Investors are scrambling to secure exposure to uranium amid growing evidence that the market is tightening rapidly, setting the scene for significant price rises. And now a new report from influential North American broker Sprott has named Boss Energy (ASX:BOE) as the “premier next-in-production uranium developer”.
Boss increased its exposure to the uranium market substantially last week when it raised $60 million to buy a large uranium stockpile.
As well as enabling the company to capitalise instantly on rises in the price of uranium, the strategy also delivers Boss a range of options for funding the equity component of its Honeymoon project in South Australia.
Boss has the choice of selling some or all of the stockpile to fund Honeymoon or simply sitting on it as a means of increasing exposure to the uranium price.But the stockpile acquisition also brings other key strategic benefits. These include strengthening its hand in offtake negotiations […]
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