Peninsula Energy delays Wyoming uranium project restart, shares plunge.
the restart of commercial production at its Lance project in Wyoming, from the first quarter of this year until mid-2023.Sign Up for the Energy Digest“The current inflationary economic environment and very real supply-chain constraints, in combination with an unusually difficult Wyoming winter, have presented challenges but the team has demonstrated their professional capability and resolve,” Peninsula CEO Wayne Heili said in a news release.
The company capital expenditure to date is in line with the 2022 definitive feasibility study, which estimated a life-of-mine capital cost of $290.6 million, with the Stage 1 operation requiring an up-front capital investment of $2.7 million and a wellfield replacement and sustaining capital expenditure of $16.3 million.
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