Boss Energy’s first ion exchange plant more or less online in Texas

Boss Energy’s (ASX:BOE) first ion exchange (IX) plant at its Alta Mesa project is live.

The company’s 30% owned Texas-based Alta Mesa project was recently the subject of an announced upgrade plan, with three IX assets to be installed into late 2025. The first of those IX plants, according to Boss Energy, is nearing flow capacity on-site as of late October 2024.

The IX plants ultimately process liquid groundwater containing the uranium, removing the target material from water, ultimately shortening the flowsheet between feedstock and yellowcake uranium end product.

Once all IX plants are up and running, Alta Mesa – with all its cards in order – will be capable of producing 1.5Mlb of uranium per year.

This update came from Alta Mesa’s 70% owner, a dual U.S. and Canada listed company called enCore Energy Group. (Boss Energy holds a 30% share of Alta Mesa.)

“We have been very pleased with the initial phase of results from Alta Mesa and production from the initial startup,” enCore chief Paul Goranson said.

“We continue to work towards reaching full capacity through 2025 with plans to be fully operational at all three of our ion exchange plants.”

BOE last traded at $3.58/sh.

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