Peninsula Energy Secures Key Approvals for Kendrick Uranium Project

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

Peninsula Energy has received crucial regulatory approvals from the Wyoming Department of Environmental Quality and the US Environmental Protection Agency to commence uranium recovery operations at the Kendrick Project Area, part of the Lance Projects in Wyoming. This milestone enables the company to advance its mining operations, supporting a decade of uranium supply, and aligns with its broader development strategy. The approvals mark a significant step in Peninsula’s growth, positioning it as a key player in the uranium market, with potential implications for stakeholders as the company continues to enhance its production capabilities.

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 an ASX-listed uranium company with operations in the United States. It owns the Lance Projects in Wyoming, which is one of the largest independent near-term uranium development projects in the US. The company focuses on producing yellowcake and aims to become a key supplier of uranium, contributing to a clean energy future.

Average Trading Volume: 1,256,498

Technical Sentiment Signal: Sell

Current Market Cap: A$98.97M

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