Peninsula produces first uranium yellowcake at Wyoming plant
The peninsula is not an orphan in the current production risks, because the US uranium industry has been increasing since 2023-2024. This activity was directed with higher spot prices of coercion for approximately 80-90 US dollar ($ 120-135/lb) per pound and the government’s Russian imports.
According to the US Energy Information Administration, total US production reached approximately 310,533 pounds Yellowcake in the first quarter of 1 2025. Although the 4th quarter of 2024 fell slightly, it is still among the highest levels in the years.
Employment in the sector increased by 49 percent in 2024, the largest march since 2016, with a 506 full -time increase. Production is due to the traditional mining in Arizona and Utah in Wyoming and in Texas.
Other companies in the mixture include smaller or ramp players such as West Uranium & Vanadium with the Vanadium Joint Product Focus, and Premier American Uranium, who has been discovered and developed on a full commercial production scale.
Globally, the Canadian producer Cameco Corporation and Denison mines, which operate through the US partnerships, indirectly contribute to US supply chains. Australia’s BHP limited US exposure and minimal active mining.
Peninsula Energy is a Uranium mining company on the Asx list of Lance and Dagger projects in Wyoming and is operated by Strata Energy.
The Lance project, one of the largest Uranium projects in the USA, has a Yellowcake’s 58 million pounds (MLBS) 2012 Jorc compatible welding base in Ross, Kendrick and Berber regions. The company’s satellite dagger project has a high -grade development, a source of 6.9mlbs Sarıcaklı in 1037 tracks per million (PPM).
The Lance project started commercial operations in 2015, but in 2019, through the ISR methods, it began to improve from alkal to lower pH. The shift, which was confirmed by 2020-2021 field show, aimed to increase recovery rates and operational efficiency.
However, the journey was not unhindered.
Initially, the delays in the CPP structure, which targeting March 2025, were commissioned by September 2025. The difficulties included limited resin storage capacity, optimal Wellfield designs at the mining unit 3, and lower flow rates than expected.
In addition, the old purchase or payment contracts for 5.74MLBS Yellowcake pushed risks of delivery, and pushed the peninsula to terminate five of the six contracts, but was subjected to a cost of $ 6.6 million, but the company focused on a disciplined production increase.
He implemented a comprehensive reset plan on the Peninsula under a new leadership, including Bauk and non -executive director Keith Bowes. This strategy reorganized production programs, optimized well designs, mining unit 3 reduced the number of production wells from 45 to 30, and acidification shortened the timeline.
Management also provided critical financing. The July 2025 Debt Finance Agreement with Davidson Kempner supported the financial situation of Peninsula, a $ 69.9 million stock increase by US $ 10 million ($ 15 million) and $ 15 million ($ 22.5 million) and Canaccord and Shaw.
The last equity increased, from $ 0.30 per share, included one -to -one proposal and two controversial settlements, and the Great Corporate Investor Tees River increased to $ 22.5 million.
Peninsula’s reset plan targets 50,000 LBS Yellowcake in 2025, 400,000-600,000 LBS in 2026-2027 and 1.2-1.5mlbs per year from 2028.
The company also advances the dagger project with a scheduled drilling program planned at the end of 2025 or early 2026 to increase the source forecast.
It would not be more random to align the peninsula with the call of the US Uranium Renaissance call.
Wright’s statement yesterday by Tradetech emphasizes the need for a strategic uranium reserve to resist Russian supply risks and support nuclear power growth, including small modular reactors.
This follows the previous US efforts, including a partially financed USD $ 150 million (225 million dollars) uranium reserves and 2020 Trump management proposal for the US’s 2022 contract for the Main Uranium. Wright’s advocacy points to powerful policy support that increases the company’s strategic position for domestic manufacturers such as peninsula.
Wright’s comments led to positive emotions in uranium markets. In the US, the best uranium explorers and miners, such as Cameco and energy fuels, have seen 3-5 percent gains today and reflect the increasing investor confidence.
The news led to a fluctuation in some Uranium companies in the ASX list: Paladin Energy increase, boss Energy’s share price increased by 6.5 percent.
Peninsula’s own share price has risen over 16 percent up to noon (AWST), but since then, it has still returned to sit on just above 14 percent, it was still the buoy of the bilateral catalysts of the production milestone and favorable policy ground.
Although these movements are subject to pre -and market volatility, it emphasizes the optimism of the market about a potentially stimulated US Uranium sector.
Does your company on the ASX list do something interesting? Contact: Mattbirney@bullsnbears.com.au
