Boss Energy (ASX:BOE)

Boss Energy: Multi-mine Uranium Producer in Australia and the US


Australian uranium producer Boss Energy (ASX:BOE) has two projects – the 100 percent-owned Honeymoon uranium project in South Australia and the 30 percent-owned Alta Mesa project in the US.

The macro-environment and steps taken by the US government remain favorable for uranium producers such as Boss Energy. The US Congress recently enacted legislation prohibiting the importation of Russian uranium products known as the Prohibiting Russian Uranium Imports Act (HR 1042), valid until 2040.

Boss Energy Honeymoon ISR & IX Mine

The Honeymoon uranium project in South Australia spans approximately 80 kms northwest of Broken Hill. The project is home to the historical Honeymoon uranium mine, Australia's second operating in-situ recovery uranium mine. It began production in 2011 under the previous ownership of Uranium One. Operations at Honeymoon were halted in November 2013 due to declining uranium prices. Subsequently, Boss Energy acquired the project in 2015. The company has since restarted the mine, with the first drum of uranium produced in April 2024.

Company Highlights

  • Boss Energy is an Australia-based uranium producer focused on its two key projects – the 100 percent owned Honeymoon Uranium Project in South Australia and the 30 percent owned Alta Mesa Project in the US.
  • In June 2024 Boss became a multi-mine uranium producer through the Honeymoon and Alta Mesa Projects.
  • The Honeymoon uranium mine commenced production in April 2024, with the first sale of uranium expected in July 2024.
  • Annual production at Honeymoon is forecast to reach 2.45 Mlbs of U3O8.
  • The Alta Mesa uranium mine commenced production in June 2024, with first sale of uranium expected in October 2024.
  • Annual production at Alta Mesa is forecast to reach 1.50 Mlbs of U3O8. Once steady-state operations are established, Boss’s 30 percent share of the production amounts to 500,000 lbs per year.
  • Uranium prices have been the highest since 2008 at over US$80/lb. Prices are expected to remain strong due to the tightness of the uranium supply/demand balance. The company’s first production is timed with strong market fundamentals.
  • The company has signed two sales agreements to supply 1.8 million pounds of U3O8 to leading power utilities in Europe and the US, spanning eight years from 2024 to 2032. The company plans to pursue additional agreements as the price of uranium increases.

This Boss Energy profile is part of a paid investor education campaign.*

Click here to connect with Boss Energy (ASX:BOE) to receive an Investor Presentation

BOE:AU
The Conversation (0)
Boss Energy (ASX:BOE)

Boss Energy Limited


Keep reading...Show less

Multi-mine uranium producer in Australia and the US

enCore Energy Hosts Grand Opening of the Alta Mesa Uranium Plant with George W. Bush, the 43rd President of the United States

enCore Energy Hosts Grand Opening of the Alta Mesa Uranium Plant with George W. Bush, the 43rd President of the United States

NASDAQ:EU
  TSXV:EU
www.encoreuranium.com

EnCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the " Company " or " enCore" ), a uranium producer and America's Clean Energy Company™, announced today that the Company held a grand opening celebration at its Alta Mesa In-Situ Recovery ("ISR") Uranium Central Processing Plant ("CPP") and Wellfield on Thursday, October 3 rd in South Texas . The private event, attended by 300 guests, featured a special conversation between George W. Bush, the 43 rd President of the United States and William M. Sheriff Executive Chairman of enCore Energy. Guests had the opportunity to hear about President George W. Bush's time in the White House, the challenges facing our nation in the 21st century, as well as his current work at the George W. Bush Presidential Center.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Stallion Uranium (TSXV:STUD)

Stallion Uranium

Keep reading...Show less
Green financial graph with upward arrow indicating positive market growth.

SPUT's US$200 Million Uranium Buying Plan Spurs Market Rally

The U3O8 spot price climbed sharply to kick off the week, hitting US$76.21 per pound.

Its Monday (June 16) rise is a 9.7 percent gain from the previous week's close of US$69.47, and came after news that the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) had penned a US$100 million bought-deal financing.

The financing was upsized to US$200 million the same day "as a result of strong investor demand."

Keep reading...Show less
Business handshake with overlaid city skyline and stock market charts, symbolizing financial growth.

Critical One Sells Uranium Assets to Dark Star, Hones Focus on Antimony-Gold Project

Critical One Energy (CSE:CRTL,OTCQB:MMTLF), formerly Madison Metals, announced on June 12 that it has entered into an agreement with uranium-focused Dark Star Minerals (CSE:BATT) to sell 100 percent of its interests in the Khan West and Cobra North uranium projects in Namibia’s Erongo uranium province.

The acquisition will transfer Critical One’s Namibian uranium assets — specifically the Khan West and Cobra North projects — through staged cash payments and share issuances over a two year period.

The move signals a strategic shift by Critical One toward its Howells Lake antimony-gold project in Ontario, Canada, as it aims to capitalize on growing demand for critical minerals.

Keep reading...Show less

Latest Press Releases

Related News

×