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Peninsula Energy ( (AU:PEN) ) has provided an announcement.
Peninsula Energy has achieved a key operational milestone at its Lance Uranium Project in Wyoming, with Header House 14 in Mine Unit 4 (MU-4) entering the acidification stage after receiving injection approval from Wyoming’s environmental regulator. Acidification at this header house is expected to run for about three months before uranium-bearing fluids are sent to the central processing plant (CPP), while construction and upcoming acidification of additional header houses 16 and 15 underpin MU-4’s role in delivering about 60% of the company’s uranium production forecast for 2026 and 2027. The company has optimised its wellfield design to accelerate acidification and boost recovery rates, with pump tests in MU-4 indicating stronger flows than in the earlier mine unit and supporting its production reset plan. Concurrently, Peninsula is advancing commissioning and debottlenecking at the CPP, including installing a fibre‑reinforced plastic piping system and enhancing water purification to improve product quality, leaving the company confident it can meet its 2026 production guidance of 0.4–0.5 million pounds of uranium and strengthen its position as a long-term U.S. uranium producer.
The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.
More about Peninsula Energy
Peninsula Energy Limited, through its wholly owned U.S. subsidiary Strata Energy Inc., is a uranium developer and producer focused on in-situ recovery (ISR) operations at the Lance Uranium Project in Wyoming, USA. The company is implementing a low-pH production strategy and a reset plan aimed at establishing sustainable, long-term uranium output from the Lance project to supply the nuclear fuel market.
YTD Price Performance: -29.34%
Average Trading Volume: 4,047,950
Technical Sentiment Signal: Sell
Current Market Cap: A$269M
For detailed information about PEN stock, go to TipRanks’ Stock Analysis page.