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Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
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  • Peninsula Energy Director Steps Down 0 comments
    Jan 30, 2014 12:11 AM

    Peninsula Energy (ASX: PEN) director Michael Barton has stepped down from his role with immediate effect.

    The company had in December noted it is was continuing allowable pre-license construction activity at the Ross Permit Area of its Lance Uranium Projects in Wyoming ahead of its being issued the final Source Material Licence.

    Work is continuing at the central processing plant building and administration facility sites.

    Excavation has also started for the installation of the Containment Barrier Wall (CBW), located along the south side of the building and pond locations.

    Peninsula is well positioned to move quickly to full construction of the central processing plant and production well-fields upon issuance of the SML from the Nuclear Regulatory Commission, scheduled for late March 2014.

    Subject to financing and SML grant, commencement of production at Ross is planned for the second half of 2014.

    Ross will have production capacity of up to 1.25 million pounds per annum. It will be followed by Kendrick, ramping up over several years to a steady state 2.3 million pounds per annum.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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