Boss Energy emerges as global uranium supplier amid soaring market demand

Small Caps04-29

Boss Energy’s (ASX: BOE) emergence as the world’s newest uranium producer could not have been timed better, with fast rising spot prices and prospects for further hikes. The March quarter saw the ...

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class=\"title\">\nBoss Energy emerges as global uranium supplier amid soaring market demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-29 11:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://smallcaps.com.au/boss-energy-emerges-global-uranium-supplier-soaring-market-demand/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Boss Energy’s (ASX: BOE) emergence as the world’s newest uranium producer could not have been timed better, with fast rising spot prices and prospects for further hikes.\nThe March quarter saw the ...</p>\n\n<a href=\"https://smallcaps.com.au/boss-energy-emerges-global-uranium-supplier-soaring-market-demand/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://smallcaps.com.au/boss-energy-emerges-global-uranium-supplier-soaring-market-demand/","article_id":"2431073914","we_media_id":null,"thumbnails":["https://cdn.shortpixel.ai/client/w_868,q_lossy,to_auto,ret_wait/https://150309019.v2.pressablecdn.com/wp-content/uploads/2024/04/Boss-Energy-ASX-BOE-quarterly-report-Honeymoon-Alta-Mesa-uranium.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431073914","pubTimestamp":1714360124,"sourceInfo":{"source_id":"smallcap_stock","name":"Small Caps"},"weMediaInfo":null,"summary":"Boss Energy’s  emergence as the world’s newest uranium producer could not have been timed better, with fast rising spot prices and prospects for further hikes.The March quarter saw the South Australian producer finish the successful commissioning of its Honeymoon mine.That mine is now ramping up to a production rate of 2.45 million pounds of uranium oxide per annum.The company says Honeymoon is already exceeding feasibility study forecasts.Boss is now executing plans to increase the production rate and mine life at the site.The company will become a two-mine producer in the current quarter with commissioning of its 30%-owned Alta Mesa mine in the US.Its share of production in Texas will be 500,000lbpa, with potential for future resource growth and drying capacity to expand the existing 1.5Mlb plant capacity.Meeting these new fuel needs will require considerable growth in uranium production, according to the company.“Even small increases in demand are likely to put pressure on price and","collect":0,"end_time":0,"defaultTopTitle":"smallcaps.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"XKO.AU":"标普/澳交所 300指数","BOE.AU":"BOSS ENERGY LTD","XAO.AU":"标普/澳交所 普通股指数","BK7083":"煤与消费用燃料","XJO.AU":"标普/澳交所 200指数"},"translate_title":"市场需求飙升，博斯能源成为全球铀供应商","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE.AU":1,"XAO.AU":0.74,"XJO.AU":0.74,"XKO.AU":0.74},"content_text":"Boss Energy’s (ASX: BOE) emergence as the world’s newest uranium producer could not have been timed better, with fast rising spot prices and prospects for further hikes.\nThe March quarter saw the South Australian producer finish the successful commissioning of its Honeymoon mine.\nThat mine is now ramping up to a production rate of 2.45 million pounds of uranium oxide per annum.\nThe company says Honeymoon is already exceeding feasibility study forecasts.\nBoss is now executing plans to increase the production rate and mine life at the site.\nAlta Mesa commissioning\nThe company will become a two-mine producer in the current quarter with commissioning of its 30%-owned Alta Mesa mine in the US.\nIts share of production in Texas will be 500,000lbpa, with potential for future resource growth and drying capacity to expand the existing 1.5Mlb plant capacity.\nBoss bought the stake in Alta Mesa last December in a deal with owner enCore Energy.\nIncreased uranium demand\nIn its analysis of the current uranium market, Boss says increased demand for the fuel is expected as nuclear reactor capacity is projected to rise 18% between 2023 and 2030.\nMeeting these new fuel needs will require considerable growth in uranium production, according to the company.\n“Even small increases in demand are likely to put pressure on price and analysts forecast that the spot price will trend up during the year,” the company reported.\n“Honeymoon mine is in the right place at the right time to supply uranium from the uranium-friendly state of South Australia to a market that is characterised by growing geopolitical instability.”\nSpot uranium reached just over US$100/lb in the March quarter and had stabilised to around US$90/lb by the end of the period.\nGrowth phase\nManaging director Duncan Craib said production of the first drum of uranium was a major milestone in the growth of Boss.\n“As well as being culmination of this journey, the first drum marks the start of Boss’ next phase which we believe will be notable for the growth we will generate in our inventory, mine life, production rates and cashflow,” he added.\nThe current mine plan utilises only 36Mlb of the project’s total resource of 71.6Mlb.\nBoss also has a uranium mineral export permission to cover shipments from Australia up to 3.3Mlbpa.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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