Jefferies upbeat on Aussie uranium miner Boss Energy's Laramide stake buy

Laramide Resources

13/03/2025 20:10

** Jefferies says Boss Energy's BOE.AX acquisition of shares in Canada-based Laramide Resources LAM.AX provides the  company exposure to latter's uranium projects

** Brokerage reiterates "buy" rating for BOE with a PT of A$3.2

** Boss on Thursday agreed to acquire 23.5 mln shares, or about a 9% stake in Laramide Resources for A$15.5 mln ($9.74 mln)

** Jefferies says the transaction gives Boss a strategic blocking stake in Laramide's flagship Westmoreland project in Queensland and the Churchrock-Crownpoint project in New Mexico, U.S.A

** Adds transaction provides long-dated upside to Boss through project development

** Boss Energy down 9.1% so far this year, as of last close

($1 = 1.5911 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))