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Australia's Boss Energy jumps on lifting stake in uranium miner

ReutersMar 12, 2025 11:36 PM

Shares of Australia's Boss Energy BOE.AX gain 4.6% to A$2.27

Mineral explorer says it has bought 23.5 mln shares in Laramide Resources LAM.TO, reflecting about a 9% stake

Says shares were bought at 60 Canadian cents apiece

Deal will increase Boss' interest in Laramide to about 18.4%

Total consideration for deal of A$15.5 mln ($9.80 mln)

Laramide has flagship Westmoreland uranium project in Queensland

BOE down 7.2% YTD

($1 = 1.5820 Australian dollars)

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