Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) has thanked executive director of Finance and Corporate Affairs, chief financial officer and joint company secretary Rachel Rees after advising that she would leave her positions to pursue other interests.
The effective date for the change will be April 4, 2024, with Rees to also retire from her position on the board on this date.
“Valued participation”
Peninsula non-executive chairman John Harrison said: “On behalf of the company, I thank Rachel for her efforts and her valuable contribution over the last two years, in both her executive and original non-executive positions with the company, during what has been an extremely busy time.
"We were very grateful when Rachel stepped in to assume her executive role and for her valued participation in the financing of our Lance projects.
"We recognise and support Rachel’s wish to return to the non-executive environment and we wish her all the best in the future.”
The company has started the process to find a suitably qualified replacement(s) for Rees in her executive positions while Jonathan Whyte will continue in his role as company secretary.
About Peninsula Energy
Peninsula Energy is an ASX-listed uranium mining company which began in-situ recovery operations in 2015 at its 100% owned Lance Projects in Wyoming, USA.
Following a positive feasibility study, Peninsula is embarking on a project transformation initiative at the Lance Projects to change from an alkaline ISR operation to a low pH ISR operation with the aim of aligning the operating performance and cost profile of the project with industry-leading global uranium production projects.