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Peninsula Energy ( (AU:PEN) ) has issued an announcement.
Peninsula Energy has advanced the operational ramp-up at its Lance Uranium Project, with acidification now underway at a second header house in Mine Unit 4 (MU-4) and performance at the first header house exceeding expectations on flow rates and pH reduction. Revised wellfield designs, faster development of all six header houses in MU-4, and continued commissioning progress at the central processing plant are expected to offset weaker production from Mine Unit 3 and keep the company on track to meet its 2026 uranium production guidance of 0.4–0.5 million pounds, underscoring MU-4’s strategic role in the production reset and its leverage to a more supportive US uranium policy backdrop.
The most recent analyst rating on (AU:PEN) stock is a Hold with a A$0.85 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 is an ASX- and OTC-listed uranium producer focused on developing and operating the Lance Uranium Project in Wyoming, USA. The company is transitioning its in-situ recovery operations to an acid-based process and is targeting increased uranium output from newly optimised mine units, positioning itself to benefit from strengthening US policy support for domestic nuclear fuel supply.
Average Trading Volume: 2,792,161
Technical Sentiment Signal: Hold
Current Market Cap: A$366.9M
Find detailed analytics on PEN stock on TipRanks’ Stock Analysis page.