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Peninsula Energy Adds Senior Executive To Subsidiary Strata Energy

Peninsula Energy (ASX: PEN) has appointed Mike Griffin as vice president of permitting, regulatory and environmental compliance for U.S. subsidiary Strata Energy.

Griffin has over 35 years experience in the nuclear industry and extensive experience in the management of field operations, facility licensing, permitting, regulatory affairs, environmental protection, industrial safety programs and radioactive waste management.

He joins Strata after four years with Uranium One where he served as vice president of safety, health and environment/corporate social responsibility.

Prior to that, he was director of environmental and regulatory affairs and was responsible for the development and oversight of safety, health, environmental and social responsibility programs at conventional and solution uranium mining operations in the United States, Australia, Tanzania and Kazakhstan.

In this role, Griffin was also responsible for managing licensing, permitting and regulatory affairs in the western U.S., including the successful licensing and permitting of the La Palangana Uranium Project in Texas and the Moore Ranch Uranium Project in Wyoming.

The Moore Ranch Project was the first uranium recovery project licensed by the U.S. Nuclear Regulatory Commission in over a decade.

Griffin also served as manager of health, safety and environmental affairs with Cameco subsidiary Crow Butte Resources from 1998 to 2006, where he was the primary corporate contact with regulatory agencies and directed the activities of the EHS Department.

He was responsible for all environmental, health and safety compliance programs and regulatory affairs for operating an ISR operation, as well as preparation of all regulatory submittals.

Peninsula Energy is targeting production from its Lance Projects in Wyoming in the second half of 2013 at an initial rate of 750,000 pounds of uranium per annum, ramping up over three years to 2.2 million pounds per annum.

The company is well advanced in project funding discussions, with Peninsula announcing earlier this year that several financial institutions were reviewing the Lance projects database.

Lance project funding is expected to be secured in the second half of 2012.

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