By Pia Rivera
Peninsula Energy Limited (ASX:PEN) advises that Mr John (Gus) Simpson will be stepping down from his position as Managing Director and Chief Executive Officer and also
from the Board of the Company and all its subsidiaries, effective immediately.
This decision follows careful consideration by the Board of the key operational and commercial
Peninsula Energy’s (ASX:PEN) fully underwritten A$6.5 million Share Purchase Plan (SPP) closed heavily oversubscribed.
Under the SPP, Eligible Shareholders were invited to subscribe for up to $15,000 worth of Shares at $0.50 per Share, being the same price as the institutional placement completed in December 2016.
He believes the uranium market has bottomed.
Energy Fuels Inc. (TSX:EFR,NYSEMKT:UUUU) has intercepted additional high-grade areas of uranium mineralization at its Canyon mine, a fully permitted conventional underground mine being developed in northern Arizona. These new intercepts, including 28.5 feet of mineralization with an average grade of 2.41% eU3O8, further expand the mineralized zone at the mine.
Peninsula Energy (ASX:PEN) announced an update on production and ramp-up at the Lance Projects in Wyoming, USA.
By Jocelyn Aspa
Cameco (TSX:CCO) has announced that the Canadian Nuclear Safety Commission has approved an application by AREVA Resources Canada to increase the annual licensed production capacity of the McClean Lake milling operation to 24 million pounds of uranium concentrate.
As quoted in the press release:
Ore from Cameco’s Cigar Lake mine is milled
Peninsula Energy (ASX:PEN) announced that it had added its fifth long term uranium concentrate sale and purchase contract to its supply agreements.
By Vivien Diniz
Peninsula announced that it has entered into a long term uranium concentrate sale and purchase agreement with a major European utility and nuclear industry leader.
Peninsula Energy (ASX:PEN) announced that it has entered into a long term uranium concentrate sale and purchase agreement with a major European utility and nuclear industry leader.
Toro Energy Limited (ASX:TOE) announced has received highly encouraging results from the geological modelling and mine planning studies currently underway at its 100% owned Wiluna Uranium Project.
By Vivien Diniz
So far in 2016, Athabasca Basin uranium companies Cameco, Denison Mines and NexGen Energy have laid out plans for the year.