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The latest announcement is out from Boss Energy Limited ( (AU:BOE) ).
Boss Energy Limited has declared commercial production at its Honeymoon Uranium Project in South Australia, following a successful ramp-up in operations. The project is set to meet production guidance of 850,000 lbs of U3O8 for FY25, with C1 cost guidance of $37-41/lb (USD $23-25/lb) aligning with inflationary trends. The successful implementation of ion-exchange technology has been pivotal to reaching this milestone. Simultaneously, Boss’s investment in the Alta Mesa Uranium Operation in Texas has yielded its first uranium shipment, reinforcing the company’s growth trajectory. With a robust balance sheet of $252 million in liquid assets and zero debt, Boss is well-positioned for long-term success and aims to enhance shareholder value amidst a favorable uranium market cycle.
More about Boss Energy Limited
Boss Energy Limited operates in the uranium industry, focusing on the development and production of uranium projects. Its primary projects include the Honeymoon Uranium Project in South Australia and a 30% stake in the Alta Mesa Uranium Operation in Texas, US. The company aims to capitalize on the growing demand for uranium, particularly in the western world, as a multi-mine tier 1 uranium producer.
YTD Price Performance: 10.04%
Average Trading Volume: 23,801
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $814.4M
Learn more about BOE stock on TipRanks’ Stock Analysis page.
