Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

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

by admin June 29, 2024
June 29, 2024
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.

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

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Balkan Mining and Minerals Limited (ASX: BMM) – Trading Halt
next post
Falco Announces Resignation of Board Member

Related Posts

Top 5 Most-popular Gold News Stories of 2024

December 31, 2024

Many Peaks Minerals Ltd (ASX: MPK) – Trading...

June 4, 2024

Noble and Canada Nickel Announce Signing of Definitive...

January 8, 2025

Stallion Uranium Refines Coyote Target with Highly Conductive...

July 22, 2025

Charbone Hydrogene annonce des debentures convertibles de remplacement...

September 19, 2025

Maiden Drill Program Commences at Oasis Uranium Project

July 28, 2025

Top 5 Palladium and Platinum Countries by Production

October 30, 2024

Element79 Gold Corp. Announces Grant of Management Cease...

January 3, 2025

CONNEQT Pulse Pre-orders Commence

November 1, 2024

Top 9 Manganese-producing Countries

March 19, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Israel to deploy first combat-ready laser weapon system for operational air defense

      October 16, 2025
    • Pentagon advisor accused of hoarding classified docs placed on leave by prominent DC think tank

      October 16, 2025
    • US military to oversee next phase of peace deal from coordination base in Israel

      October 16, 2025
    • House Republicans say GOP holds winning hand in shutdown fight with Democrats

      October 16, 2025
    • Judge temporarily blocks Trump admin layoffs of thousands of federal workers during government shutdown

      October 16, 2025

    Categories

    • Business (1,119)
    • Investing (3,260)
    • Politics (3,980)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved