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Australia Company Targets 85 Million Pounds Of Uranium In Northeast Wyoming

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Australia Company Targets 85 Million Pounds Of Uranium In Northeast Wyoming


To meet growing demand for uranium worldwide, Australian-based Peninsula Energy Ltd. said that it has begun construction on a central processing plant in northeastern Wyoming.

The company’s Ross processing plant will take uranium processed at other Peninsula-owned mines in northeastern Wyoming and produce yellowcake, which is then shipped to Illinois to turn into enriched fuel for nuclear reactors.

The fuel supply chain looks upbeat for Peninsula.

On Monday, Peninsula expanded its estimate for uranium underground in its flagship Lance project near Gillette by 7.8% to 58 million pounds.

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The company also expanded its estimates for uranium deposits by 19.6% to 26.2 million pounds in its nearby Ross and Kendrick mines, also located in the northeastern Wyoming area.

“This resource growth comes at an opportune time with the United States government continuing to take meaningful action to reinvigorate its domestic uranium production and nuclear fuel cycle capacity, [while] the company continues preparing for the resumption of commercial production at our U.S.-based Lance projects,” said Wayne Heili, Peninsula’s managing director and CEO, in a prepared statement.

Uranium Going Nuclear

Several uranium companies in Wyoming are posturing for increased production of the commodity because of higher demand in the United States for nuclear fuel, especially since federal lawmakers have responded to Russia’s invasion of Ukraine by banning imports from Russia.

This month’s ban by Washington has spurred domestic development of nuclear fuel for reactors and led to many uranium mining companies to restart production in Wyoming and elsewhere.

Uranium spot prices hit $107 per pound in early February but have since backed off to about $91 a pound as of Monday, according to Atlanta-based UxC LLC, which tracks uranium spot prices on a nuclear fuel exchange.

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Peninsula does business in Wyoming through its Strata Energy Inc. unit, which operates the Lance project near Gillette and other mines.

The Ross central processing facility is a key part of Peninsula’s supply chain in Wyoming.

“This is a key piece of the jigsaw for us, providing the ability to produce a finished product for our customers without having to rely on any third-party processing facilities,” Heili said.

“We remain confident of hitting our production targets for 2025,” he said.

Samuel Engineering Inc., with offices in Wyoming and Denver, was hired by Peninsula to get the project ready for restart of production before the end of 2024.

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Double Capacity At Ross

The Ross plant was originally built in 2015 as an alkaline in-situ recovery facility capable of producing up to 1 million pounds annually of uranium. Samuel was hired to build additional plant facilities to expand production capacity to 2 million pounds.

Instead of digging up uranium in a mine or surface pit, Wyoming’s mining companies perform in-situ recovery of the mineral. This kind of operation involves pumping oxygenated water with an occasional addition of bicarbonate of soda into the ground to get at the uranium.

In-situ mining has low environmental impact.

In this process, the uranium is dissolved and pumped to the surface, where the mineral is stripped from the water. The water stripped of uranium is then returned underground.

In March, Peninsula agreed to sell between $88 million and $117 million worth of Wyoming uranium to a European nuclear fuel buyer from the Lance project.

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To pay for restart of production at the Lance facility, Peninsula raised nearly $60 million in late 2023. Combined, the company plans to take uranium mined at the Kendrick, Barber and Dagger project in Crook County, Wyoming, and convert it to yellowcake at the Ross processing facility.

The agreement with the European buyer requires the company to sell 1.2 million pounds of uranium over a six-year period starting in 2028 to Synatom, which manages the supply of enriched uranium to Belgium’s nuclear power plants.

With the inclusion of this new sales agreement, the company’s total contractual sales obligation over the upcoming decade is 6 million pounds.

Pat Maio can be reached at pat@cowboystatedaily.com.



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Wyoming Town Rivalries – Feuds & Hate

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Wyoming Town Rivalries – Feuds & Hate


Since moving to Wyoming many years ago, and having lived in a few towns around the state, I find that some town and city rivalries must be addressed. Some are based on past conflicts that still cause pain to this day. Some are unexplained.

