Boss Energy’s Strategic Bet in U.S. Uranium Pays Off – Momentum Builds Outside ASX200 Radar

Highlights 

• Boss Energy’s (BOE) 30% stake in the Alta Mesa project shows significant operational traction 
• Production rates rise with improved uranium recovery and infrastructure development 
• Not part of the ASX200, yet demonstrates strong global uranium sector positioning 

Boss Energy (ASX:BOE) continues to gain operational momentum from its strategic exposure to the Alta Mesa uranium project in South Texas, reflecting the company’s growing influence in the global uranium space. This investment, secured in February 2024, has already begun generating strong performance updates, driven by consistent production improvements and infrastructure scaling. 

Through a 30% stake in Alta Mesa and full ownership of the Honeymoon uranium project in South Australia, Boss Energy has emerged as an active player in uranium production. While not a constituent of the ASX 200, Boss Energy’s developments reflect the scale of progress typical of companies within the index. 

Strong Production Momentum 

Recent updates from project operator enCore Energy signal accelerated uranium output at Alta Mesa. The project is tracking well toward its target of an annualised 1.5 million pounds of triuranium octoxide (U₃O₈). Notably, peak capture rates reached 3,705 pounds in a single day on 20 June, a significant jump from the project’s average of 2,410 pounds per day over the first three weeks of June 2025. 

This ramp-up translates into a cumulative capture of 53,022 pounds for the first 22 days of June, highlighting a consistent upward trend. 

Ongoing Infrastructure Expansion 

Parallel to production increases, the project has also expanded its well field capacity. With 13 new extraction wells and 15 injection wells added, the pace of development has quickened. Drilling efforts are sustained by 24 active rigs across the broader South Texas operations. 

These additions are part of a strategic plan to extend well fields every four to five weeks, reinforcing Alta Mesa’s role as a critical contributor to Boss Energy’s portfolio. 

Fully Licensed ISR Facility Advantage 

Spanning over 200,000 acres of private land and mineral rights, the Alta Mesa site houses a fully licensed in-situ recovery (ISR) central processing plant. With a total operational capacity of 1.5 million pounds of uranium annually and additional drying capabilities, the facility is structured for high-throughput and future scalability. 

Boss Energy’s agreement to receive 30% of the uranium output from Alta Mesa further aligns with its objective of establishing a reliable supply pipeline for future offtake.