Peninsula Energy Restarts Uranium Output at Lance Plant, Keeps 2026 Guidance Intact

Peninsula Energy ( (AU:PEN) ) has issued an update.

Peninsula Energy has restarted uranium precipitation and dried yellowcake production at the Central Processing Plant of its Lance Uranium Project in Wyoming after completing rectification work on the precipitation circuit. Replacement agitator assemblies sourced from the original manufacturer have been installed and commissioned, restoring full circuit functionality and returning the plant to its designed operating performance.

During the outage, wellfield operations continued uninterrupted, preserving the ramp-up schedule and allowing uranium-rich solution from Mine Unit 4’s Header House 14 to be processed, with head grades averaging 63.9mg/L, well above historic levels at Lance. The company also advanced coating works on ion exchange and elution tanks and installed a reverse osmosis unit to improve process water quality, and it confirmed that installed capacity remains 2.0 million pounds per year with 2026 production guidance unchanged at 400,000 to 500,000 pounds.

The most recent analyst rating on (AU:PEN) stock is a Sell with a A$0.49 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 sector with a focus on in situ recovery (ISR) production in the United States. Its flagship asset is the Lance Uranium Project in Wyoming, where the company is positioning itself as a key domestic supplier of uranium amid growing demand for nuclear fuel.

Average Trading Volume: 4,250,202

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$234.8M

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