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BUZZ-Australia's Peninsula Energy rises on approval for uranium project area expansion

ReutersJan 14, 2025 2:25 AM

** Shares of Peninsula Energy Ltd PEN.AX rise as much as 11.6% to A$1.440, posting their biggest intraday pct gain since Dec. 24, 2024

** Stock touches highest level since Jan. 6

** Uranium miner says it has received final approval from U.S. regulators to expand the authorised mine permit area for its flagship Lance Uranium project in Wyoming

** Says expansion will include Kendrick project area

** Stock fell 38.4% in 2024

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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