Boss Energy pushes ahead with Honeymoon mine plans as uranium shortage unfolds

Boss Energy pushes ahead with Honeymoon mine plans as uranium shortage unfolds

Boss Energy plans on becoming one of the lowest cost uranium producers globally. With predictions of an emerging uranium shortage in the near-term, Boss Energy (ASX: BOE) is a South Australian uranium explorer ready to take full advantage of the situation with its advanced Honeymoon uranium project in South Australia.

Uranium supplies were in a deficit last year compounded by the delay of new mines due to the ongoing subdued spot price and production constraints due to COVID-19.

However, with trade tensions easing particularly between the US and China, its expected utilities will re-enter the market in 2021 in search of long-term supplies.

Although the spot price remains below US$30 per pound, analysts are predicting eroding supplies and the dry project pipeline will spur uranium prices upward again past the US$50/lb which is the estimated “magic number” to incentivise new mines.Boss is poised to take advantage of the optimistic uranium outlook, while […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet