PERTH – Uranium developer Peninsula Energy has pushed back the restart of commercial production at its Lance project, in Wyoming, from the first quarter of this year until mid-2023.
The ASX-listed company on Thursday explained that there had been a delay in the delivery of equipment.
The Stage 2 plant and wellfield expansion would require a further $69.9-million investment, while the wellfield replacement and sustaining capital would require a further $196-million investment. The Lance project holds a Joint Ore Reserves Committee-compliant resource of 53.7-million pounds of uranium oxide , making it one of the largest uranium production development projects in the US.
The DFS into the Ross and Kendrick production areas estimated that the two production areas could produce a combined two-million pounds of uranium a year at steady-state production from the fourth year of production, producing 14.4-million pounds of U
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
enCore to restart uranium production from Alta MesaUS-based encore Energy has announced plans to resume uranium production from its Alta Mesa processing plant, in South Texas, in early 2024. This will be the company’s second producing location following the resumption of uranium production at the South Texas Rosita uranium processing plant, scheduled for 2023.
Source: MiningWeeklyCA - 🏆 48. / 63 Read more »
Province announces new energy 'framework' on heels of LNG facility approvalThe new framework will require new liquefied natural gas facilities to have a 'credible plan' for net-zero emissions by 2030. We need a new provincial government. It's time to get rid of the BCNDP.
Source: CHEK_News - 🏆 59. / 55 Read more »
Province announces new energy 'framework' on heels of LNG facility approvalThe new framework will require new liquefied natural gas facilities to have a 'credible plan' for net-zero emissions by 2030.
Source: CHEK_News - 🏆 59. / 55 Read more »
British Columbia announces new energy 'framework' on heels of LNG facility approval - BNN BloombergThe British Columbia government says it's rolling out a new framework for approving oil and gas projects that will ensure the province meets its emissions targets in the coming decades. The “fast track” for preferred energy projects will shorten which part of the process? Environmental reviews? Public engagement? Indigenous consultation? Economic sustainability? Calling it fast doesn’t make it fast. They had dozens of projects proposed and only one built in over a decade because the regulatory process was ineffective and lacked clout (ie. Special interest groups leveraged opposition for money). Will this new one be better?
Source: BNNBloomberg - 🏆 83. / 50 Read more »