Boss Energy Ltd (ASX: BOE) shares are racing ahead today.Â
Shares in the S&P/ASX 300 Index (ASX: XKO) uranium stock closed yesterday trading for $1.19. In early morning trade on Friday, shares are changing hands for $1.335 apiece, up 12.2%.Â
For some context, the ASX 300 is up 0.5% at this same time.Â
Here’s what’s catching investor interest.Â
Boss Energy shares leap on uranium production results
Boss Energy shares are leaping higher after the company announced that it has achieved its revised full-year FY 2026 uranium production guidance.Â
The financial year just past saw Boss produce 1.41 million pounds of drummed UâOâ.
Early in FY 2026, the miner had been aiming to produce 2.45 million pounds of uranium a year on a longer-term basis. But amid weather issues and a lower quality of its feedstock at its flagship South Australian Honeymoon project, Boss initially scaled this back to $1.6 million pounds.Â
In April, the ASX 300 uranium stock again revised that outlook to be between 1.40 million pounds and 1.45 million pounds.
The Boss Energy share price also looks to be getting a boost, with the miner reporting on the continuation of the ramp-up of its Honeymoon plant and wellfields.Â
Boss said it is also accelerating technical studies supporting Honeymoon’s future growth.
Studies completed over the past few months have led the miner to bring forward the targeted release of its New Feasibility Study and updated life-of-mine plan. That’s now planned for release by the end of August, a month ahead of prior expectations.Â
What did management say?
Commenting on the results boosting Boss Energy shares today, CEO Matt Dusci said, “Achieving our revised production guidance demonstrates the significant operational progress the Honeymoon team has made over the past year.”
Dusci added:
Importantly, the detailed design work completed alongside the operational ramp-up has materially increased our confidence in the wide-spaced wellfield design and the long-term development potential of Honeymoon and its satellite deposits.
Looking ahead, Dusci concluded:
The quality and maturity of the work completed means we can now target delivery of a feasibility study earlier than originally planned. This will be a robust life-of-mine plan that sets out the long-term value potential of the Honeymoon operation.
It will be underpinned by the wide-spaced wellfield design, which is intended to lower capital intensity and operating cost structure, and enable us to potentially bring in our large satellite resources into the mine plan in due course.
Boss Energy is scheduled to release its full Q4 FY 2026 operational update on 30 July.
The post Boss Energy shares surging 12% today on big uranium news appeared first on The Motley Fool Australia.
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.