Peninsula Energy Advances Uranium Project

Peninsula Energy Limited (AU:PEN) has released an update.

Peninsula Energy Limited is on track with the construction and expansion of its Lance Uranium Project in Wyoming, USA, maintaining both schedule and budget as they gear up to resume uranium production by late 2024. Enhancements include a new low-pH ISR process and a 5,000 GPM capacity plant capable of producing 2 million pounds of yellowcake annually. The company’s commitment to safety was underscored by winning the Wyoming Governor’s Safety Award for the third consecutive year.

For further insights into AU:PEN stock, check out TipRanks’ Stock Analysis page.