Peninsula Energy achieves key milestone with restart of Uranium production at Lance Project [Video]

Peninsula Energy CEO Wayne Heili joined Steve Darling from Proactive to announce significant progress at the company’s Lance Project, marking a major milestone: the successful restart of uranium production. This development comes as Peninsula transitions the project to a low-pH in situ recovery (ISR) process, positioning the company as the first in the United States to implement this globally leading method for uranium extraction. Heili explained that operations at the Lance Project, which had been idle since 2019, are now in full motion.

Uranium-bearing solutions are flowing from the wellfield to the central processing plant, where ion exchange resins are effectively capturing uranium. Over the coming months, Peninsula will focus on commissioning new processing circuits, targeting the production of dry yellowcake by February or March 2025. The company anticipates sales and shipments to commence in Q2 2025, signalling Peninsula’s return to active participation in the uranium supply market.

Heili highlighted …