Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Chemical assay confirms high-grade uranium
How to Invest in Manganese Stocks
$14M Placement to Fund Acquisition & Exploration
Green Technology Metals
Laramide Identifies Targets for 15,000 Meter Drill Program...
Coinbase Expands USDC Rewards to Canada
NVIDIA Facing Weak Demand for New Chip as...
Newmont Withdraws from Mount Coolon Joint Venture, GBM...
LimeWire acquires Fyre Festival, asking ‘What Could Possibly...
Gold Market Dynamics Shifting as China-US Trade Tensions...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Investing

Boss Energy Boosts Stake in Laramide Resources to 18.4 Percent

by admin March 15, 2025
March 15, 2025
Boss Energy Boosts Stake in Laramide Resources to 18.4 Percent

Multi-mine uranium producer Boss Energy (ASX:BOE,OTCQX:BQSSF) has agreed to acquire approximately 9 percent of the issued shares of Laramide Resources (ASX:LAM,TSX:LAM,OTCQX:LMRXF).

In a Thursday (March 13) release, Boss states that it will purchase 23.5 million Laramide shares in total, valued at C$0.60 each. In total Boss will pay AU$15.5 million, providing Laramide with approximately AU$3.9 million in cash; the remaining AU$11.7 million will be in Boss scrip, with the company issuing about 5.2 million new fully paid ordinary shares.

Boss clarified in the announcement that while this purchase increases its interest in Laramide to around 18.4 percent, it currently has no intention of making a takeover offer for Laramide.

“This investment represents an attractive opportunity to secure exposure to the significant exploration and development upside at Westmoreland for a relatively small cost,” said Boss Managing Director Duncan Craib.

The Westmoreland uranium project is Laramide’s fully owned flagship asset. It is located in Queensland, a jurisdiction that currently holds a moratorium on uranium mining.

“We believe the state will inevitably lift this (moratorium),” Boss said, adding that it is keen to apply its knowledge, experience and financial strength to Westmoreland for the benefit of Queensland and other stakeholders.

Laramide released an updated mineral resource estimate for Westmoreland at the end of February, consolidating drilling results from 2012, 2023 and 2024. The total indicated resource for the property now stands at 48.1 million pounds of U3O8 at an average grade of 770 parts per million, accounting for 70 percent of the total resource.

Increases of 34 and 11 percent were seen in the project’s indicated and inferred resource categories, respectively.

Boss’ flagship Honeymoon uranium project in South Australia achieved commercial production in January. The company said it is on track to meet its 2025 production guidance of 850,000 pounds of U3O8.

This past October, Boss launched its Alta Mesa uranium plant with joint venture partner enCore Energy (TSXV:EU,NASDAQ:EU). enCore holds 70 percent in the joint venture, while Boss owns the remaining 30 percent.

The plant is targeting full operational capacity by 2026 following a phased ramp up.

Boss said that the acquisition and issuance of shares for its deal with Laramide are targeted for completion within five business days. Shares of Boss rose 4.52 percent following the news, closing at AU$2.31 on Friday (March 14).

Laramide saw a 1.72 percent rise on the TSX, closing at C$0.59 that day.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Per Jander: Uranium Still “Very Early” in Cycle, What to Watch in 2025
next post
Gold Price Hits New Record, Breaking US$3,000 for First Time

You may also like

Rio Silver completes Definitive Agreement for the sale...

May 2, 2025

Psychedelics Market Update: H1 2025 in Review

July 31, 2025

Lode Gold Engages Strategic Advisors to Advance Development...

June 25, 2025

Placement Fully Subscribed

October 18, 2024

Cizzle Brands Achieves Double-Digit Growth For All CWENCH...

March 7, 2025

Gold, Silver and Bitcoin Prices Fall as Fed...

December 20, 2024

Rick Rule: Gold’s Next Move, Hated Sectors I...

July 14, 2025

Investor Presentation Annual General Meeting

November 27, 2024

AUE achieves in excess of 95% gold recoveries...

December 28, 2024

RUA GOLD Intersects Visible Gold and Antimony and...

January 21, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Chemical assay confirms high-grade uranium

      September 17, 2025
    • How to Invest in Manganese Stocks

      September 17, 2025
    • $14M Placement to Fund Acquisition & Exploration

      September 17, 2025
    • Green Technology Metals

      September 17, 2025
    • Laramide Identifies Targets for 15,000 Meter Drill Program at Kazakhstan Uranium Project

      September 17, 2025
    Promotion Image

    banner ads

    Categories

    • Business (856)
    • Economy (829)
    • Investing (2,834)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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 © 2025 smarttradeinsights.com | All Rights Reserved