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Peninsula Energy ( (AU:PEN) ) has shared an announcement.
Peninsula Energy has restarted operations at its Lance Uranium Projects after a five-year hiatus, marking a significant milestone in becoming an independent uranium producer. The company is progressing with plant expansions and wellfield developments, despite facing cost overruns and delays due to challenging conditions. The first dry yellowcake product is expected by June 2025, and the company has restructured its EPC contract for enhanced operational guarantees.
More about Peninsula Energy
Peninsula Energy Limited, along with its wholly owned subsidiary Strata Energy Inc., operates in the uranium production industry. The company focuses on the Lance Uranium Projects in Wyoming, USA, aiming to become an independent producer of uranium yellowcake, which plays a critical role in the clean energy transition.
YTD Price Performance: -2.33%
Average Trading Volume: 44,808
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $132M
For an in-depth examination of PEN stock, go to TipRanks’ Stock Analysis page.
