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Peninsula Energy ( (AU:PEN) ) has issued an update.
Peninsula Energy reported steady progress in ramping up production at its Lance Uranium Project in Wyoming during the March 2026 quarter, with Mine Unit 4 emerging as a key contributor expected to deliver about 60% of forecast uranium output this year. Early acidification at key header houses is ahead of schedule with encouraging uranium grades, although the company is addressing lower-than-planned flow rates linked to gas generation by adjusting reagent dosing, refining acidification methods and undertaking focused wellfield maintenance.
The company has fully restored dual precipitation circuits at its central processing plant after an eight-week outage caused by agitator installation issues, with rectification costs covered under an EPC warranty, leaving the plant well positioned to handle rising wellfield flows. Peninsula maintained its 2026 production guidance of 0.4 to 0.5 million pounds of U3O8, continued technical work at its Dagger exploration project to upgrade resource confidence, and reduced its debt through partial conversions of a Davidson Kempner facility, signaling operational resilience and a stronger balance sheet against a supportive uranium market backdrop.
The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.53 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, through its wholly owned subsidiary Strata Energy Inc., operates in the uranium mining industry with a focus on in-situ recovery (ISR) operations in Wyoming, U.S. Its primary asset is the Lance Uranium Project, supplying uranium to meet rising nuclear energy demand amid strengthening global market fundamentals for low-emissions baseload power.
Average Trading Volume: 3,654,926
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$241.5M
See more data about PEN stock on TipRanks’ Stock Analysis page.