Isoenergy - ISENF STOCK NEWS

IsoEnergy (ISENF) and Purepoint Uranium have announced their 2025 exploration program for their 50/50 joint venture, backed by a $5 million budget. The venture encompasses 98,000 hectares across three main areas in Saskatchewan's eastern Athabasca Basin: Dorado Project, Aurora Project, and Celeste Block.

The Dorado Project, positioned along the Larocque Trend near IsoEnergy's Hurricane Deposit, will be the primary focus. The program includes 5,400 metres of drilling across 18 holes. Historical drilling at Geiger revealed high-grade uranium mineralization of 2.74% U₃O₈ over 1.2 metres. The Aurora Project will undergo airborne geophysical surveys, while the Celeste Block is scheduled for 800 metres of drilling across 4 holes, focusing on Madison where sandstone cover is thin.

IsoEnergy and Purepoint Uranium Group have announced their 2025 exploration program with a $5 million budget for their new 50/50 joint venture. The venture covers 98,000 hectares across three main areas in Saskatchewan's eastern Athabasca Basin: Dorado Project, Aurora Project, and Celeste Block.

The Dorado Project, positioned along the Larocque conductive corridor, will be the primary focus with planned drilling of 5,400 metres across 18 holes. Historical drilling at Geiger revealed high-grade uranium mineralization of 2.74% U₃O₈ over 1.2 metres. The Aurora Project will undergo airborne geophysical surveys, while the Celeste Block is scheduled for 800 metres of drilling across 4 holes.

The joint venture consolidates 10 uranium projects, with the Dorado Project featuring shallow vertical depth to unconformity ranging from 27 to 133 metres. Geiger property contains 20 kilometers of graphitic conductors with significant untested gaps up to 1,000 metres.

IsoEnergy (ISENF) has exercised its put option to establish a 50/50 ownership structure in its joint venture with Purepoint Uranium Group. The transaction involves Purepoint acquiring 10% of IsoEnergy's JV interest in exchange for 4 million shares. The partnership covers 10 uranium projects spanning 98,000 hectares in the eastern Athabasca Basin.

The deal increases IsoEnergy's ownership in Purepoint to 11.41% (non-diluted) and 15.78% (partially diluted). IsoEnergy now holds 7,333,334 PTU Shares and 3,333,334 warrants. The company's equity portfolio, valued at approximately $40 million, includes positions in various uranium companies.

The joint venture includes notable projects like Hook Lake JV with Cameco and Orano, where previous drilling returned 10.3% U₃O₈ over 10.0 metres, and Smart Lake JV with Cameco, where drilling intersected 15.4 meters of 147 ppm U.

IsoEnergy has exercised its put option to strengthen its partnership with Purepoint Uranium Group, establishing a balanced 50/50 ownership structure in their joint venture covering 10 uranium projects in the Athabasca Basin. Under the agreement, Purepoint acquires 10% of IsoEnergy's JV interest in exchange for 4 million shares, increasing IsoEnergy's ownership in Purepoint to 11.41% (non-diluted) and 15.78% (partially diluted).

The partnership encompasses several strategic projects, including the Hook Lake Joint Venture with Cameco and Orano, where previous drilling revealed 10.3% U₃O₈ over 10.0 metres, and the Smart Lake Joint Venture with Cameco, which has shown promising uranium mineralization. IsoEnergy's equity portfolio, including positions in various uranium companies, is now valued at approximately $40 million.

IsoEnergy (TSX: ISO, OTCQX: ISENF) announces the termination of its planned arrangement to acquire Anfield Energy Inc. Anfield has committed to repay a $6.0 million bridge loan and release a US$3 million indemnity by January 16, 2025.

Despite this development, IsoEnergy emphasizes its strong position in the uranium sector with key assets across multiple jurisdictions. The company's portfolio includes the Hurricane deposit in Canada (highest-grade published uranium resource globally), permitted past-producing mines in the U.S. with existing toll-milling agreements with Energy Fuels, and the Coles Hill project (largest undeveloped uranium project in the U.S.).

The company maintains a strategic investment portfolio valued at approximately $40 million, including stakes in NexGen Energy, Premier American Uranium, and other uranium sector companies. IsoEnergy plans to continue advancing its projects, particularly the Tony M Mine restart in the U.S. and winter drilling at the Laroque East project in Canada.

IsoEnergy (TSX: ISO; OTCQX: ISENF) has launched its 2025 winter exploration program in Canada's eastern Athabasca Basin with an approved budget of $5.3 million. The program includes 8,800 metres of drilling at the Larocque East project, home to the high-grade Hurricane deposit.

The exploration strategy has two main focuses: testing resource expansion near the Hurricane deposit (2,800 metres in seven holes) and evaluating greenfield targets along the Larocque Trend (6,000 metres in 15 holes). Previous drilling results showed promising intersections, including 1% U₃O₈ over 2.0m and 0.6% U₃O₈ over 4.5m.

Additionally, ground geophysical surveys are planned for the East Rim, Evergreen, and Hawk projects to advance these early-stage projects to drill-ready status. The company also provided an update on its previously announced arrangement with Anfield Energy, stating that while the outside date has passed, they are still considering options and alternatives.

IsoEnergy (ISENF) and Purepoint Uranium have completed their joint venture, consolidating 10 uranium projects covering 98,000 hectares in Saskatchewan's eastern Athabasca Basin. The initial ownership structure is 60% IsoEnergy and 40% Purepoint, with options to adjust to a 50/50 split through put/call options involving 4,000,000 Purepoint shares. IsoEnergy can later purchase an additional 1% interest for $2 million.

The partnership focuses on properties along the Larocque Trend, near IsoEnergy's Hurricane Deposit. Purepoint will operate during exploration, while IsoEnergy will lead pre-development stages. Any ownership interest reduced to 10% or less converts to a 2% NSR royalty.

IsoEnergy and Purepoint Uranium have completed their joint venture, consolidating 10 uranium projects covering over 98,000 hectares in Saskatchewan's eastern Athabasca Basin. The initial ownership structure is 60% IsoEnergy and 40% Purepoint, with options to adjust to a 50/50 split through put/call options exchangeable for 4 million Purepoint shares. IsoEnergy can later purchase an additional 1% interest for $2 million.

Purepoint will operate during exploration, while IsoEnergy will control pre-development stages. The partnership focuses on properties along the Larocque Trend, known for high-grade uranium discoveries. Any ownership interest reduced to 10% or less converts to a 2% net smelter royalty.

IsoEnergy (TSX: ISO, OTCQX: ISENF) announced that shareholders have strongly approved two key resolutions at their Special Meeting. The first resolution approves share issuance related to the arrangement with Anfield Energy, while the second approves discretionary share consolidation. The meeting saw participation from 116,633,626 Common Shares (65.23% of eligible votes), with 99.56% supporting the Share Issuance Resolution and 99.19% backing the Share Consolidation Resolution.

The Committee on Foreign Investment in the United States has concluded its review with no national security concerns. The arrangement's completion, expected in December 2024, remains subject to final court and stock exchange approvals.