Boss Energy Limited (ASX:$BOE) Announcement

Boss Energy Limited (ASX:BOE) has entered into its first binding sales agreement for the supply of uranium from its Honeymoon Project in South Australia. The agreement entails the sale of 1Mlbs of uranium to a major publicly-listed US power utility over a seven-year period commencing in 2025 and continuing until the end of 2031. The contract is based on market-related pricing and provides financial security while allowing exposure to further increases in the uranium price.

Executive Commentary

Signing our first sales contract is a major milestone for Boss and another key de-risking event for the Honeymoon Project. With production about to start and the project running on time and on budget, we are extremely well-placed to capitalize on the rising uranium price. Now we also have a binding sales contract in place which gives us financial security while allowing us to retain exposure to further increases in the uranium price. In the process, we have established a long-term relationship with this large strategic customer.

Summary of Announcement

Boss Energy Limited (ASX:BOE) has secured its first binding sales agreement for the supply of uranium from its Honeymoon Project in South Australia. The agreement involves the sale of 1Mlbs of uranium to a major publicly-listed US power utility over a seven-year period. The contract is based on market-related pricing and provides financial security while allowing exposure to further increases in the uranium price. Boss Managing Director Duncan Craib highlighted the significance of this milestone, emphasizing the project's readiness to capitalize on the rising uranium price. The company has also established a long-term relationship with the customer, positioning itself for future growth and stability in the uranium market.