Update: IsoEnergy Up 4% As Terminates Arrangement With Anfield; ISO Starts Athabasca Basin Winter 2025 Exploration Program-February 2024-www.financetom.com

Update: IsoEnergy Up 4% As Terminates Arrangement With Anfield; ISO Starts Athabasca Basin Winter 2025 Exploration Program

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Update: IsoEnergy Up 4% As Terminates Arrangement With Anfield; ISO Starts Athabasca Basin Winter 2025 Exploration Program

Jan 14, 2025 12:51 PM

03:15 PM EST, 01/14/2025 (MT Newswires) -- IsoEnergy ( ISENF ) was at last look up 4% on Tuesday afternoon as it provided notice of termination regarding the arrangement under which IsoEnergy ( ISENF ) was to acquire all issued and outstanding common shares of Anfield (AEC.V).

IsoEnergy ( ISENF ) said it remains committed to advancing its "robust" portfolio of uranium assets across Canada, the U.S. and Australia, with a "focus on high-potential, economically viable projects that are well positioned to capitalize on the expected rise in uranium prices."

In the U.S., IsoEnergy ( ISENF ) noted it reopened the Tony M Mine last year, "demonstrating the readiness of its portfolio for rapid production restart". IsoEnergy ( ISENF ) expects to resume its restart plans, including progressing with an economic study to advance Tony M toward a production decision.

In Canada, IsoEnergy ( ISENF ) said it will continue advancing its flagship Hurricane deposit, "home to the world's highest-grade published indicated uranium resource". It noted winter expansion and discovery drilling is underway at the Laroque East project and additionally the company is also focused on "unlocking the significant discovery potential across its broader portfolio in the Athabasca Basin".

In Australia, IsoEnergy's ( ISENF ) Australian assets "continue to provide a strong foothold in a resource-rich jurisdiction, further diversifying its growth opportunities".

IsoEnergy ( ISENF ) said it also holds an equity portfolio of strategic investments in premier development and exploration companies including NexGen Energy Ltd. ( NXE ), Premier American Uranium, Atha Energy Corp, Jaguar Uranium, Purepoint Uranium Group and Future Fuels Inc. valued at approximately $40 million. "This portfolio was built through value-accretive transactions and not only offers significant additional leverage but also positions IsoEnergy ( ISENF ) to capitalize on potential future opportunities in the sector," the company added.

Earlier on Tuesday ISO announced commencement of its 2025 winter exploration program in the eastern Athabasca Basin, Canada, "designed to build on the company's successful 2024 season".

Price: 2.85, Change: +0.10, Percent Change: +3.64

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