired shares valued at more than $10,000.
Peninsula Energy’s managing director adds to shareholding, brings total interest to nearly $243,000
The company is conducting a low-pH chemistry field leach trial which is expected to reduce production costs.
Peninsula Energy notes production successes ahead of start to uranium extraction trials
The company hopes to reduce its production costs with a shift in chemistry.
Peninsula Energy secures approval to begin low pH uranium recovery process trial
Preparation work for the field leach trial is being conducted on site and the trial is expected to commence in late 2018.
Peninsula Energy achieves quarterly increase in uranium production at Lance Projects
Guidance for the financial year ending June 30, 2019 remains unchanged at 90,000 to 110,000 pounds.
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.
Peninsula Energy managing director and CEO buying shares
The company recently received positive results from a feasibility study.
Peninsula Energy feasibility study results confirm new low-cost uranium operation
The study highlights strong leverage to the uranium price with downside protection.
Peninsula Energy stands to benefit from US government uranium investigation
Two US miners have called for 25% of US uranium to be sourced domestically.
Peninsula Energy quarterly production from Lance projects exceeds expectations
A production transition is set to lower costs and preserve in-situ pounds for future extraction.
Peninsula Energy to benefit from rising uranium price post Global X rebalance
The Global X Uranium ETF is no longer a substantial holder.
Peninsula Energy shares ride higher following successful block trade
The company's shares are trading about 12% higher intra-day, at 28 cents.
Peninsula Energy outlines efficient transition strategy to low pH operations
The transition to low pH operations will substantially lower production costs.
Peninsula Energy confirms withdrawal from Karoo to focus on Lance Uranium Project
Unlike Karoo, Lance is a producing asset which is driving earnings even in a low uranium price environment.
Peninsula Energy's US$50 per pound uranium sales contracts to 2030 generate cash while low pH operations gain approval
Daily uranium production rates increased from 427 pounds to 485 pounds during the March quarter.
Peninsula Energy receives confirmation of finance as it progresses low pH uranium production
The commencement of low pH operations is expected to significantly reduce operating costs, aligning Lance with leading global uranium producers.
Peninsula Energy enters ASX trading halt
The company is in the process of transitioning to low pH uranium operations.
Peninsula Energy takes key step forward in transition to low pH uranium operations
The company recently achieved a fourth successive quarter of increased uranium production.
Peninsula Energy exceeds uranium production guidance at Lance project, shares up
The company is maintaining its production guidance levels for the upcoming quarter.
Peninsula Energy on track for transition to low pH uranium operations at Lance Projects
Amendment applications are expected to be submitted early next month.
Peninsula Energy receives further investment from Global X uranium ETF
New York based investment bank H.C. Wainwright & Co has a target price of $1.50.
Peninsula Energy has buy recommendation reiterated, price target of $1.50
U.S. investment bank continues to forecast upside with shares trading at $0.39.
Peninsula Energy lifts cash position with US$19 million uranium sales deal
The company has sold part of its interests in long-term sales and purchase agreements.
Peninsula Energy enters trading halt pending changes to uranium agreements
Peninsula recently achieved its third successive quarter of increased uranium production.
Peninsula Energy lifts uranium production for third straight quarter
Process improvements are resulting in average daily rate increases.
Peninsula Energy’s substantial shareholder lifts position
Global X Management Company now holds a 12.03% interest.
Peninsula Energy's substantial shareholder lifts position
Peninsula was cash flow positive during the September quarter.
Peninsula's David Coyne discussed unlocking the full potential of Lance Projects at Proactive's CEO Sessions
David Coyne at Proactive's CEO Sessions in Melbourne and Sydney.
Aspire Mining to discuss transformational funding at Proactive's CEO Sessions
Find out more from David Paull at Proactive's CEO Sessions.
Peninsula Energy to discuss positive cash flow from uranium sales at Proactive's CEO Sessions
Find out more from David Coyle at Proactive's CEO Sessions.
Peninsula Energy records positive quarterly operating cash flow
Projected revenue remaining under existing contracts is up to US$415 million.
Peninsula Energy's substantial shareholder boosts stake
Peninsula is producing uranium from the Lance Projects.
Peninsula Energy's game-changer adds potential for Lance to be in first quartile of uranium producers
Peninsula generated $US6.6 million from uranium sales during the September quarter.
Peninsula Energy tightens its focus on the Lance Projects
The Lance Projects were cash flow positive in the June quarter.
Peninsula Energy rewards Wayne Heili with unlisted options
Peninsula delivered positive free cash flow during the June quarter 2017.
Peninsula Energy delivers positive free cash generation from uranium sales
Peninsula is producing uranium from its Lance Projects in the U.S.
Peninsula Energy managing director buys shares on-market
In a vote of confidence, Peninsula's managing director bought shares on-market.
Peninsula Energy has Buy rating reiterated by New York broker
A recently published research report forecasts a $1.75 per share price target.
Peninsula Energy increasing daily rate of uranium production
Uranium production from the Lane Projects continues to increase.
Peninsula Energy buying uranium low, selling high
The company has existing contracts securing US$420 million revenue.
Peninsula Energy outlines board changes
Wayne Heili is the new MD and CEO for Peninsula Energy.
Peninsula Energy flooded with demand for in-the-money raising
Peninsula has more than doubled its SPP size due to high demand.
