07:52 AM EDT, 05/27/2025 (MT Newswires) -- IsoEnergy ( ISOU ) said Tuesday it began key work programs at the Tony M mine in Utah to support a potential restart in the near term.

The company expects the work to optimize operational readiness of the site and reduce future production costs, while maintaining strategic flexibility to potentially restart operations quickly as market conditions continue to improve. IsoEnergy ( ISOU ) said it has secured all major mining permits for Tony M as well as the Daneros and Rim Mine projects, seeking to accelerate their restart.

"Momentum is accelerating across the U.S. nuclear industry, yet a significant gap remains between domestic uranium supply and growing demand," Philip Williams, CEO and director of IsoEnergy ( ISOU ). "We believe IsoEnergy ( ISOU ) is uniquely positioned to help close this gap with a portfolio of past-producing uranium mines and a large-scale development project in the U.S."

IsoEnergy ( ISOU ) noted that it has a toll milling agreement with Energy Fuels (EFR.TO) at the nearby White Mesa mill, positioning the company to bring the product to market far more quickly.

IsoEnergy's ( ISOU ) share price gained 8.2% on Monday to close at $10.75 on the TSX.