The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

IsoEnergy to Acquire Anfield Energy, Strengthening US Uranium Portfolio

by admin October 4, 2024
October 4, 2024
IsoEnergy to Acquire Anfield Energy, Strengthening US Uranium Portfolio

IsoEnergy (TSX:ISO,OTCQX:ISENF) announced plans to acquire Anfield Energy (TSXV:AEC,OTCQB:ANLDF) on Wednesday (October 2), strengthening its position in the US uranium market.

The purchase will secure IsoEnergy’s access to two of the only three licensed uranium mills in the US, which it says will help solidify its reputation as a significant player in the domestic uranium market.

Anfield wholly owns the Utah-based Shootaring Canyon mill, as well as various uranium and vanadium projects across the Western US, including key areas in Utah, Colorado, New Mexico and Arizona.

A restart application has been submitted to increase Shootaring Canyon’s throughput capacity, and IsoEnergy already has a toll-milling agreement with Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) at the White Mesa mill.

IsoEnergy and Anfield shareholders are set to respectively own approximately 83.8 percent and 16.2 percent of the combined company on a fully diluted basis, with each share valued at US$0.103 each.

According to IsoEnergy, the new entity will be a top player in terms of uranium resource ownership.

When IsoEnergy and Anfield’s assets are amalgamated, they will together have a mineral resource of 17 million pounds in the measured and indicated category and 10.6 million pounds in the inferred category. They will also have a historical mineral resource of 152 million pounds measured and indicated, and 40.4 million pounds inferred.

IsoEnergy CEO Philip Williams emphasized the strategic importance of the acquisition.

“The US is a key jurisdiction for us, and we believe today’s acquisition of Anfield strengthens both our resource base and near-term production potential,’ he said in the company’s press release.

The proximity of Anfield’s assets to IsoEnergy’s projects, particularly the Tony M mine, which is located just 4 miles away, is expected to reduce transportation costs and increase flexibility in mining and processing operations.

The combination also provides operational synergies, with projects including Velvet-Wood and Slick Rock offering advantages through shared infrastructure and reduced administrative costs on a per-pound basis.

The acquisition aligns with broader industry trends favoring nuclear energy as a reliable and carbon-neutral power source. Rising support for nuclear energy is driving increased uranium demand globally, and IsoEnergy believes the Anfield deal positions the company to meet this growing demand through its expanded production capacity.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
OpenAI closes funding at $157 billion valuation as Microsoft, Nvidia, SoftBank join round
next post
Capstone’s Mantoverde Reaches Commercial Production, Expansion Feasibility Study Released

Related Posts

Lithium Universe Limited (ASX: LU7) – Reinstatement to...

September 30, 2024

Gold and Silver Prices Gain as Fed Holds...

August 1, 2024

Successful Maiden Dosing of TRP-8803 (IV-Infused Psilocin) Completed...

July 2, 2024

Surface Exploration Results Reveal Ni and Cu Geochem...

December 2, 2024

Appointment of Mr Serge Hayon as Managing Director

September 26, 2024

Carmanah Minerals

April 6, 2024

​Tech 5: Recession Fears Kick Panic Selling into...

August 10, 2024

Bold Ventures Inc. Invites Shareholders and Investment Community...

January 18, 2025

Crypto Market Update: Q1 2024 in Review

April 20, 2024

BPH Global Ltd (ASX: BP8) – Trading Halt

October 22, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,402)
    • Investing (3,381)
    • Politics (4,562)
    • World (4,498)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved