Boss Energy

Boss Energy Ltd. is an Australia-based uranium producer with a strategic focus on in-situ recovery (ISR) operations, making it a leader in cost-effective and environmentally sustainable uranium extraction. The company’s portfolio includes two key assets: the Honeymoon Uranium Project in South Australia, which boasts 100% ownership, and a 30% stake in the Alta Mesa ISR Uranium Project in Texas, USA. As a multi-mine uranium producer, Boss Energy is positioned to benefit from rising demand for uranium, driven by global clean energy needs and nuclear energy's pivotal role in low-carbon power generation.

With over 71 million pounds of uranium resources at Honeymoon alone, Boss Energy is advancing a clear production strategy to support the global nuclear fuel market. The company’s expertise in ISR mining, combined with a commitment to operational efficiency and financial discipline, has positioned it as a robust competitor in the uranium sector. Listed on the ASX (ASX: BOE) and the OTCQX (BQSSF), Boss Energy is set to make a strong impact as a reliable supplier to the international energy market.

Boss Energy presents a compelling opportunity for investors seeking exposure to the uranium market, with its flagship Honeymoon Uranium Project advancing rapidly through a successful restart and significant production ramp-up. The project, supported by extensive ISR expertise, is anticipated to produce up to 2.45 million pounds of U3O8 annually, positioning Honeymoon as one of Australia’s premier uranium assets. Additionally, the Alta Mesa Project in Texas offers further growth potential, with an established resource base and substantial exploration opportunities across 200,000 acres in a top-tier mining jurisdiction.

Backed by a disciplined approach to contracting, a strong balance sheet with zero debt, and strategic uranium inventory, Boss Energy is well-equipped to capitalize on rising uranium prices. As nuclear energy gains prominence in global energy strategies, Boss Energy is poised to deliver long-term value by supplying high-quality uranium through low-cost, ESG-friendly ISR operations. The company’s established relationships with European and US utilities further secure its position as a preferred supplier in a market marked by tightening supply and growing demand.

Boss Energy is led by a seasoned management team with deep expertise across uranium mining, project development, and finance. CEO and Managing Director Duncan Craib brings extensive experience, having previously served as Finance Director for the construction and commissioning of the Husab uranium mine in Namibia, one of the world’s largest uranium projects. Chair of the Board Wyatt Buck adds considerable operational insight, with a background in managing some of the largest uranium mines globally, including McArthur River and Key Lake in Canada.

Chief Financial Officer, Justin Laird, was previously Manager Business projects at Wesfarmers where he held several senior positions over a nine-year career in business development, leading transaction and finance teams, scaling new businesses, and other commercial and strategic roles.

Together, Boss Energy’s management team combines technical prowess, operational experience, and strategic insight, positioning the company to achieve its growth objectives and capitalize on emerging market opportunities.

Boss Energy’s growth strategy is anchored in expanding production and resource potential at its Honeymoon and Alta Mesa uranium projects, while maintaining a disciplined approach to capital management and sustainability. At the Honeymoon Project, the company is ramping up ISR operations to reach an annual production target of 2.45 million pounds of U3O8, a milestone that will solidify its status as a major uranium supplier. This phased production strategy is underpinned by a significant 71.6 million pound uranium resource and further exploration potential across over 6,000 km² of prospective tenements in South Australia.

Boss Energy also views Alta Mesa as a growth asset, with plans to leverage its substantial uranium resource and expand production capacity in response to rising demand. Environmental stewardship is central to Boss’s approach, with ISR mining selected for its reduced environmental impact and efficient resource utilization. The company’s strong balance sheet, zero debt, and strategic uranium inventory provide flexibility, allowing Boss to enter contracts selectively and to layer additional sales agreements as market conditions evolve.

With an eye on future expansion, Boss Energy remains open to value-accretive acquisitions in Tier-1 jurisdictions, including North America and Australia, that align with its goal of delivering sustainable shareholder value. Through disciplined growth and commitment to environmental, social, and governance (ESG) standards, Boss Energy is positioned to play a pivotal role in supplying uranium for the global clean energy transition.

Boss Energy is financially well-positioned to advance its growth initiatives, supported by a strong balance sheet with zero debt and over $270 million in cash and liquid assets as of mid-2024. This financial strength provides the company with the flexibility to strategically ramp up production at the Honeymoon Uranium Project and optimize its resource development at Alta Mesa in Texas. The company’s efficient use of capital has been exemplified through its careful approach to raising funds, with a disciplined capital allocation that ensures long-term project sustainability.

The Honeymoon Project, targeting an annual production rate of 2.45 million pounds of U3O8, represents a major asset in Boss Energy’s portfolio, offering robust financial returns with relatively low capital and operating costs due to the in-situ recovery (ISR) mining method. Additionally, Boss’s strategic uranium inventory of 1.25 million pounds of U3O8 further supports operational flexibility and market timing. Boss Energy’s approach to financial management and capital discipline underpins its resilience, enabling the company to navigate the uranium market’s cyclical nature and capture emerging opportunities in the nuclear energy sector.

Boss Energy Ltd. is strategically positioned to become a leading uranium producer, with its flagship Honeymoon Uranium Project ready to meet the rising global demand for clean, reliable nuclear energy. With a well-defined growth strategy, significant resource base, and low-cost ISR mining operations, Boss Energy offers a unique investment opportunity in the uranium sector. The company’s commitment to financial discipline, operational efficiency, and ESG principles underscores its dedication to sustainable and responsible resource development.

Led by an experienced management team and backed by a robust financial foundation, Boss Energy is prepared to deliver strong returns as it continues to expand production and capitalize on favorable uranium market dynamics. As the world increasingly looks to nuclear energy as part of a carbon-neutral future, Boss Energy’s assets and strategic vision position it as a resilient and adaptable player in the uranium market. For investors seeking exposure to a high-growth, ESG-focused uranium producer, Boss Energy represents a compelling opportunity aligned with long-term industry trends and a commitment to sustainable value creation.