Boss Energy's Acquisition of Stake in Alta Mesa Uranium Project

Boss Energy Limited (ASX: $BOE) has acquired a 30% stake in the Alta Mesa Uranium Project in North America for US$60M from enCore Energy. The investment has been classified as a joint operation, and Boss Energy recognizes its right to the jointly held assets, liabilities, revenues, and expenses.

Executive Commentary on Acquisition

The acquisition of a 30% stake in the Alta Mesa Uranium Project marks a significant milestone for Boss Energy. This strategic investment aligns with our commitment to expanding our presence in the uranium sector and diversifying our portfolio. We are confident that this joint operation with enCore Energy will create value for our shareholders and contribute to the long-term growth of Boss Energy.

Summary of Boss Energy's Quarterly Cash Flow Report

Boss Energy's acquisition of a 30% stake in the Alta Mesa Uranium Project for US$60M demonstrates the company's proactive approach to expanding its foothold in the North American uranium market. The joint operation with enCore Energy signifies a strategic partnership aimed at leveraging the potential of the Alta Mesa Uranium Project. The company's cash position and restricted cash, including a 100% cash-backed environmental bond of $13.5 million, reflect its prudent financial management. Boss Energy's commitment to compliance and transparency is evident in the preparation of the quarterly cash flow report in accordance with accounting standards and policies. Looking ahead, Boss Energy remains focused on pursuing opportunities for growth and value creation in the uranium and energy sector.