Peninsula Energy is an advanced uranium developer, applying a low pH technology process to develop its flagship Lance Project, into a long-life uranium operation.
The importance of uranium as a clean energy source is growing rapidly across the globe and Lance is perfectly positioned to play a key role in the continued focus towards a green energy future.
Led by a well-credentialled team, Peninsula has completed staffing, technical, regulatory and operational de-risking activities to aggressively advance Lance towards a production restart decision. Lance is the only US-based uranium project authorised to use the industry leading low pH ISR method, has a low capital expenditure funding requirement and a short timeframe for production re-start. Importantly, idled US uranium producers and developers with sufficiently de-risked assets may have a unique opportunity to capture emerging US demand in a Western-focused nuclear fuel market.
Peninsula has a strong balance sheet and significant cashflow from its existing long-term uranium sales contracts.