Boss Energy

Production and Revenue Growth at Alta Mesa Uranium Project, Texas

Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) advises that enCore Energy Corp (NASDAQ:EU|TSXV: EU) (enCore) has published a financial and operational update.


enCore is the operator and 70 per cent-owner of the Alta Mesa Uranium Project in Texas, in which Boss has a 30 per cent stake. Alta Mesa is ramping up to an annualised production rate of 1.5 million pounds U3O8. Boss’ share of this production is 30 per cent.

In the update, enCore said: “The Company's outlook is positive, with substantial and growing revenue from Alta Mesa contributing to financial results throughout the first nine months of 2024 and beyond, as additional production and extraction wells come online.

“The nuclear industry outlook remains extremely positive with demand projections outpacing supply for the foreseeable future driven in part by increased electrical demand from Artificial Intelligence (“AI”) and the commitment of many sectors of the economy to achieve zero carbon.

“Continued primary uranium production supply disruptions and constraints continue on a global basis as geopolitical tensions, trade restrictions, and local government decisions are observed.

“Current contracting conditions continue to remain favourable, with term contract pricing now higher than at the current spot price in the high US$70s than it was when the spot price reached its twelve-month high of US$107 per pound U3O 1”.

EnCore reported recently that the first IX (ion exchange) plant at Alta Mesa was commissioned in June 2024 with the second IX plant planned to commence operation in the first quarter of 2025 and the third IX plant planned to be online by year end of 2025.

Ion exchange is a filtration system which removes liquid uranium from groundwater before being dried and processed into uranium yellowcake (i.e. U3O8).

Please refer to enCore’s announcement dated November 14, 2024 for further information2.


Click here for the full ASX Release

This article includes content from Boss Energy Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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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

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Global Atomic Finalizes Off-take Agreement with European Utility

Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to announce that it has signed an offtake agreement with a strategic Europe -based nuclear power utility to supply 260,000 pounds U 3 O 8 per year for three years beginning in 2026.

Global Atomic Corporation (CNW Group/Global Atomic Corporation)

This is the fourth such agreement signed by Global Atomic.  Based on the 2024 Feasibility Study, the Dasa Mine is expected to produce 68.1 million pounds of U 3 O 8 over the operation's current 23-year mine plan.

This latest contract is consistent with the Company's marketing strategy - adding to a portfolio that underwrites profitability and bank finance, whilst providing exposure to strong future market fundamentals.

In addition, pursuant to a request for proposal ("RFP") from a large American utility, the Company recently submitted an RFP for the supply of 700,000 pounds U 3 O 8 over a five-year delivery period, starting in 2028.

With approximately 12.5% of currently defined uranium production contracted, Global has covered its project construction costs and maintains flexibility to enter into further off-take agreements against a backdrop of tightening U 3 O 8 supply dynamics.

Global Atomic President and CEO, Stephen G. Roman stated, "   Utilities continue to be active in the uranium market and securing supply in a dwindling uranium supply universe. This finalization of the European contract is a positive sign amid the geopolitical challenges in Niger and demonstrates the European utility's confidence in our ability to finance and develop Dasa to begin yellowcake deliveries in 2026. "

About Global Atomic

Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The Company's Uranium Division is currently developing the fully permitted, large, high grade Dasa Deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration.  The "First Blast Ceremony" occurred on November 5, 2022 , and commissioning of the processing plant is scheduled for Q1, 2026.  Global Atomic has also identified 3 additional uranium deposits in Niger that will be advanced with further assessment work.

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

The information in this release may contain forward-looking information under applicable securities laws.  Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Global Atomics' development potential and timetable of its operations, development and exploration assets; Global Atomics' ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks.   Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "is expected", "estimates", variations of such words and phrases or statements that certain actions, events or results "could", "would", "might", "will be taken", "will begin", "will include", "are expected", "occur" or "be achieved".  All information contained in this news release, other than statements of current or historical fact, is forward-looking information.   Statements of forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in its public documents filed on SEDAR from time to time.

Forward-looking statements are based on the opinions and estimates of management at the date such statements are made.  Although management of Global Atomic has attempted to identify important factors that could cause actual results to be materially different from those forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance upon forward-looking statements.  Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities law.  Readers should also review the risks and uncertainties sections of Global Atomics' annual and interim MD&As.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

Global Atomic - TSX 30 - OTX 50 (CNW Group/Global Atomic Corporation)

SOURCE Global Atomic Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/19/c7032.html

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