Boss Energy acquires stake in Texas uranium project, raises A$215M

December 8, 2023

Thomson Geer is advising ASX 200 uranium developer Boss Energy Limited (ASX:BOE) on its acquisition of a 30 per cent share of a uranium mine in the US alongside a A$215 million capital raising.

Boss Energy is acquiring a stake in the Alta Mesa project in Texas from Canadian-listed enCore Energy Corp (TSX.V:EU) for US$60 million.

The capital raising will be used to fund the acquisition, as well as go towards progressing its Honeymoon uranium mine project in South Australia.

The Thomson Geer team is led by Partner Hedley Roost, who said: "We are pleased to be assisting long-term client Boss Energy on its strategic transaction with enCore Energy and associated capital raising.

"With its flagship Honeymoon mine and the Alta Mesa mine in Texas both set to enter production in 1H 2024, Boss is perfectly positioned to capitalise on the rising tide in uranium markets. The Boss and enCore teams are a powerful combination which traverse the important tier-1 uranium jurisdictions of Australia and North America. We wish both teams every success in the future."  

Thomson Geer coordinated all aspects of this cross-border transaction and capital raising. This included the negotiation of the acquisition agreement, equity investment agreement, joint venture agreement, strategic collaboration agreement and uranium loan agreement.

Hedley was supported by Associate Kajal Parmar.

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