(MENAFN- ProactiveInvestors)
() has appointed nuclear fuel executive Harrison (Hink) Barker as a non-executive director.
Until recently he was a senior manager at Dominion Resources (NYSE:D) where he worked for over 40 years primarily with commercial and technical responsibilities for fossil and nuclear fuel.
Dominion is a large producer and transporter of electricity in the United States with a portfolio of approximately 24600 megawatts of generation.
This includes six operating nuclear power plants located in both regulated and merchant markets with an annual average requirement of 2.7 million pounds of uranium.
Since 1992 Barker was manager of nuclear fuel procurement at Dominion with managerial oversight of Dominion’s procurement of nuclear fuel and the related processing steps of conversion from U3O8 to UF6 enrichment of UF6 and fabrication of nuclear fuel bundles for power generation.
He is a former chairman of the Nuclear Energy Institute’s Utility Fuel Committee and the World Nuclear Fuel Market Trade Association. He also served on an Advisory Board to American Uranium Corporation when it developed the Wyoming Reno Creek uranium deposit.
John (Gus) Simpson managing director said:
“Hink is a valued addition to the Board bringing an extensive understanding of the U.S. nuclear power generation fuel supply requirements.
“Hink’s knowledge and connections with U.S. nuclear utilities will assist the company in its goal to directly partner with them as a dependable efficient long term supplier of uranium fuel.”
Peninsula which is on track to start uranium production from its Lance Projects in Q4 2015 recently received a Buy recommendation with a share price target of $0.04 from UK broker RFC Ambrian.
The company is also progressing a listing on the New York Stock Exchange.
PEN last traded at $0.024.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.