Boss Energy's Acquisition of Alta Mesa ISR Uranium Project

Boss Energy Limited (ASX: $BOE) has successfully completed the acquisition of a 30% stake in the Alta Mesa ISR Uranium Project in South Texas for US$60 million cash. The acquisition from enCore Energy Corp (NASDAQ: |TSXV: EU) and enCore's wholly owned subsidiary, enCore Energy U.S. Corp., aligns with Boss Energy's strategy to expand its uranium inventory, production, and cashflow in tier-one locations.

Boss Managing Director's Perspective on Acquisition

Boss Managing Director, Duncan Craib, expressed, 'This acquisition marks another major milestone in Boss' strategy to continue growing our uranium inventory, production, and cashflow in tier-one locations. The Alta Mesa Project has many key similarities to our Honeymoon uranium project in South Australia, where the commissioning process is well on track and we are set to produce our first drum of uranium in the coming weeks.' Craib further added, 'Our strong production and growth outlook is underpinned by a robust balance sheet with no debt and a strategic uranium stockpile now worth $1951 million based on current spot prices.'

Summary of Boss Energy's Acquisition and Outlook

Boss Energy's completion of the acquisition of a 30% stake in the Alta Mesa ISR Uranium Project in South Texas for US$60 million cash signifies a significant step in the company's growth strategy. The acquisition not only paves the way for increased production and cashflow but also provides further exposure to the booming uranium market. With the strategic uranium stockpile now valued at $1951 million based on current spot prices, Boss Energy is well-positioned to capitalize on the strong demand for uranium from tier-one locations. The company's ambitions to diversify production on both a project and geographical basis, along with the impending cashflow, indicate a positive outlook for Boss Energy's corporate strategy and growth in the uranium sector.