Peninsula Energy Limited (OTCMKTS: PENMF) is an Australia-based uranium mining and development company focused on in-situ recovery (ISR) extraction in the United States. The company’s primary asset is the Lance Projects, located within Wyoming’s Powder River Basin, where it operates a central processing plant and associated wellfields under license from the U.S. Nuclear Regulatory Commission. Peninsula Energy’s ISR approach involves circulating oxygenated water through subsurface sandstone aquifers to dissolve uranium, then recovering the uranium-rich solution at surface facilities for purification and precipitation as U3O8.
In addition to its flagship Lance Projects, Peninsula Energy holds exploration and development rights for nearby satellite deposits in the Barnes Dome area of Wyoming. These satellite projects are positioned to leverage the existing processing infrastructure, offering potential for phased expansion. The company continuously advances technical studies and drilling programs to convert resources into reserves and to optimize wellfield designs.
Headquartered in Perth, Western Australia, Peninsula Energy maintains offices in Denver, Colorado, to support its U.S. operations. The company is led by Managing Director and Chief Executive Officer Peter Troughton, who brings more than two decades of experience across Australian and North American mining sectors. Peninsula Energy’s board and management team emphasize operational excellence, regulatory compliance and community engagement, working closely with local stakeholders, including landowners and regulatory authorities.
Founded in 2002 (originally as Energy Metals Limited and rebranded in 2014), Peninsula Energy has evolved from an exploration-focused enterprise into a uranium producer with an advanced ISR platform. The company’s strategy centers on scalable production growth, cost control and readiness to supply uranium to utilities as demand for nuclear energy expands globally. With its established Wyoming infrastructure and ongoing development programs, Peninsula Energy aims to become a reliable low-cost supplier in the evolving uranium market.
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