Peninsula restarts uranium production at Wyoming mine
Uranium production has restarted at ASX-listed Peninsula Energy's flagship Lance project, in Wyoming, in the US, after a five-year hiatus.
The restart of production at Lance as a low-pH in situ recovery operation marks a historic milestone for Peninsula on its journey to become a fully independent producer of uranium yellowcake.
“This is a very exciting moment for the team and our shareholders to have finally pressed the button on starting production. This has been years in the making, a lot of hard work, and with a fair share of challenges, so we are grateful to the team involved and for the ongoing support of our shareholders.
“Importantly, Peninsula is now North America's newest fully independent uranium producer. We have restarted Lance at an opportune time, with the long-term fundamentals and demand for uranium incredibly strong, as nuclear energy grows into the leading and most reliable clean energy solution. Through Lance, Peninsula will provide a secure and sustainable uranium supply for an energy-hungry, low-carbon future.
“The hard work will continue on site as we still have a way to go through the ramp-up period. We will continue to remain focused over these coming months as we complete the rest of the construction, continue ramping up production and moving towards commercial production of dry yellowcake,” says Peninsula MD and CEO Wayne Heili.
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