PEN
Director Trades
| Date | Director | Value |
|---|---|---|
| David Coyne | $105,000 | |
| George Bauk | $105,000 | |
| Brian Booth | $21,000 |
Company News
Peninsula Energy moves closer to uranium production restart at Lance project
Peninsula Energy (ASX: PEN) has confirmed capacity expansion and construction project at its central processing plant at the flagship Lance uranium project in Wyoming is advancing towards a production restart before year-end. The company made solid progress on site construction and Phase II plant expansion work during August as it moves towards becoming Australia’s newest […]
Australian uranium shares surge on news of Kazatomprom production shortfall
Local uranium shares soared on Friday after news broke that Kazatomprom, the world’s largest exporter of the nuclear fuel, will likely miss potential production targets for 2024 by a fifth due to construction delays and problems obtaining sulphuric acid. Kazatomprom’s woes sent Australian uranium shares rising and traders will be looking for another jump in […]
Peninsula Energy establishes new Dagger uranium project
Peninsula Energy (ASX: PEN) and its wholly-owned subsidiary Strata Energy Inc have established the Dagger uranium development project in the US state of Wyoming. The project boasts an initial inferred mineral resource estimate of 3 million tonnes at an average grade of 1037 parts per million uranium oxide for 6.9 million pounds of contained metal, […]
Uranium shortage looms as miners race to supply existing and new reactors
The days of buying US$40 per pound uranium are over — and also probably at US$50 or US$60, Cameco chief financial officer, Grant Isaac, said over the weekend. “We’re going to need new supplies,” he added, reflecting the market view now held by the operator of the world’s largest uranium mine, Cigar Lake in Canada. […]
Uranium price breaches US$60 a pound as demand outstrips supply
It’s getting harder by the day to ignore the uranium revival as the price breaches the US$60 level with stockpiles shrinking and demand comfortably outstripping supply. If it was any other commodity the price would almost certainly be a lot higher as would the share prices of the small band of Australian mining companies prepared […]
Uranium stocks rally as nations tighten emissions targets
The uranium industry is setting up for an accelerated rise in prices with a supply deficit looming and demand growing as governments target ‘cleaner and greener’ energy sources – a sector in which nuclear power didn’t seem to be considered until now. Nuclear power has been sidelined by governments for years, hampered by its dangerous […]
First silver, now uranium — fears of supply shortages drive up yellowcake share prices
While silver stocks on the ASX retreated after their exuberant buying spree on Monday, Tuesday was a day in the sun for their uranium counterparts. The trigger for the yellowcake stocks was, unlike Reddit in the case of silver, a more established source – the Bank of America (BofA). As the Australian market opened on Tuesday, […]
Uranium stocks take off as US Senate committee clears Trump plan for strategic reserve
The US Senate Committee on Environment and Public Works has passed a bill that approves the establishment of a national uranium strategic reserve. The new bill, which will almost certainly pass the whole US Senate because it has bipartisan support, excludes any Chinese or Russian company involvement in supplying uranium to the stockpile. But Australia, […]
Australian juniors jump aboard the US uranium revival train
Uranium USA seems to be new destination for Australian juniors. The move comes as US President Donald Trump’s administration in Washington is pushing to expand uranium production domestically in order to reduce or even end America’s dependence on imports. Since that policy was announced, it has led to an upsurge in interest in reviving old […]
Peninsula Energy receives tick of approval for transition to low pH recovery at Lance Projects uranium mine
Australian-based uranium developer Peninsula Energy (ASX: PEN) has achieved a major milestone in the regulatory approval process for the use of low pH solutions at its Lance Projects uranium operations in the United States. The company’s wholly-owned US subsidiary Strata Energy Inc this week received formal approval from the Department of Environmental Quality in Wyoming […]
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