Peninsula Energy (ASX:PEN) and its unit, Strata Energy, said they have received the main regulatory approvals required to commence uranium recovery operations at the Kendrick project area of the Lance projects in Wyoming, according to a Tuesday Australian bourse filing.

Together, the Ross and Kendrick areas of the project host a combined resource base of 26.2 million pounds of triuranium octoxide, supporting at least a decade of production-ready uranium supply.