Ground Breakers: Boss on cusp of uranium green light at Honeymoon after mega raising

Pic: The Simpsons, 20th Century Fox share

Uranium prices stormed to decade highs last week of ~US$60/lb on the back of supply concerns.

Russia and its ally states in Kazakhstan and Uzbekistan are major suppliers of yellowcake to nuclear facilities around the world, especially the USA, which is reliant on the nuclear industry for 20% of its power needs.

That run was remarkable in a way, coming just days after a fire caused by Russian shelling at Zaporizhzhia in Ukraine, Europe’s largest nuclear power plant, prompted meltdown fears and sent uranium stocks into a spiral. Those fears prompted WA uranium hopeful Vimy Resources (ASX:VMY) to knock down the size of a capital raising planned to deliver capital for its Mulga Rock project.But the renewed price run — at ~US$55/lb uranium is fetching three times its cyclical lows of five years ago — has finally given Boss Energy (ASX:BOE) , Australia’s […]

Click here to view original web page at stockhead.com.au

About the author: StockMan

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.