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- Boss Energy (BOE) has entered a trading halt to consider, plan and execute a capital raising
- The company will remain in the halt until March 29 or when more details regarding the raise are released, whichever occurs first
- Earlier in the month, Boss Energy announced its enhanced feasibility study (EFS) for its Honeymoon Uranium Project in Adelaide is 75 per cent completed
- The aim of the EFS is to significantly reduce the operating costs of the project and work is expected to be completed by May
- Shares in Boss Energy last traded at 15.5 cents on March 24
Boss Energy (BOE) has entered a trading halt to consider, plan and execute a capital raising.
The company will remain in the halt until March 29 or when more details regarding the raise are released, whichever occurs first.
Boss Energy is yet to disclose how much it intends to raise or what it will be doing with the funds once received.
Earlier in the month, Boss Energy announced its enhanced feasibility study (EFS) for its Honeymoon Uranium Project in Adelaide is 75 per cent completed.
The aim of the EFS is to significantly reduce the operating costs of the project.
The study is also aiming to incorporate cost and operational improvements identified in the 2020 feasibility study.
The EFS is on track to be finished in May for internal review.
Boss Energy last tapped investors for cash in October 2020 in regards to a $15 million placement.
The funds were raised through the issue of 225 million shares to domestic and international investors at 6.7 cents.
The company used the funds to process evaluation studies and exploration activities, and pay care and maintenance costs and general working capital.
Shares in Boss Energy last traded at 15.5 cents on March 24. The company has a $286.7 million market cap.
