Significant Increase in Uranium Production
137,000 pounds of uranium were drummed during the quarter, marking a 53% increase since the September quarter. Ion Exchange production also rose by 96% from the previous quarter.
Strong Financial Performance
Boss Energy retains $252 million in cash and liquid assets, with a growth of $7 million from the previous quarter, and maintains zero debt.
Commercial Production Declared
Commercial production was effectively declared from January 1, 2025, following the completion and commissioning of Kiln 2 and other infrastructure enhancements.
Positive Market Positioning
200,000 pounds of uranium were sold at a realized price of US$77.5 per pound, aligning with market trends and showing strategic market engagement.
Advancements in Ion Exchange Technology
Ion Exchange technology adoption has increased production throughput and reduced costs, with recent daily production rates reaching up to 7,000 pounds.