Peninsula Energy Accelerates Construction of Lance Uranium Project Ahead of Production Restart, Wyo.
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Peninsula Energy Ltd. and its U.S. subsidiary Strata Energy are making good progress in the construction and wellfield development at their flagship Lance Project in the U.S. uranium hotspot of Wyoming.
The project remains on track for a production restart by December 2024, following a series of milestones achieved in recent weeks.
Key developments at the site include the completion of all concrete work, installation of structural steel, roofing, and building siding.
In addition, new ion-exchange vessels, elution tanks and precipitation tanks have been placed on the plant slab while installation of essential systems — including HVAC, structural steel for pipe racks, cable trays, and interior lighting — is well underway.
As part of pre-production activities, groundwater preconditioning is ongoing in Mine Unit 1 (MU-1), aligning with the company’s overall project timeline.
Meanwhile, Mine Unit 3 (MU-3) has seen the completion of Header House 11 (HH-11), preparing the unit for preconditioning.
On October 11, Peninsula received final regulatory approval for the MU-3 wellfield data package, enabling full operational activities in the area.
Twelve drill rigs are active daily, advancing the installation of production wells in MU-3 Header Houses 12 (HH-12) and 13 (HH-13), with 76 percent of the well installation in MU-3 now complete.
Additionally, ore delineation drilling and monitoring well installation in Mine Unit 4 (MU-4) are in train.
With construction and wellfield preparations advancing as planned, Peninsula Energy is poised for a strong uranium production restart at Lance by the end of 2024.
Source: Proactive Investors
Peninsula Energy Limited is an uranium mining company with its 100 percent owned Lance Project in Wyoming one of the largest near-term uranium development projects in the United States. Currently undergoing a project transformation initiative, the long-life Lance Project is transitioning to a low cost and environmentally friendly low pH ISR operation. Once back in production, Lance will establish Peninsula as a fully independent end-to-end producer of yellowcake. Lance is well-placed to become a key supplier of uranium and play an important role in creating a clean energy future.
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