Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump lashes out at Crockett, renews call for...
Trump goes after Zelenskyy over ‘land swapping’ dispute,...
Democratic whistleblower told FBI that Adam Schiff approved...
MORNING GLORY: Trump meets Putin amid an era...
‘Things need to change’: Senate Democrats sharpen criticism...
Mamdani zings Cuomo in rent-stabilized housing spat during...
Unearthed emails reveal White House nixed Biden visiting...
Strong drilling targets identified next to high-grade gold-copper...
Seymour Lithium Project Achieves Permitting Milestone
Acquisition of Silver Extraction Technology
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Production and Revenue Growth at Alta Mesa Uranium Project, Texas

by admin November 15, 2024
November 15, 2024
Production and Revenue Growth at Alta Mesa Uranium Project, Texas

Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) advises that enCore Energy Corp (NASDAQ:EU|TSXV: EU) (enCore) has published a financial and operational update.

enCore is the operator and 70 per cent-owner of the Alta Mesa Uranium Project in Texas, in which Boss has a 30 per cent stake. Alta Mesa is ramping up to an annualised production rate of 1.5 million pounds U3O8. Boss’ share of this production is 30 per cent.

In the update, enCore said: “The Company’s outlook is positive, with substantial and growing revenue from Alta Mesa contributing to financial results throughout the first nine months of 2024 and beyond, as additional production and extraction wells come online.

“The nuclear industry outlook remains extremely positive with demand projections outpacing supply for the foreseeable future driven in part by increased electrical demand from Artificial Intelligence (“AI”) and the commitment of many sectors of the economy to achieve zero carbon.

“Continued primary uranium production supply disruptions and constraints continue on a global basis as geopolitical tensions, trade restrictions, and local government decisions are observed.

“Current contracting conditions continue to remain favourable, with term contract pricing now higher than at the current spot price in the high US$70s than it was when the spot price reached its twelve-month high of US$107 per pound U3O 1”.

EnCore reported recently that the first IX (ion exchange) plant at Alta Mesa was commissioned in June 2024 with the second IX plant planned to commence operation in the first quarter of 2025 and the third IX plant planned to be online by year end of 2025.

Ion exchange is a filtration system which removes liquid uranium from groundwater before being dried and processed into uranium yellowcake (i.e. U3O8).

Please refer to enCore’s announcement dated November 14, 2024 for further information2.

Click here for the full ASX Release

This article includes content from Boss Energy Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

This post appeared first on investingnews.com

previous post
Management’s Discussion and Analysis of Financial Results
next post
Canadian Investment Regulatory Organization Trade Resumption – OM

You may also like

Suki Secures US$70M to Drive AI-Assisted Healthcare Solutions

October 12, 2024

First Helium Initiates Process to License & Drill...

November 13, 2024

NVIDIA Q2 Stock Earnings: What Investors Need to...

August 29, 2024

Integration of Vanadium into Lake Maitland Uranium Resource...

October 21, 2024

Trident Royalties PLC Announces Scheme Of Arrangement Becomes...

September 2, 2024

Significant Gold and Antimony Grades Confirmed at Hurricane...

February 17, 2025

US Cannabis Sales Hit Record in October, Market...

December 3, 2024

Kipushi Zinc Mine Reopens in DRC After 31...

November 26, 2024

Juggernaut Increases Oversubscribed Financing to $8,600,000 due to...

April 23, 2025

BTR accelerates Second Fortune high-grade mine development

December 5, 2024

Recent Posts

  • Trump lashes out at Crockett, renews call for cognitive test
  • Trump goes after Zelenskyy over ‘land swapping’ dispute, lays out ‘feel out meeting’ with Putin
  • Democratic whistleblower told FBI that Adam Schiff approved classified leaks to target Trump
  • MORNING GLORY: Trump meets Putin amid an era done away with John Quincy Adams’ ‘abroad’
  • ‘Things need to change’: Senate Democrats sharpen criticism of Israel as humanitarian concerns grow

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (867)
    • Investing (2,729)
    • Politics (3,369)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.