Peninsula Energy employs in situ recovery leach mining, a widely used method in Wyoming. In 2024, 52 per cent of global uranium production came from ISR mining. Credit: File In a red-letter day for Peninsula Energy (ASX: PEN) , the company has flicked the switch back on at its Lance uranium operation in Wyoming, USA, with the project’s central processing plant (CPP) once again producing dried yellowcake. The company says its plant has renewed uranium precipitation following t

Peninsula Energy’s Lance uranium project in Wyoming, USA. Credit: File Peninsula Energy Limited (ASX: PEN) has delivered a tidy piece of balance-sheet good news that is likely to keep the bulls happy after the company completed a partial conversion of its convertible loan facility. The move to swap US$4.1M (A$6M) of debt into equity marks the second reduction of the US$15M (A$22M) debt package the company secured with Davidson Kempner in July last year, leaving only US$4.2M

Peninsula Energy’s extensive Lance uranium wellfield in Wyoming, US Credit: File Peninsula Energy (ASX: PEN) has confirmed that its Lance uranium project in Wyoming, USA, remains firmly on track for its production guidance of 400,000 to 500,000 pounds of uranium yellowcake. The forecast has been underpinned by the Lance central processing plant’s (CPP) hefty 2.0 million-pound-per-year capacity and strong momentum at Mine Unit 4, which is shaping up to deliver about 60 per ce

Peninsula Energy is extracting uranium from roll-front deposits in Wyoming using in-situ leaching which involves extensive bore-field development to inject solvents into the deposits and deliver the uranium-rich solution back to the surface for stripping at a central processing plant. Credit: File Timing, as they say, is everything – and Peninsula Energy (ASX: PEN) appears to have found its groove just as the United States rediscovers its appetite for home-grown uranium. The

Peninsular Energy’s central uranium processing plant for phases one and two at the company’s Lance uranium project in Wyoming, USA. Credit: File Peninsula Energy Limited (ASX: PEN) , through its wholly owned subsidiary Strata Energy Inc., has announced a significant advance at its flagship Lance uranium project in Wyoming, USA. With regulatory hurdles cleared, the company has flicked the switch on acidification at header house 14, a gateway to its MU-4 deposit. The move follo

Peninsula locks in big players in completed $70M raise Peninsula Energy (ASX: PEN) has pulled off a significant coup, completing a nearly A$70 million capital raise to fully fund its in-situ Lance uranium project in Wyoming. The milestone, that saw some big names enter its share register, caps a full operational and financial reset, positioning the company as a key supplier into a resurgent US nuclear industry that’s racing to rebuild domestic uranium supply. The capital inj

1st uranium production just as US Govt moves to lock in more supply – talk about exquisite timing!

Peninsula Energy has produced its first drum of uranium yellowcake, coinciding with the United States Energy Secretary’s calls to boost...