TSX-V-listed IsoEnergy, under the leadership of CEO Philip Williams, has successfully closed the merger with Consolidated Uranium (CUR).
This union not only marks a significant milestone for IsoEnergy, but also cements its position as a well-funded player in the global uranium development and exploration sector.
“The company now ranks among the largest publicly traded uranium companies in the world allowing for greater access to capital and trading liquidity, broader attractiveness among investors and utilities as well as positioning the company strongly for continued growth through further M&A,” said Williams on Tuesday.
IsoEnergy’s main focus is now to unlock value through exploration, particularly at Hurricane, progressing the US assets toward a production-ready state, and advancing its Australian projects, all with uranium prices surpassing 16-year highs.
“At a time when sentiment and support for the nuclear sector is increasingly positive and the industry is poised for significant growth, the need for near-term uranium production and high-quality uranium discoveries is growing in importance each day. More than ever, these projects will be needed in stable geopolitical jurisdictions. This aligns with IsoEnergy as it combines assets with Consolidated Uranium, for a portfolio focused on Canada, the US and Australia.
“Backstopped by its exceptional Hurricane deposit, bringing together the complementary assets of these two companies will position IsoEnergy to contribute to the world’s growing uranium needs in a meaningful way,” said IsoEnergy president Tim Gabruch.
The CUR shares are expected to be delisted from the TSX-V at market close on December.
IsoEnergy’s board of directors now consists of six directors, including Richard Patricio as chairperson, Leigh Curyer as vice chairperson, Chris McFadden, Peter Netupsky, Williams, and Mark Raguz.
The senior management team of IsoEnergy includes Williams as CEO, Gabruch as president, Graham du Preez as CFO, Marty Tunney as COO, Darryl Clark as executive VP exploration and development, Dan Brisbin as VP exploration and Jason Atkinson as VP business development.