Australia's Peninsula Energy jumps on first dried yellowcake production at U.S. plant

Peninsula Energy

16/09/2025 04:41

** Shares of Australia's Peninsula Energy  PEN.AX rise as much as 17.9% to A$0.33, their highest level since September 3

** Uranium miner says it successfully produced its first dried yellowcake, which is a form of uranium concentrate, from its Lance Central Processing Plant  in Wyoming, USA

** Adds milestone makes co an independent end-to-end producer of dried yellowcake

** Stock posts its biggest intraday pct gain since August 6, 2024

** Around 18.4 mln shares change hands, 5.8x the 30-day average volume

** Stock last up 14.3%, trimming YTD losses to 65.8%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))