Boss Energy (ASX:BOE) has announced a key milestone in the Alta Mesa Uranium Project. The first ion exchange plant is nearing its flow capacity. This step is vital for increasing uranium production. Boss Energy holds a 30% stake in the project located in Texas.
Boss Energy (ASX:BOE) is making significant strides in the Alta Mesa Uranium Project in Texas with its partner, enCore Energy Corp. The first ion exchange plant, commissioned in June 2024, is nearing its flow capacity. This development is crucial for enhancing uranium production, with plans for the second and third plants to be operational by 2025. The project aims for an annualized production rate of 1.5 million pounds of uranium yellowcake (U3O8), with Boss Energy entitled to 30% of this output. The strategic timeline is on track, supporting the company's goal to achieve full capacity by the end of 2025.
We are pleased with the initial production results and are focused on achieving full operational capacity by 2025.