Published: February 5, 2016 |

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Peninsula Energy’s U.S. operating subsidiary Strata Energy has tracked new permitting progress with local nuclear regulators as it advances a project expansion at the Lance uranium operations.

During 2015, Strata submitted a request to the Nuclear Regulatory Commission to amend its existing license to include the Kendrick expansion area within the Ross permit area at Lance.

The NRC initiated its acceptance review of the expansion request in September 2015 and has now notified Strata that the application is complete and has been accepted for detailed technical and environmental review.

Kendrick is adjacent to Ross and under the current life of mine plan is scheduled to come online during the 2019 calendar year to supply uranium to the central processing plant.

As the application is an amendment to the existing license, the review timing is expected to be reduced given the exhaustive technical and environmental review process already conducted by the NRC at Ross.

This progress has coincided with advances in Peninsula’s efforts to list its American Depositary Shares on the New York Stock Exchange – MKT.

The listing will provide access to an active market well versed in the benefits of nuclear power generation.

Average daily turnover of uranium peer companies dual listed on a U.S. stock exchange consistently exceeds the liquidity levels achieved on their non-U.S. exchange by a factor of 4 to 7 times.

Source: (February 3, 2016) Proactive Investors

About Peninsula Energy
Peninsula Energy is a uranium producer from the Lance ISR Projects in the U.S. The company also has uranium projects in South Africa.

To stop by Peninsula’s website, CLICK HERE

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