Uranium turnaround has companies targeting Aussie deposits

Boss Energy is looking to recommence production at the Honeymoon uranium mine in northeast South Australia. A number of uranium stocks rallied this week amid speculation Joe Biden had included nuclear energy in his clean energy program, delays to planned closures of nuclear power plants in the United States driving up demand, and concerns of a supply squeeze when nuclear utilities replace existing supply contracts.

Perth-based Boss Energy says it is in discussions with global lenders to secure funds to become Australia’s next uranium producer with the resumption of operations at the Honeymoon mine in South Australia.

The publicly-listed company told the Australian Securities Exchange this week the Honeymoon project required just US$63.2 million in capital expenditure to resume, one of the lowest funding requirements of any pre-production uranium project worldwide.

Honeymoon is about 80km northwest of Broken Hill and is one of only four permitted uranium mines in Australia. It was […]

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