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Boss Energy (ASX:BOE) has achieved “significantly increased” uranium extraction rates at its joint venture Alta Mesa project in Texas, again putting the company closer to its goal of producing 1.5 million pounds annually.
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This windfall news stretches what has been an undeniably good last month of FY25 for Boss Energy, starting with a bumper +21% jump just a week ago. From the start of the year to today, the uranium producer has climbed +87%.
That may barrel even higher today too – some excited HotCopper users were already champing at the bit to “reload” on Boss after the June 27 release, while futures are now (at 9.40am AEST) pointing to +1.7% gains.
The standout recording was that for 22 days to June 23, production at the Texas facility averaged around 2,410 pounds of U3O8 a day, peaking at 3,705 pounds.
This is as much as 468 pounds higher a day compared to April’s production rates.
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Excitement has been helped on by the fact Boss owns a tidy 30% of the Alta Mesa uranium site and will take in any profits at around the same percentage; enCore Energy Corp, who operates the project, carries the other 70%.
In other top news for the producer, Boss’ wellfield expansions are “going well,” according to the company; 28 more have been added through June.
Heading into Friday, BOE shares will be trading at around $4.51 each.
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