Another uranium hopeful facing ramp-up issues, restart still on track for end-of-year
It's been a tough week for uranium lovers in the ASX arena, with another production downgrade and subsequent share price slam on Friday morning, this time from Peninsula Energy. The yellowcake hopeful is working to get its flagship Lance project in Wyoming, US, up and running before the end of the year, but with development tracking slower than planned, it has revised its 2025 full-year production guidance to 600,000 lbs from the previous forecast of 700,000-900,000lbs.
At this stage, Peninsula's 2026 and 2027 production projections are not expected to be "materially" impacted by the ramp-up delays. Peninsula's news comes after Paladin Energy earlier this week slashed its own production guidance for its Langer Heinrich mine in Namibia to 3-3.6 million pounds, down from 4-4.5Mlb. Paladin shares retreated nearly 30% in one session on the back of the news.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Snam CEO Claims Europe Is Vulnerable to Natural Gas Supply ShocksEurope's growing reliance on LNG exposes it to potential supply shocks due to geopolitical tensions and competition with Asia.
Read more »
Frasers Group demands Boohoo fires CEO and appoints its founder Mike AshleyFrasers Group are seeking to depose former CEO John Lyttle as a company director as well as install their founder Mike Ashley instead. It complains of a 'complete failure to meaningfully engage' with Frasers.
Read more »
Nvidia CEO whines Europeans aren’t buying enough GPUsEU isn’t keeping up with US and China investments, AI arms dealer says
Read more »
Boeing strike continues as union rejects contract, scuttling CEO's recovery planKelly Ortberg's turnaround express heads back to the hangar
Read more »
Billionaire SaaS CEO loses title after week of sleaze allegationsNot much more than a slap on the wrist as WiseTech boss stays on in new role and keeps salary
Read more »
Ex-Abercrombie CEO Mike Jeffries pleads not guilty to trafficking charges after ‘luring hopeful models i...Ex-Abercrombie CEO Mike Jeffries pleads not guilty to trafficking charges after ‘luring hopeful models into sex parties’
Read more »