Does boss energy sell uranium?

Boss Energy Limited recently closed its first market-based sales/purchase agreement for 1MLBPA to a US-based utility with contract commencement in 2025. The company recently produced its first drum of uranium at its Honeymoon Project and is in the process of ramping up production to 2.45MLBPA.

How much uranium did Boss Energy buy in 2021?

As the firm was awaiting first production, Boss Energy purchased 1.25Mlbs/ of uranium for $30.15/lb in March 2021 to hold as inventory, which is now valued at $110mm at the spot price of $88/lb. Boss Energy continues to explore satellite mines to garnish assets surrounding the Honeymoon Project.

When will boss energy produce its first uranium drum?

Management has since made a final investment decision to develop the Honeymoon Project in June 2022 with the expectation to deliver first production in the December quarter of 2023. Though the firm didn’t quite meet this target date, Boss Energy has since produced its first drum of uranium on April 22, 2024.