URGENT UPDATE: Peninsula Energy Limited has just announced a major breakthrough in uranium production at its flagship Lance project in Wyoming, USA. The company’s wholly owned subsidiary, Strata Energy Inc., has received the green light to begin the crucial acidification process at Header House 14, paving the way for the production of yellowcake.
This significant development follows formal approval from the Wyoming Department of Environmental Quality’s Uranium Recovery Program, allowing the company to proceed with its plans. The acidification process is set to last approximately three months and is essential for redirecting uranium-rich fluids to the Lance Central Processing Plant (CPP).
Peninsula Energy’s central processing plant is gearing up for initial uranium production, which is projected to yield between 0.4 to 0.5 million pounds in 2026. This number represents around 60 percent of the company’s anticipated output for 2026 and 2027, according to the revised production reset design announced in August.
George Bauk, Managing Director and CEO of Peninsula Energy, commented, “The commencement of acidification within Mine Unit 4 is a significant milestone to conclude the year. Mine Unit 4 incorporates the optimised well-field design within a mining area that is demonstrating strong flow rates.”
The acidification efforts will also extend to Header House 16 in the coming weeks, with Header House 15 expected to follow suit in the March quarter. Each header house is designed with about 30 production wells, ensuring a rapid acidification process aimed at achieving a target pH of two. The revised configuration is anticipated to recover about 80 percent of recoverable uranium within 13-14 months per header house.
In addition to the acidification, the Lance project is also enhancing its processing capabilities. The CPP is undergoing commissioning improvements, with operators fine-tuning the leaching, precipitation, filtration, and drying circuits. Furthermore, a new water purification system is being integrated to deliver a cleaner, higher-quality dried yellowcake product.
As part of these upgrades, the company is replacing corrosion-affected pipes from phase one with fibre-reinforced plastic, designed to withstand acidic conditions. This critical work is expected to be completed by next month, just in time for the anticipated production flows from Header House 14.
Peninsula Energy remains firmly on track with its ambitious 2026 uranium production goals, signaling a significant boost for the uranium market and positioning the company as a key player in sustainable uranium operations.
Stay tuned for more updates as this story develops!
