Boss Energy Expands Uranium Output as Honeymoon and Alta Mesa Ramp-Up Gains Pace

Highlights

• Boss Energy advances uranium production through developments at Honeymoon and Alta Mesa

• The company reports increased uranium output and strong inventory levels

• Alta Mesa achieves improved uranium capture rates under joint development

Boss Energy (ASX:BOE) continues expanding its presence in the uranium sector with ongoing production advances at its Australian and US-based assets. The company has focused on enhancing output from the Honeymoon project in South Australia and the Alta Mesa facility in Texas, both of which are delivering steady operational improvements.

The broader uranium market has seen increasing activity, positioning Energy stocks among the notable movers on the ASX 200. Boss Energy’s consistent production ramp-up aligns with sector-wide growth in nuclear fuel demand, reinforcing its role within this segment.

Production Ramps Up at Honeymoon Site

Boss Energy's Honeymoon project recorded strong uranium production performance in the recent quarter. Output at the site showed a sharp increase from previous reporting periods, contributing to a rise in the company's inventory levels.

Key infrastructure milestones were reached during the ramp-up phase at Honeymoon. The commissioning of new processing systems, including a kiln and ion exchange columns, supported the increase in production. Additional well-fields were brought online, facilitating enhanced extraction capacity and consistent supply from the project.

These developments have positioned Honeymoon as a central asset in Boss Energy’s broader uranium production strategy.

Alta Mesa Sees Enhanced Capture Rates

Progress at the Alta Mesa uranium project in Texas has remained on track since Boss Energy acquired a minority stake in the operation. The facility, operated in collaboration with US-based enCore Energy, is continuing to expand uranium production.

Recent updates from Alta Mesa indicate that the Central Processing Plant has improved its uranium capture performance, supporting faster delivery schedules for existing contracts. Daily average capture rates have risen, marking the highest sustained performance levels since the site resumed operations.

During the latter part of March, the processing plant reported continuous uranium capture and delivery. The joint development effort between Boss and enCore Energy has been instrumental in maintaining operational momentum at the site.

Financial Capacity and Inventory Strength

Boss Energy reported a robust financial position, with a combination of cash and liquid assets and no outstanding debt. This financial strength has allowed the company to support the scaling of production activities across both its primary sites.

The company maintains a sizable uranium inventory, with product on hand to support future supply requirements. Sales during the previous quarter were accompanied by strong realized pricing, enhancing overall revenue generation without impacting stockpiled material levels.

This strategic inventory approach aligns with Boss Energy’s broader development focus and its plan to further explore domestic resource opportunities within Australia.

Ongoing Infrastructure Expansion

Infrastructure improvements at both Honeymoon and Alta Mesa have been integral to sustained production levels. At Honeymoon, operational efficiencies were achieved through the integration of additional process lines and extraction systems. Similarly, enhancements at Alta Mesa have driven better capture efficiency, contributing to the asset’s performance.

These advancements support Boss Energy’s approach to scaling uranium output and improving long-term asset performance across its growing resource base.

The company’s multi-site development strategy and its role within the uranium segment continue to place ASX: BOE as a notable performer among Energy stocks on the ASX 200 index.