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 Ltd adds fifth uranium sale contract for Lance projects
The fifth sales contract provides additional security to future revenue and potentially de-risks expansion plans. The average price compares favourably to the US$45 per pound of U3O8 weighted average delivered price achieved over the past d
Peninsula Energy Ltd signs uranium contract with European utility
The contract comes after several years of negotiation and extensive due diligence. The agreement provides certainty of sale and a committed revenue stream.
Peninsula Energy has high grade uranium hits in South Africa
Re-logging is occurring in areas at Karoo that are outside the existing JORC resource of 56.9 million pounds of uranium defined in 2014. This should contribute to an increase in the resource base at Karoo.
Peninsula Energy uranium production exceeding expectations
Peninsula Energy has charted encouraging progress in the ramp-up of its Lance uranium project in the U.S., with a number of technical metrics either in line with or exceeding expectations and contributing to a view that operational costs wi
Peninsula Energy makes first uranium delivery in industry landmark
Peninsula Energy has completed its first uranium delivery to a U.S. utility, cementing the company’s presence in a growing low-emission energy sector as an operational ramp-up and a pending North American stock exchange listing promis
Peninsula Energy reveals high-grade uranium at Karoo in South Africa
Rietkuil is 40 kilometres west of Beaufort West at Peninsula’s Karoo Projects in South Africa. Peninsula said that results from all blocks investigated to date have demonstrated very high grade mineralisation at shallow depths.
Peninsula Energy bags $15M from Investec ahead of uranium production
A new US$15-million financing deal with Investec Bank for Peninsula Energy’s Lance uranium project in the U.S. is set to support the company for two years as the newly approved operation rumbles toward cashflow generation in 2016.
ASX recovers strongly as the next uranium producer emerges
As news from the Reserve Bank of Australia helped the Australian All Ordinaries mark gains, this uranium developer paved its way to being the yellowcake sector’s next global producer.
Peninsula Energy gets uranium production green light at Lance
Peninsula Energy has been cleared to begin in-situ recovery of uranium at its Lance project in the U.S., setting up the developer’s transition to producer status ahead of a listing on a U.S. stock exchange, a nuclear market rebound an
Peninsula Energy advances U.S. listing as uranium production nears
Peninsula Energy has achieved significant progress in advancing plans to list its American Depositary Shares on the New York Stock Exchange - MKT as the countdown to Q4 2015 Lance production approaches.
Peninsula Energy rated rising star and speculative buy: broker
A Perth stockbroker has rated Peninsula Energy as a rising star on the cusp of uranium production from its Lance Projects in Wyoming, USA and provided a valuation of the company.
Peninsula Energy executes two more uranium sale contracts
The two forward sale and purchase agreements with major U.S. power utilities from the soon to be producing Lance Projects in Wyoming further increases revenue certainty for stage 1 production.
Peninsula Energy's uranium hits exceed expectations at Lance
Peninsula Energy has intersected high grade uranium from mining development drilling within its Lance Projects. The company remains on-track to become the next uranium producer and will dual-list in New York in coming months.
Peninsula Energy delivers on project milestone, road to Q4 uranium production
Submitting the Wellfield Data Package is a major achievement for the project team, and the Central Processing Plant and wellfield construction activities continue to progress as planned. Peninsula remains on track to be the ASX's next urani
Peninsula Energy acquires satellite uranium project for Lance
The acquisition of the Hauber Uranium Project further strengthens the company’s position as the largest uranium mineral rights holder in the northeast Powder River Basin of Wyoming, U.S. Its Lance Projects remain on track to start pro
Peninsula Energy hits high grade uranium at Lance
As development progresses at Lance MU1, Peninsula are seeing consistent support for the estimates generated in the Feasibility work. This combined with better than expected drilling results augurs well for future production.
Peninsula Energy appoints chairman as it closes on uranium production
The company has refreshed its board with the appointment of Richard Lockwood as its non-executive chairman while Gus Simpson is now its managing director and chief executive officer. The Lance Projects remain on track to start uranium produ
Peninsula Energy completes deep disposal well at Lance Projects
Wholly owned U.S. subsidiary Strata Energy Inc. has successfully completed the deep disposal well (DDW) for the stage 1 Lance In-Situ Recovery (ISR) project in Wyoming. This was the major cost over-run risk to the Project.
Anatolia Energy to become one of world’s lowest cost U3O8 producers
Anatolia Energy is positioned to become a major force in the development of Western Asia’s uranium production that will supply nuclear fuel to Turkey’s burgeoning nuclear energy program. Temrezli will be one of the world’s
Peninsula Energy undervalued; set to become major US producer
Peninsula Energy is months away from first uranium production at the Lance Projects in Wyoming. Current valuation also does not take into account the significant South African uranium assets. The recently announced Energy Fuels takeover of
Peninsula Energy secures new uranium sales contract with U.S. power utility
The additional uranium concentrate sale and purchase agreement highlights the attractiveness of Peninsula Energy’s Lance Projects in Wyoming. The deal with a major U.S. power utility adds to the existing 2011 sales and purchase contra
Peninsula Energy progressing pre-production program at Lance Uranium Projects
With the appointment of an Engineering, Procurement and Construction contractor and the high possibility that a Supplemental Environmental Impact Statement will be issued in November, Peninsula Energy’s Ross Project of the Lance Urani
Peninsula Energy receives A$0.08 price target ahead of first uranium production in 2013
Peninsula Energy has received a price target of $0.08 in a recent research report, based on the company’s planned path to join the next generation of uranium producers in 2013.
Peninsula Energy: Lance uranium Definitive Feasibility Study improves project economics
Completion of a DFS has upgraded the economic viability of Peninsula’s Lance uranium projects as the company works towards achieving production in 2013.
Gold explorers Millennium Minerals, Mutiny Gold and ABM Resources spike higher on the ASX
There is some major market action today on the ASX surrounding the near term producing segment of companies, as well as some strong support for explorers as investors identify buying potential and snap up stock.