PENINSULA ENERGY ORD
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. […]