Wyoming Uranium Producer Ramps Up To Meet $100M-Plus Sale To European Buyer

Strata Energy proposes to sell a significant amount of Wyoming uranium to a Belgium company. (Strata Energy) Strata Energy Inc., the U.S. unit of Australian-based Peninsula Energy Ltd., is on schedule to begin uranium production at its central processing plant in northeastern Wyoming by December, an executive of the Wyoming business told Cowboy State Daily on Monday.

Peninsula is moving forward with uranium recovery operations in the northeastern part of the state roughly 25 miles north of Moorcroft in the coal-rich Powder River Basin region.

Peninsula, which has already invested about $50 million in the processing plant, has lined up supply deals with U.S. and European-based utilities, said Peninsula Energy’s Managing Director and CEO Wayne Heili.

“The key is that the uranium industry is doing its part to bringing production back to the state of Wyoming because economic conditions are right,” Heili said.He estimated that employment is expected to double to roughly […]

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