Namibia uranium deal on the boil for Rio

Limits creates potential supply risks to utilities operating American reactors that generate almost a fifth of the country’s electricity. 

The battery metal has slumped from a peak in late 2022 amid oversupply and weak demand from the electric vehicle sector.

Peninsula also announced that CEO Wayne Heili will step down next year.

In its Q3 results release, the company noted that the silver mine expansion is essentially complete at 99%.