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 […]

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