IsoEnergy Update | Phil Williams and James Connor

Why It Matters

ISO’s expanded, high‑grade uranium portfolio positions it to meet the expected supply shortfall, offering investors exposure to a sector poised for price appreciation as nuclear power scales up.

Key Takeaways

• ISO Energy acquired Toro, expanding into Western Australia uranium assets.
• Tony M. mine poised for rapid restart pending bulk sample results.
• Hurricane deposit boasts 34.5% grade, world’s highest uranium concentration.
• ISO plans pilot plant and infill drilling at Win Luna post‑acquisition.
• Kohl’s Hill holds 160 million pounds, largest U.S. uranium resource.

Summary

ISO Energy used the interview to detail recent milestones, including a well‑received capital raise and the pending acquisition of Toro Energy’s Win Luna project in Western Australia. The company, listed on the TSX (ISO) and NYSE (ISOU) with a $900 million market cap, now controls over 400 million pounds of uranium across Canada, the United States and Australia.

Management highlighted three flagship assets. The Tony M mine in Utah, a former producer with existing infrastructure, is undergoing a bulk‑sample program that will feed a technical study slated for mid‑year, targeting a restart decision by year‑end and potential annual output of 500‑750 k pounds. In the Athabasca Basin, the Hurricane deposit holds 48.6 million pounds at an unprecedented 34.5 % grade, with a winter drill program that exceeded its 5,200 m target and results expected soon. The newly‑acquired Win Luna project, fully permitted but stalled by a state uranium ban, will receive pilot‑plant testing, infill drilling and a revised economic study over the next 12‑18 months.

ISO also underscored its U.S. position through Kohl’s Hill in Virginia, the largest uranium resource in the United States at 160 million pounds, and its broader exploration portfolio that includes call‑option projects with high‑grade potential. Phil Williams noted that the Cigar Lake mine will cease production around 2035, positioning Hurricane and the adjacent Dawn Lake project as natural replacements for that supply gap.

With global uranium demand projected to double by 2040 and a looming supply deficit, ISO’s diversified, high‑grade asset base and strategic acquisitions give it leverage to capture rising prices and attract institutional investors already holding significant stakes. The company’s ability to bring Tony M online quickly and to develop world‑class deposits could materially boost its valuation and provide a reliable source of uranium for the nuclear industry.

Original Description

IsoEnergy (TSX: ISO | NYSE American: ISOU) is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions in Canada, the U.S. and Australia at varying stages of development, providing near-, medium- and long-term leverage to rising uranium prices. IsoEnergy's most advanced project is the Larocque East project in Canada’s Athabasca Basin, which has the highest grade resource in the world.

IsoEnergy https://www.isoenergy.ca/

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