Peninsula Energy is planning to construct and operate an in-situ uranium recovery facility at its Ross ISR project, located near Oshoto, in north-eastern Wyoming, US.
The facility will comprise wellfields, pipelines and a central plant to process extracted uranium into yellowcake for commercial use in nuclear power plants.
The company, through its subsidiary Strata Energy, has submitted an application to the US Nuclear Regulatory Commission for a combined source and 11e.(2) byproduct material licence to begin the work.
The application was submitted after 25 months of drilling, baseline testing, data analysis, resource modelling, process design and public outreach, the company said.
Peninsula aims to commence uranium mining at the Ross project in 2012.