Boss Energy (ASX: BOE) Share Price Rally 7% Amid Alta Mesa Uranium Project Updates

Tue 08 Apr 25, 04:52 AM | Team Kalkine

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Highlights

Boss Energy (ASX: BOE) saw a notable 7.4% increase in its share price today, making it one of the top percentage gainers on the ASX 200 benchmark index. This rise comes as the uranium miner provided updates on its Alta Mesa project, in which it holds a 30% stake. The company revealed that the project is gearing up to produce up to an annualised rate of 1.5 million pounds of uranium.

The Alta Mesa Uranium project, located in Texas, U.S., has been a key focus for Boss Energy, as the company works towards increasing production capacity in a market that has seen fluctuating demand for uranium. The announcement is seen as a positive step for the company, as it signals progress in its efforts to ramp up output at this promising asset.

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