Peninsula Energy Elevates Jitu Bhudia as CFO Amid New Growth Phase

Portfolio - People | Mar 17, 2025 | EIN

Peninsula Energy Elevates Jitu Bhudia as CFO Amid New Growth Phase

Peninsula Energy Ltd has appointed Jitu Bhudia as its Chief Financial Officer, effective March 17, 2025. The move comes as part of Peninsula's transition to being a fully independent producer of dry yellowcake, cementing its place in the uranium industry. With 25 years of financial expertise, Bhudia's experience in capital management and M&A will be instrumental for the company. Bhudia's previous roles include Deputy CFO for Emeco Group Ltd and senior positions at several other firms. His appointment follows the restart of operations at Peninsula’s Lance Uranium Projects in Wyoming, USA, marking its resurgence as a significant player in the uranium market. Peninsula targets first production of dry yellowcake in the June 2025 quarter.

Sectors

  • Energy & Uranium Production
  • Finance & Corporate Governance

Geography

  • Australia – Peninsula Energy is an Australian company, and the newly appointed CFO, Jitu Bhudia, is a member of Chartered Accountants Australia and New Zealand.
  • United States – Peninsula's flagship Lance Uranium Projects are located in Wyoming, USA, where operations have recently restarted.

Industry

  • Energy & Uranium Production – Peninsula Energy is focused on uranium production, specifically at its Lance Uranium Projects, making it part of the energy sector with a focus on uranium mining and production.
  • Finance & Corporate Governance – The appointment of Jitu Bhudia as CFO emphasizes robust financial management, capital management, and corporate governance, crucial for driving shareholder value and supporting strategic growth.

Financials

    Participants

    NameRoleTypeDescription
    Peninsula Energy LtdTarget CompanyCompanyAn Australian uranium mining company focusing on the Lance Uranium Projects in Wyoming, USA.
    Jitu BhudiaNewly Appointed CFOPersonRecently appointed as the Chief Financial Officer of Peninsula Energy, bringing over 25 years of financial leadership experience.
    Willie BezuidenhoutInterim CFOPersonFormer Interim CFO and current Vice President of Corporate Development at Peninsula Energy.
    George BaukManaging Director and CEOPersonCEO of Peninsula Energy, leading the company through its transition to a major uranium producer.