Peninsula Energy Ltd
Peninsula Energy Limited is an Australia-based uranium mining company.
The business
Peninsula Energy Limited is an Australia-based uranium mining company. The Company owns the Lance Project (Lance) and Dagger Project. The Lance Project is located in Wyoming, United States of America, operated through its 100% owned subsidiary, Strata Energy Inc (Strata). The Lance Projects comprise the Ross Production Project Area, Kendrick Development Project Area and Barber Exploration Area. The Lance Projects are located in Crook County, in northeastern Wyoming, approximately 31 miles east-northeast of the town of Gillette and extend over a strike length of 37 kilometers (kms) to the north, and over a strike width of eight km. It holds mineral rights and surface access rights over a non-contiguous north-south distance of about 50 km. In Wyoming, the Company has mineral rights of over 43,358 acres and surface access rights over land holdings of 11,982 acres. The Dagger Project in Crook County, Wyoming lies within the North Black Hills district in the northeast corner of the state.
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Latest news
Peninsula Energy moves closer to uranium production restart at Lance project
Peninsula Energy (ASX: PEN) has confirmed capacity expansion and construction project at its central processing plant at the flagship Lance uranium project in Wyoming is advancing towards a production restart before year-end. The company made solid progress on site construction and Phase II plant expansion work during August as it moves towards becoming Australia’s newest […]
Australian uranium shares surge on news of Kazatomprom production shortfall
Local uranium shares soared on Friday after news broke that Kazatomprom, the world’s largest exporter of the nuclear fuel, will likely miss potential production targets for 2024 by a fifth due to construction delays and problems obtaining sulphuric acid. Kazatomprom’s woes sent Australian uranium shares rising and traders will be looking for another jump in […]
Peninsula Energy establishes new Dagger uranium project
Peninsula Energy (ASX: PEN) and its wholly-owned subsidiary Strata Energy Inc have established the Dagger uranium development project in the US state of Wyoming. The project boasts an initial inferred mineral resource estimate of 3 million tonnes at an average grade of 1037 parts per million uranium oxide for 6.9 million pounds of contained metal, […]
Uranium shortage looms as miners race to supply existing and new reactors
The days of buying US$40 per pound uranium are over — and also probably at US$50 or US$60, Cameco chief financial officer, Grant Isaac, said over the weekend. “We’re going to need new supplies,” he added, reflecting the market view now held by the operator of the world’s largest uranium mine, Cigar Lake in Canada. […]
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