Peninsula Energy closes heavily oversubscribed share purchase plan
Peninsula is producing uranium from the Lance Projects.
Peninsula Energy's in-the-money offer gets snapped up with glee
Peninsula's share purchase plan closes on 3 March 2017.
Peninsula Energy: Global X Management once again increases stake
Peninsula is producing uranium from the Lance Projects.
Peninsula Energy opens in-the-money share purchase plan
The company is seeking to raise $6.5 million from the offer, which is underwritten.
Peninsula Energy's substantial holder continues to lift stake
The company is producing uranium from the Lance Projects.
Peninsula Energy to boost cash position with underwritten share plan
The plan will offer $15,000 at $0.50 a share, the same price as the placement.
Peninsula Energy substantial holder lifts stake as uranium price rallies
Peninsula Energy (ASX:PEN) has been advised that substantial shareholder, Global X Management Company Co LLC, has lifted its stake in the company.
Peninsula Energy gains a new substantial shareholder
Peninsula Energy (ASX:PEN) has a new substantial shareholder with Global X Management Company Co LLC moving to a 5.32% stake.
Peninsula Energy shares continue to fly high in 2017
Peninsula Energy (ASX:PEN) shares are trading up over 35% in 2017 and 8% intra-day, which places the company’s intended share purchase plan (SPP) deep in-the-money.
Peninsula Energy responds to ASX query after 36% jump
Peninsula Energy (ASX:PEN) received an ASX Price and Volume speeding ticket late Friday, following a 36% jump in the share price intra-day to $0.75, on increased volume.
Peninsula Energy has a new substantial holder
Peninsula is producing uranium from the Lance Projects.
Peninsula Energy raises $8.5M to continue uranium production ramp-up
Peninsula is insulated from current uranium prices through its existing long term contracts.
Peninsula Energy gets ready to raise
Uranium-producer Peninsula Energy (ASX:PEN) has been granted a trading halt this morning by the ASX, pending details of a capital raising.
Peninsula Energy Ltd a favoured uranium play of broker Numis
Broker Numis is getting bullish on uranium again following a new marketing initiative from the Kazakh government. Kazatomprom, the Kazakh-state uranium producer, is the largest producer in the world accounting for 39% of global mine product
Uranium price tipped to soar after Kazakh strategy shift
“In our view, the current spot price reflects short term oversupply with the largest factor being the growth in Kazakh spot production,” said Chan.
Peninsula Energy secures additional funding from major shareholders
Peninsula is producing uranium from the Lance Projects which have a mine life of at least 20 years.
Peninsula Energy Ltd: Cashflow as Lance ramps up, growth from Karoo
London broker Numis Securities Limited noted: "We initiate coverage with a target price of A$1.20 based on 1x our 7% NAV for Lance and 0.5x our 10% NAV for Karoo."
Peninsula Energy Ltd's uranium production ramp-up continues at Lance
Gus Simpson, managing director and CEO, commented: "The Lance Projects continue to progress as forecast, Mine Unit 2 permeability looks good and production drilling is returning consistent support for the feasibility study estimates."
Peninsula Energy Ltd provides roadmap to NYSE MKT listing
Peninsula has appointed Roth Capital Partners LLC to support the company’s plan to dual list on the New York Stock Exchange.
Peninsula Energy: Cash management important as Lance production ramps
Peninsula has received a Buy Recommendation from broker Dundee Capital Markets, with a $1.50 target. Peninsula last traded at $0.65.
Peninsula Energy Ltd: Rodman & Renshaw reiterates A$2.25 price target
Rodman & Renshaw noted: "We continue to view Peninsula as a defensive uranium name, primarily due to the existence of higher-priced long-term contracts."
Peninsula Energy Ltd powers towards NYSE MKT Listing
Listing on the NYSE exposes Peninsula’s U.S. based producing uranium projects to the world’s largest capital market and institutional fund managers.
Peninsula Energy Ltd continues to accelerate uranium production at Lance Projects
Today's update provides a clear path to production expansion with an estimated US$17.50 per pound margin over all-in costs at the project’s Stage 2 steady state.
Peninsula Energy Ltd: HC Wainwright reiterates Buy Recommendation
Peninsula Energy Ltd has attracted a A$2.25 price target from Rodman & Renshaw, a subsidiary of H.C. Wainwright & Co. The broker has reiterated its Buy Recommendation.
Peninsula Energy Ltd: U.S. Nuclear Regulatory Commission rules in favour
Gus Simpson, MD & CEO, commented: "The company is pleased that the Commissioners deliberation of the facts support the findings of the comprehensive studies completed by the company and the reviews of these conducted by multiple governm
Peninsula Energy Ltd delivers first uranium as Lance ramp up continues
Revenue of US$120 million is forecast from delivery commitments of 2.15 million pounds of U3O8 over the next 5 years alone.
Peninsula Energy Ltd is BM Capital Markets top uranium pick
Peninsula offers production growth, which should drive higher trading multiples, backed up by its favourable sales contracts, as well as attractive exploration upside, which is not fully reflected in its share price.
Peninsula Energy Ltd funding to drive Lance uranium project expansion
Peninsula currently has 7.9 million pounds of U3O8 under contract with major utilities located in the United States and Europe. Projected revenue under these existing long term contracts has expanded to US$440 million. These contracts provi