Peninsula Energy Restarts Lance Uranium Project

0:00It's April 9th. I'm Cory with the story, and this is Sydney News Today, local news powered by AI. Peninsula energy just flipped the switch back on at its Lance Uranium project in Wyoming, restarting the central processing plant to produce dried. Yellowcake again. They fixed replacement agitator assemblies in the precipitation tanks, getting the final processing stage fully operational after a short downtime. The issue came up in mid-February from incorrect installation, but it was handled as a warranty claim under their engineering contract. During the pause, the team optimized the plant, installing a reverse osmosis unit to boost water quality and cut sodium levels for better yellowcake. Peninsula CEO George Baugh called it a key milestone, praising the quick fix while well-filled ops kept rolling. The company stuck to in-situ recovery mining, a method behind over half of global uranium production last year. We're shifting from alkaline to acidic leaching, which is jacked up uranium grades to nearly

1:001 gram per liter and recoveries over 90 percent, plus lower costs. In mine unit 4, early header house grades hit 63.9 milligrams per liter, beating old marks. With the plant humming, production guidance holds steady at 0.4 to 0.5 million pounds for calendar year 2000, 26, setting lands up for a solid ramp through the year.