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 US 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 $82.5 million (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 north-west of Broken Hill and is one of only four permitted uranium mines in Australia. It […]
Click here to view original web page at indaily.com.au
- 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 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
Come and join our community. Expand your network and get to know new people!