Cameco forecasts lower 2011 uranium production

"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."

The French nuclear fuels company move comes in response to Niger's cancellation of Orano's subsidiary mining licence.

Peninsula is anticipating 600,000 lb. of U3O8 production at Lance during the 2025 ramp-up year.

The deal is expected to be completed by early January 2025.