Peninsula Energy Advances Lance Project with Regulatory Approval and New Board Appointment

Peninsula Energy ( (AU:PEN) ) has provided an announcement.

Peninsula Energy Limited has received regulatory approval to commence Phase 2 of the Central Processing Plant (CPP) at its Lance Project in Wyoming, allowing the company to begin processing uranium on resin towards producing dried yellowcake. This development marks a significant step in Peninsula’s strategy to reset the Lance Project as a sustainable uranium producer for the US energy market. Additionally, Keith Bowes, a seasoned resources executive, has joined the board as a Non-Executive Director, bringing valuable experience to the company as it works towards full production and a capital raise.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$4.00 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 the only ASX-listed uranium company providing US production and direct market exposure. Its 100% owned Lance Project in Wyoming re-commenced uranium production on resin in December 2024. Lance is one of the largest, independent near-term uranium development projects in the US, aiming to establish Peninsula as a fully independent end-to-end producer of yellowcake, positioned to become a key supplier of uranium for a clean energy future.

Technical Sentiment Signal: Sell

Current Market Cap: A$98.97M

Learn more about PEN stock on TipRanks’ Stock Analysis page.