Boss takes key growth step with completion of US acquisition
Australia’s Boss Energy has completed the acquisition of a 30% stake in the Alta Mesa in-situ recovery uranium project for $60-million in cash.
The company acquired the interest in the project, located in south Texas, from Nasdaq- and TSX-V-listed enCore Energy.
“The Alta Mesa project has many key similarities to our Honeymoon uranium project in South Australia, where the commissioning process is well on track and we are set to produce our first drum of uranium in the coming weeks,” said Boss MD Duncan Craib.
"Alta Mesa will also enable us to diversify our production on both a project and geographical basis,” he added.
Craib pointed out that Boss’ strong production and growth outlook was underpinned by a robust balance sheet with no debt and a strategic uranium stockpile now worth $195-million based on current spot prices.
“We look forward to developing future opportunities to collaborate with enCore.
“The combination of the significant commissioning progress and ramp-up at Honeymoon, the exploration success which will underpin growth there, the Alta Mesa acquisition, our very strong balance sheet and impending cashflow means we are ideally positioned to capitalise on the strong demand for uranium from tier-one locations.”
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation