News Articles for Peninsula Energy

Subiaco-based uranium company Peninsula Energy has flagged a write-down of between $US20 million ($29.2 million) and $AUS30 million ($A43.8 million) stemming from its Lance on-site recovery project in the US state of Wyoming.

Peninsula Energy has signed an agreement to sell a portion of its interests in an existing long-term uranium sale and purchase deal for $US19 million ($23.7 million).

Peninsula Energy has announced that John G Simpson will be stepping down as managing director and chief executive. He will be replaced by Wayne Heili who will commence with the company in April.

Michael Fry has been appointed as company secretary of Globe Metals & Mining.

When newly appointed managing directors agree to work for nothing, it's a sure sign the cost pressures facing listed companies are getting more acute.

Peninsula Energy has secured $69.4 million in fully underwritten institutional funding for its Lance projects in Wyoming, enabling the company to transition to a uranium producer in 2015.

Subiaco-based resource exploration company TNG has been awarded damages of $3.5 million after a court case that spanned more than a decade, but has cautioned that the impact of the "extraordinarily complex" judgement remains unclear.

Soft commodity prices have driven the market capitalisation of Western Australia's listed companies lower, bringing recent gains to an end.

Uranium explorer Peninsula Energy has raised $5 million in a share placement to asset manager JP Morgan.

Pay cuts, some up to 50 per cent, were the order of the day in the Business News quarterly CEO salary survey, but not all companies have been on trend.