Honeymoon development approved

The board of ASX- and OTCQX-listed Boss Energy has pulled the trigger on the A$113-million capital spend required for the development of the Honeymoon uranium project, in South Australia.

The decision meant that Boss will now accelerate construction, ensuring Honeymoon remains on track for first production in the December quarter of 2023, ramping up to a steady-state rate of 2.45-million pounds of uranium oxide (U3O8) a year.