For example, to this day, all of Johnson County still does not trust Cheyenne after the Johnson County War of 1892. Cattlemen in Cheyenne sent a hit squad hired by the barons to invade Johnson County to eliminate alleged rustlers. A shootout that lasted several days ensued.

Other town rivalries include:

Green River vs. Rock Springs: The two towns are close together and share one of the most intense and oldest community, cultural, and athletic rivalries in the state.

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Lander vs. Riverton: Located in Fremont County, this rivalry dates back to 1922 and divides the area over high school football bragging rights. They talk a lot of smack about each other.

Cheyenne vs Casper: The towns just HATE each other. I’ve lived in both, and I can tell you that there is nothing wrong with either town. But I’ve come across people in both towns who talk about their hatred of the other.

There is not a lot of love across Wyoming for Jackson, mostly because of the mega-rich liberals who live there. Many of those mega-rich liberals look down on the rest of Wyoming.

Folks talk smack about Laramie, but in a very different way than people talk smack about Gillette.

Having traveled around Wyoming, I can tell you that most of this hate is just nonsense and a waste of time. In the end, we are all Wyomingites. Just one big bickering family who still have each other’s backs when it comes down to it.

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The Charmingly Odd Town Of La Grange Wyoming

It is well worth the long drive to see one of the most interesting and quirky little towns in Wyoming.

Stay for lunch. You won’t regret it.

Gallery Credit: Glenn Woods

Jay Em, Wyoming, Frozen In Time

Jay Em, what an unusual name for a town.The few people who live there are proud of what their spot on earth once was, and they work to preserve it. They keep this little community frozen in time.

Gallery Credit: Glenn Woods

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Wyoming mountain bike hotspot Curt Gowdy wants to know how it can improve

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Wyoming mountain bike hotspot Curt Gowdy wants to know how it can improve





Wyoming mountain bike hotspot Curt Gowdy wants to know how it can improve – County 17



















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Hoping to draw Colorado interest, construction begins at $80M betting facility in Laramie County

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Hoping to draw Colorado interest, construction begins at M betting facility in Laramie County


CHEYENNE, Wyo. — Foundation work is beginning this week on Wyoming’s next horse betting and gaming house.

The $80 million Wyoming Downs facility in Laramie County, one of two the company is investing in over the next couple of years, is poised to be one of the largest facilities of its kind in the state. The company is aiming for a spring 2027 opening.

The facility will host upwards of 600 historic horse racing machines, Wyoming’s largest TV wall, multiple dining options and more across 58,000 square feet. More land was bought for future hotel development. Commuters driving between Cheyenne and the Colorado border can see clearly from Interstate 25 the expansive development.

That placement along the travel corridor is purposeful, Wyoming Downs and 307 Horse Racing President Kyle Ridgeway said.

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“I think that the targeted consumer for this is from Colorado or from the Front Range,” Ridgeway said. “I anticipate we’re going to have plenty of people from Cheyenne come down here to play and enjoy the amenities, but when you look at 600,000 people within a 30-minute drive, that’s what justifies this investment and brings all that tax revenue in from another state, which is fantastic.

“We don’t get the opportunity to do that in Wyoming very often.”

Wyoming Downs and 307 Horse Racing President Kyle Ridgeway speaks to attendees at the joint venture’s groundbreaking ceremony for an $80 horse betting facility in Laramie County June 2, 2026. (Garrett Grochowski, Cap City News)

There is still plenty to offer Cheyenne residents besides the facility’s amenities. Ridgeway said in a speech to attendees at the project’s groundbreaking Tuesday, June 2, that more than 150 permanent jobs will be supported by the facility on top of the dozens supported by the companies’ corporate offices and the 400-plus involved in the project’s construction.

Groathouse Construction, a Wyoming business, is the project’s general contractor. Wyoming Downs said it believes putting the project in local hands also helps keep the project uniquely Wyoming-focused.

Ridgeway added the facilities have already proven themselves to be effective tax revenue generators for the local governments. The Wyoming Gaming Commission’s 2025 report, released in late May, shows bettors wagered $2.49 billion on historic horse racing machines last year, a jump from the $2.11 billion wagered in 2024.

