IsoEnergy says strategic merger with Consolidated Uranium marks a pivotal transformation - PDAC 2024
March 18, 2024 at 01:11 pm EDT
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IsoEnergy Limited (TSX-V:ISO) president Tim Gabruch, delves into the strategic merger with Consolidated Uranium, marking a pivotal transformation into a global uranium industry contender.
In an interview with Proactive's Angela Harmantas at PDAC 2024, Gabruch noted that the partnership not only strengthens IsoEnergy's foothold in the Saskatchewan Athabasca basin, home to the high-grade Hurricane deposit, but also expands its portfolio across the United States, Australia, and Canada, signifying a major leap in uranium exploration and production.
With an aggressive $4 million exploration plan in Saskatchewan and projects like the Tony M mine set for reopening, IsoEnergy is at the forefront of addressing the soaring demand for uranium, fueled by global energy security and climate change initiatives.
As uranium prices reach a significant milestone, the merger positions IsoEnergy to capitalize on the robust market fundamentals, underscoring the company's commitment to contributing to a sustainable energy future.
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IsoEnergy Ltd. is a Canada-based diversified uranium company. The Company is engaged in the acquisition, exploration, and evaluation of uranium properties in Canada, the United States of America, Australia, and Argentina. The Company is focused on advancing its Larocque East Project in Canadaâs Athabasca Basin. The Companyâs Canada portfolio projects include Hawk, East Rim, Ranger, Trident, Evergreen, Geiger Matoush, Dieter Lake and Mountain Lake. Its United States portfolio includes Tony M, Daneros Mine, Rim Mine, Sage Plain and Coles Hill. Its Australia projects include Ben Lomond, Milo, Gidyea Creek, West Newcastle Range and Yarranna. Its Argentina projects include Laguna Salada and Huemul. Its Hawk project comprises over one claim totaling 5,961 hectares and is located approximately 37 kilometers west of the Larocque East property. The Company also holds a portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah.