Join our daily newsletter At The Bell to receive exclusive market insights
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.
Join the discussion: See what HotCopper users are saying about Boss Energy and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
