Boss Energy Expands Stake in Laramide Resources Amid Strategic Uranium Investments

Boss Energy Increases Stake in Queensland Uranium Developer

Boss Energy Limited (ASX: BOE) is increasing its stake in Laramide Resources (ASX: LAM) to 18.4% on an undiluted basis. The company has acquired an additional 23.5 million shares at C$0.60 ($0.66) per share, strengthening its position in Laramide’s flagship Westmoreland Uranium Project in Queensland.

The transaction, valued at approximately $15.5 million, includes $3.9 million in cash and $11.7 million in scrip. Boss will issue approximately 5.2 million fully paid ordinary shares. The deal is expected to be finalised within five business days. Figure 1: Boss Energy Ltd is increasing it’s stake in Laramide Resources

Despite the increased stake, Boss Energy has confirmed it has no plans to take over Laramide. The company stated that it remains focused on its existing uranium projects. Westmoreland Uranium Project Holds Strong Resource Potential Laramide’s Westmoreland Project is one of Australia’s largest undeveloped uranium […]

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