IsoEnergy Gears Up for 2025 Exploration on Robust Uranium Portfolio

• IsoEnergy is advancing a diverse portfolio of high-potential uranium projects in Canada, the U.S. and Australia, providing exposure to rising uranium prices.
• The company is launching an $5.3M winter drill program at its flagship Larocque East project to expand the Hurricane deposit and explore for new discoveries.
• IsoEnergy's acquisition of Anfield Energy was terminated, but the company remains well-positioned with premier uranium assets and a $40M equity portfolio.
• A strategic partnership with Purepoint Uranium was strengthened, consolidating a prospective project pipeline in the prolific eastern Athabasca Basin.
• IsoEnergy has permitted past-producing U.S. mines on standby for rapid restart, a clear path to potential near-term production along with its development projects.

IsoEnergy Ltd. (TSX:ISO) is an emerging uranium leader with a diversified portfolio of exploration and development projects in top global mining jurisdictions. The company is focused on advancing its world-class Larocque East project in Canada's Athabasca Basin, host to the high-grade Hurricane deposit. IsoEnergy also holds strategic investments in other uranium companies, providing exposure to rising prices, and past-producing U.S. mines on standby for rapid production restart.

Update on Proposed Anfield Acquisition

IsoEnergy recently announced the termination of its planned acquisition of U.S. uranium developer Anfield Energy. While complementary to IsoEnergy's U.S. portfolio, CEO Philip Williams said the company remains confident in its existing project pipeline to deliver on its strategy of becoming a diversified uranium supplier.

IsoEnergy provided Anfield with a $6 million bridge loan and a US$3 million indemnity as part of the transaction, which Anfield intends to repay. With the deal now shelved, IsoEnergy is turning its focus to its core portfolio of uranium assets spanning Canada, the U.S. and Australia.

Philip Williams, CEO and Director of IsoEnergy, commented:

“While the Anfield acquisition would have complemented our U.S. portfolio, we remain confident in the strength of our existing global portfolio to deliver on our strategy of becoming a leading diversified uranium company in tier one jurisdictions. In the U.S., our existing projects include permitted, fully built, past-producing mines with toll-milling agreements in place with Energy Fuels, providing a clear path to potential production as well as the largest undeveloped uranium project in the U.S."

In the U.S., IsoEnergy successfully reopened the Tony M mine in Utah last year, demonstrating the ability to resume production rapidly when uranium market conditions are favorable. The company plans to advance an economic study for the mine in 2025. Its Utah assets represent a key potential near-term supply source along with the large, fully-permitted Coles Hill project in Virginia.

Advancing Hurricane Deposit, Exploring High-Potential Targets

Pivoting from the Anfield deal, IsoEnergy is launching an ambitious $5.3 million exploration program in Q1 2025 focused on its flagship Larocque East project. Approximately 2,800 meters of drilling will target extensions and exploration upside near the Hurricane deposit, which hosts the world's highest grade Indicated uranium resource.

The company plans to drill areas with structural and geochemical indicators that could expand the current resource, including testing the southern extension of a high-grade lens that returned 3.1% U3O8 over 0.5 meters in 2021. Gaps in historical drilling suggest the deposit remains open for growth.

A further 6,000 meters of regional drilling will test high-priority targets along the six-kilometer Larocque Lake conductive trend to the east of Hurricane. Spanning three areas, these targets are defined by anomalous geochemistry, alteration and structures coincident with geophysical anomalies. With the unconformity target depth shallowing to the east, this underexplored trend holds potential for shallower new discoveries.

Strategic Partnership

To further build on its leading Athabasca Basin portfolio, IsoEnergy recently strengthened its strategic partnership with Purepoint Uranium Group. IsoEnergy exercised a put option to equalize the ownership interests at 50/50 in exchange for Purepoint shares across 10 joint venture projects covering 98,000 hectares in the highly prospective eastern Basin.

Purepoint adds key projects including the advanced Hook Lake and Smart Lake joint ventures with uranium giants Cameco and Orano. Hook Lake notably hosts the high-grade Spitfire discovery on trend with Fission Uranium's Triple R and NexGen Energy's Arrow deposits on the western side of the Basin.

Smart Lake saw shallow mineralized drill intercepts 60 km southwest of Orano's Cluff Lake mine. Purepoint is also advancing the Denare West VHMS project strategically adjacent to Foran Mining's McIlvenna Bay deposit. The deal increases IsoEnergy's stake in Purepoint to 11.4% and adds further discovery upside to its Basin pipeline.

Strengthening Financial Position & Equity Portfolio

In addition to its robust project portfolio, IsoEnergy holds an equity portfolio of uranium investments valued at approximately $40 million. This includes strategic positions in NexGen Energy, Premier American Uranium, Purepoint and others.

The company continues to make timely investments to leverage rising interest in uranium equities, recently securing a $7.5 million deal with Future Fuels. This strong financial position, along with its high-grade resources, permitted mines and discovery pipeline across multiple jurisdictions positions IsoEnergy to be a leading beneficiary of the improving uranium market outlook.

Continued Growth

Looking ahead, IsoEnergy is set to be a key player in supplying the growing need for uranium as nuclear energy gains favor in the global shift towards cleaner energy sources. Uranium prices have seen a strong resurgence and are forecast to trend higher as the nuclear power growth pipeline expands to meet carbon reduction targets.

Major producers Cameco and Kazatomprom are purchasing material to meet contract commitments, while financial buyers are also entering the market. With its combination of near-term production potential from U.S. assets, high-grade Canadian development projects and upside from ongoing exploration, IsoEnergy provides a compelling investment opportunity in the uranium space.

For Investors

IsoEnergy is entering 2025 with a sharpened focus on advancing its pipeline of high-quality uranium projects spanning exploration, development and production. With the Anfield acquisition behind it, the company is doubling down on its core portfolio, launching aggressive drill programs in Canada's Athabasca Basin to grow resources and make new discoveries.

The company's strengthened partnership with Purepoint Uranium adds further depth to its project pipeline in this world-class uranium district. In the U.S., past-producing mines are on standby for rapid restart, representing a source of potential near-term production as uranium market fundamentals continue to improve.

Backstopped by a robust balance sheet and uranium equity portfolio, IsoEnergy appears well-funded to deliver on its strategy of becoming a diversified uranium supplier. For investors bullish on the long-term fundamentals for nuclear energy and uranium, IsoEnergy presents a leading investment opportunity with exposure to rising prices through a combination of production-ready assets, high-grade resources and ongoing discovery potential.