Boss Energy Accelerates Uranium Output at Alta Mesa Project Amid ASX200 Momentum

June 30, 2025 11:23 AM AEST | By Team Kalkine Media

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Boss Energy Accelerates Uranium Output at Alta Mesa Project Amid ASX200 Momentum — Image source: Shutterstock

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Highlights

Alta Mesa project ramps up production pace

June uranium extraction shows strong upward trend

Wellfield expansion progresses with 28 new wells

Boss Energy (ASX:BOE) is witnessing notable progress at its Alta Mesa Uranium Project in Texas, USA, with production ramping up significantly. The project, operated by enCore Energy (TSX-V:EU), is now advancing towards an annualised production rate of 1.5 million pounds of triuranium octoxide. Boss Energy maintains a 30% interest in this venture, while enCore Energy controls the remaining 70%.

In the latest update, Boss Energy reported that uranium capture at Alta Mesa surpassed 3,000 pounds per day over a seven-day stretch ending 23 June 2025. The highest single-day extraction during this period reached 3,705 pounds on 20 June, marking a robust improvement in operational performance.

Across the first 22 days of June, the average uranium capture stood at 2,410 pounds per day, contributing to a monthly total of 53,022 pounds. This trend represents a significant rise when compared to previous months, with May's daily average at 2,103 pounds and April's at 1,942 pounds. The upward trajectory indicates effective scaling of operations and increased process efficiency.

This production growth is further supported by ongoing wellfield development, which includes the recent addition of 28 new wells. These enhancements are aimed at boosting extraction efficiency and sustaining the production ramp-up over the coming months.

Boss Energy, also the full owner of the Honeymoon Uranium Project in South Australia, is emerging as a key player in the uranium sector with a growing portfolio. Its inclusion in the ASX 200 reinforces its presence among Australia's leading publicly traded companies and reflects investor confidence in its multi-asset strategy.

The company’s strategic positioning in both the US and Australian uranium markets is expected to contribute to a stable long-term growth outlook, especially as global interest in clean energy resources continues to rise. With production efficiencies improving and development activities scaling up, Boss Energy remains firmly focused on strengthening its uranium production capabilities.

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