Impairment and guidance cut likely as winter weather and supply chain woes delay plant completion
Peninsula Energy has warned of another likely production guidance downgrade at its flagship Lance uranium project in Wyoming, blaming bad winter weather and supply chain issues for delays in completing the construction of its central processing plant.The emerging uranium producer has cut its 2025 guidance, down from the prior 700,000-900,000lb, and says he latest 600,000lb target set just two months ago due to slow drilling rates is now probably too ambitious.
Some 1100lb of uranium was reportedly processed from the in-situ recovery operation by the end of December, with operations described in mid-January as ‘smooth and efficient'.Once production begins, ramp-up to full output will take two years.Two years behind scheduleThe 58Mlb Lance development is one of the largest independent, near-term uranium development projects in the US and is expected to produce some 2Mlbpa at all-in costs of $50.27/lb.
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.
Orsted Hit by $1.68 Billion Impairment Charge as Trump Halts US Offshore Wind Lease SalesOrsted, a Danish offshore wind developer, announced a massive $1.68 billion impairment charge due to challenges in its US operations, including interest rate hikes, seabed lease costs, and delays in the Sunrise Wind project. This news comes amidst a broader downturn in the renewable energy sector following President Trump's executive order to suspend new offshore wind lease sales in federal waters.
Read more »
Council Tax Discount for Those with Severe Mental ImpairmentMartin Lewis highlights a potential 100% council tax reduction for individuals with severe conditions like dementia, Parkinson's, strokes, or brain injuries. To qualify, the condition must be medically certified as permanent and the individual must be on a qualifying benefit. Money Saving Expert offers a guide on claiming this discount, while Gov.UK provides information on other council tax reductions for disabled people.
Read more »
Martin Lewis Reveals Council Tax Discounts for Severe Mental ImpairmentMartin Lewis highlights that individuals with dementia, severe Parkinson's, stroke survivors, or brain injuries may be eligible for a 100% council tax discount if they suffer from 'severe mental impairment'. This discount can reduce their annual bill to zero. To qualify, the impairment must be medically certified and the individual must also be on a qualifying benefit such as Attendance Allowance, Disability Living Allowance, Personal Independence Payments, or Severe Disablement Allowance. Lewis emphasizes the importance of this information, especially for those who may not be able to claim for themselves.
Read more »
The Peninsula Hong Kong Unveils 'Art in Resonance' Exhibition in Collaboration with the V&AThe Peninsula Hotels and the Victoria and Albert Museum (V&A) have partnered to launch 'Art in Resonance', a unique art exhibition series showcasing commissioned works by contemporary artists. The first phase of the exhibition will be held at The Peninsula Hong Kong, featuring a curated work by Dr. Xiaoxin Li, the V&A's Asia Department Curator, as well as two additional commissions by Art in Resonance creators.
Read more »
Peninsula finding its stride at Lance1100lb of uranium produced at restarted US ISR mine
Read more »
The strange world of the Euro-GulfThe entwinement of Europe and the Arabian peninsula is ever tighter, and ever more improbable
Read more »