- Uranium miner Peninsula Energy (PEN) has submitted an interim restoration report (IRR) to the Wyoming Department of Environmental Quality
- The approval is so the company can use a low pH in-situ recovery (ISR) technique at its Lance uranium project
- Once the approval is gained, Peninsula Energy will be the first in the U.S. to use this technique
- Peninsula Energy’s share price is remaining flat today, with shares trading for 17 cents each
Uranium miner Peninsula Energy (PEN) has submitted an interim restoration report (IRR) to the Wyoming Department of Environmental Quality (WDEQ) for its Lance Project.
According to the company, it believes all requirements for a successful submission have been completed. Gaining this approval will allow the Peninsula Energy to use low pH in-situ recovery (ISR) technique at the uranium project.
Once this approval has been obtained, the company will become the first in the U.S. to use this technique.
“Peninsula, through the efforts of its Lance Project team, continues to deliver on the key steps in the progression of our ambition to be the first uranium project located in the United States utilising the cost effective and efficient low pH ISR methodology,” company CEO and Managing Director Wayne Heili said.
This year, a number of trials were conducted to test the ISR method in order to have it ready for the approval submission.
In October, an interim operations report was submitted and approved by WDEQ, allowing low pH operations to commence in Mine Units 1 and 2. This next approval will allow the technique to be used project-wide.
“While we wait for the completion of the IRR regulatory review, the company will continue with its planned activities designed to de-risk and refine key technical aspects of the low pH transition at Lance,” Wayne commented.
Peninsula Energy’s share price is remaining flat today, with shares trading for 17 cents each.