Boss Energy (ASX: BOE) has announced its Honeymoon uranium project is running on-time and on-budget, reaching the halfway mark in their committed expenditure of $55.1M of the budgeted ~$105.4M CAPEX.
Boss Energy says with cash on hand of $115.6M and a strategic uranium stockpile valued at $88.3M, it's fully-funded through to production and is positioned to capitalise on the growing demand for uranium.
It also says all critical path items are on track and procurement packages have been issued.
Boss Energy says recruitment of senior operational and project leads is progressing and wellfield development is on target for Q2 2023.