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Wyoming Downs facilities generate roughly $25 million in taxes annually across the state, and Ridgeway estimated after the ceremony that the upcoming $80 million facility alone will generate an additional $3 million for Laramie County once the property has been in operation for a few years.

Horse betting sites have been increasingly popping up across Wyoming this decade. The Wyoming Downs location will be Cheyenne’s second large-scale horse betting facility since 2024, when the 30,000-square-foot Horse Palace at Swan Ranch opened. Ridgeway said Wyoming Downs is still offering something fresh for tourists and residents.

“This’ll have amenities that Swan Ranch doesn’t have, including the largest TV wall in Wyoming and a pretty super-cool sports viewing area with a restaurant and just a level of finish and class that I don’t think Wyoming has quite seen yet with these types of properties,” he said.

Ridgeway said he thinks resident fatigue with these facilities isn’t as strong as it appears, especially given the tourism benefits of off-track betting.

“Wyoming’s been built on mineral extraction and tourism, and what this is is a touristic facility. I’m not aware of any particular pushback about this specific facility outside of — you see random social media comments where people say, ‘Oh, another gambling facility.’ But where this is located, I think people in Cheyenne have generally been supportive of,” he said.

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The Laramie County facility will be just one part of a larger project Wyoming Downs is working on over the next few years. Construction will begin in early 2027 on a similar facility in Evanston looking to draw in Utah and western Colorado crowds.

Some of the company’s current facilities, notably in Casper, Cheyenne and Rock Springs, will see millions poured into renovations as well. New smaller-scale parlors will also go up in Gillette and Green River this year, according to an information packet provided by the company.

More details will come as the construction process develops, Ridgeway said. Details about amenities, such as what the complex’s dining options will look like, remain undisclosed, though Ridgeway promised that options will be “excellent.”

“We haven’t made final selections on what the options are, but we have a number of different options on the table that we’re considering for what we want to offer for the customers,” Ridgeway said. “You have to have something that’s high quality for where this is located. If somebody’s going to drive 25 or 35, or even 45 minutes to come here, they got to be able to sit down and have a quality meal.”

For more information as it becomes available and to learn more about Wyoming Downs facilities and 307 Horse Racing‘s events and offerings, see the companies’ websites. Renderings for the upcoming Cheyenne facility commissioned by the company are available for viewing below.

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Rendering of an exterior section of the Wyoming Downs and 307 Horse Racing gaming facility, which begins construction the week of June 1, 2026, and will likely open sometime in spring 2027 (Image courtesy of Wyoming Downs and 307 Horse Racing)
Rendering of an interior section of the Wyoming Downs and 307 Horse Racing gaming facility, which begins construction the week of June 1, 2026, and will likely open sometime in spring 2027 (Image courtesy of Wyoming Downs and 307 Horse Racing)
Rendering of an interior section of the Wyoming Downs and 307 Horse Racing gaming facility, which begins construction the week of June 1, 2026, and will likely open sometime in spring 2027 (Image courtesy of Wyoming Downs and 307 Horse Racing)
Rendering of an interior section of the Wyoming Downs and 307 Horse Racing gaming facility, which begins construction the week of June 1, 2026, and will likely open sometime in spring 2027 (Image courtesy of Wyoming Downs and 307 Horse Racing)
Rendering of an interior section of the Wyoming Downs and 307 Horse Racing gaming facility, which begins construction the week of June 1, 2026, and will likely open sometime in spring 2027 (Image courtesy of Wyoming Downs and 307 Horse Racing)
Rendering of an interior section of the Wyoming Downs and 307 Horse Racing gaming facility, which begins construction the week of June 1, 2026, and will likely open sometime in spring 2027 (Image courtesy of Wyoming Downs and 307 Horse Racing)
Rendering of an interior section of the Wyoming Downs and 307 Horse Racing gaming facility, which begins construction the week of June 1, 2026, and will likely open sometime in spring 2027 (Image courtesy of Wyoming Downs and 307 Horse Racing)





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