Peninsula Energy Limited (AU:PEN) has released an update.
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Peninsula Energy Limited is gearing up for a late 2024 restart of uranium production at its Lance Project in Wyoming, with plant construction and expansion efforts moving forward on schedule and within budget. The project’s progress includes on-track procurement of major equipment and development of a new production wellfield, aiming to achieve an annual production capacity of 2 million pounds of dry yellowcake (U3O8). The company’s CEO, Wayne Heili, expresses confidence in resuming production operations by year-end, with current preparations unfolding smoothly.
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